Four Corners, Inc. (FCNE.PK) (the “Company”) today pre-released unaudited financial results for the 52-week period ended October 31, 2010 and announced the renewal of the bingo distributorship license for its subsidiary, K&B Sales, Inc. (“K&B”).

Financial Update

The Company reported consolidated net income of approximately $1.6 million, or $0.16 per basic share including, net income from discontinued operations of $1.2 million, or $0.13 per basic share, for the 52-week period ended October 31, 2010. For the 52-week period ended November 1, 2009, the Company reported a consolidated net loss of approximately $2.3 million, or $(0.22) per basic and diluted share, including a net loss from discontinued operations of approximately $0.8 million, or $(0.08) per basic and diluted share. Discontinued operations for fiscal years 2010 and 2009 were comprised principally of the operating results of Eclipse Gaming Systems, LLC, which the Company sold in May 2010. Discontinued operations for fiscal year 2010 also includes a gain of $1.5 million resulting from the sale of Eclipse. The Company had net income from continuing operations of approximately $0.3 million, or $0.03 per basic and diluted share, for fiscal year 2010 compared to a net loss from continuing operations of $1.5 million, or $(0.14) per basic and diluted share, for fiscal year 2009.

The Company had revenue from continuing operations of approximately $16.4 million in fiscal year 2010, almost all of which was bingo revenue. Revenue from continuing operations of $15.7 in fiscal year 2009 was all bingo revenue.

As of October 31, 2010, the Company had approximately $3.0 million of cash and total debt of approximately $6.0 million. Substantially all of the Company’s indebtedness is to related parties.

Business Update

On January 20, 2011, the Texas Lottery Commission voted unanimously to accept a settlement agreement between the Commission staff and K&B regarding the renewal of K&B’s bingo distributor license. K&B’s license has been renewed and an administrative penalty was assessed against K&B in the amount of $2.3 million. Of that amount $2.1 million is deferred pending K&B’s compliance with the settlement agreement, and the deferred penalty will be vacated in five years. During the five year period, K&B has agreed not operate, promote, service or install games in Texas that fall within the Commission’s definition of a gambling device, and it has agreed that it will not allow any of its officers, directors, employees or agents to do the same. K&B has agreed to pay the Commission its legal fees and $0.2 million over a 12-month period beginning February 1, 2011.

“We are pleased with our financial results in what was an important transition year for the Company. We expect to continue to remain focused on building K&B, while we selectively look at strategic distribution opportunities in other jurisdictions that leverage our expertise, reputation and relationships. We remain excited about the future and believe we are well positioned for future growth and success,” said John J. Schreiber, the Company’s chairman, president and chief executive officer.

About Four Corners

Four Corners (FCNE.PK) is a holding company of certain subsidiaries whose primary focus is the gaming industry. The Company’s wholly-owned subsidiary, K&B Sales, Inc., distributes bingo supplies and related equipment to charity bingo licensees in Texas. FC Distributing LLC, a wholly-owned subsidiary of the Company, distributes gaming machines and other gaming related equipment to the Native American casino market in Oklahoma.

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