Butler National Begins Construction Phase of the Boot Hill Casino and Resort in Dodge City, Kansas
Corporation (OTC Bulletin Board: BUKS) a recognized provider of professional
management services in the gaming industry, announces that its wholly-owned
subsidiary Butler National Service Corporation entered into an agreement with
BCH Development, L.C., a
immediately begin construction of Phase I of the Boot Hill Casino and Resort.
Phase I of the casino is being constructed in accordance with the overall
conceptual plans provided to and approved by the Kansas Lottery Commission,
the Lottery Gaming Facility Review Board and the Kansas Racing and Gaming
Commission.
On
Racing and Gaming Commission approved the contract and the results of the
background investigation of its wholly-owned subsidiary Butler National
Service Corporation to develop and manage a casino in the Southwest Gaming
Zone located in
begin in
The new Boot Hill Casino and Resort is designed to enhance and re-create
the world famous 1870-1880′s experience at the historic Boot Hill destination
in
revenue in the
million
approximately
Phase II of the development is planned to be complete in 38 months and will
cost an expected additional
million
stimulus for
are proud to have BCH Development, L.C., another
developer of the land associated with Boot Hill Casino and Resort. We are
excited to be able to begin work on Phase I of the Boot Hill Casino and
Resort. We are moving forward with the development of a first class
destination casino and resort in
2008.”
About Butler National Corp:
Butler National Corporation operates in the Aerospace and Services
business segments. The Aerospace segment focuses on the manufacturing of
support systems for “Classic” commercial and military aircraft including the
Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching
equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing
Helicopter and performance enhancement structural modifications for Learjet,
Cessna, Dassault and Hawker/Beechcraft business aircraft. Services include
electronic monitoring of water pumping stations, temporary employee services,
Indian gaming services and administrative management services.
Forward-Looking Information:
The information set forth above includes “forward-looking statements” as
outlined in the Private Securities Litigation Reform Act of 1995 and Section
21E of the Securities Exchange Act of 1934. Words such as “anticipate,”
“estimate,” “expect,” “project,” “intend,” “may,” “plan,” “predict,”
“believe,” “should” and similar words or expressions are intended to identify
forward-looking statements. Investors should not place undue reliance on
forward-looking statements, and the Company undertakes no obligation to
publicly update or revise any forward-looking statements. All forward-looking
statements reflect the present expectation of future events of our management
and are subject to a number of important factors, risks, uncertainties and
assumptions that could cause actual results to differ materially from those
described in the forward-looking statements. These factors and risks include,
but are not limited to the Cautionary Statements and Risk Factors, filed as
Exhibit 99 and Section 1A to the Company’s Annual Report on Form 10-K,
incorporated herein by reference. Investors are specifically referred to such
Cautionary Statements and Risk Factors for discussion of factors, which could
affect the Company’s operations, and forward-looking statements contained
herein.
FOR MORE INFORMATION CONTACT:
Craig D. Stewart, Investor Relations
Butler National Corporation
19920 W. 161st Street
Olathe, KS 66062
Public Relations Phone: 214-663-5833
Phone Office: 913-780-9595
Phone Fax: 913-780-5088
Jim Drewitz, Public Relations
jim@jdcreativeoptions.com
Direct Investor Relations
Phone office 830-669-2466
For more information, please visit the Company web site:
www.butlernational.com
SOURCE Butler National Corporation