Littlefield Corporation Announces Successful Settlement

Apr 27, 2001, 01:00 ET from Littlefield Corporation

    AUSTIN, Texas, April 27 /PRNewswire/ --
 Littlefield Corporation (Nasdaq: LTFD) announces today that it has finalized a
 settlement with Mims & Dye Enterprises, L.L.C.  The agreement satisfies income
 Mims & Dye owed to the Company as a result of the termination of a machine
 coin operator agreement.  In lieu of cash, Littlefield Corporation will
 receive 80,000 shares of Littlefield stock with an approximate value of
 $1.80 per share.  These shares will be placed as treasury stock.  As a direct
 result of this activity, the company will realize a net gain of $78,500 for
 the second quarter of 2001.
     Jeffrey L Minch, President of Littlefield Corporation had the following
 comments:
 
     "This settlement serves as testament to our commitment to resolving
     lingering past business.  The agreement with Mims & Dye was conclusively
     settled to the satisfaction of all involved."
 
     Littlefield Corporation is engaged in the entertainment, amusement, real
 estate and hospitality businesses.
 
      For Additional Information
      Risa Feit
      Director of Marketing/Communications
      Littlefield Corporation
      512-476-5141 PH
      512-476-5680 FX
      rfeit@littlefield.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X73923767
 
 

SOURCE Littlefield Corporation
    AUSTIN, Texas, April 27 /PRNewswire/ --
 Littlefield Corporation (Nasdaq: LTFD) announces today that it has finalized a
 settlement with Mims & Dye Enterprises, L.L.C.  The agreement satisfies income
 Mims & Dye owed to the Company as a result of the termination of a machine
 coin operator agreement.  In lieu of cash, Littlefield Corporation will
 receive 80,000 shares of Littlefield stock with an approximate value of
 $1.80 per share.  These shares will be placed as treasury stock.  As a direct
 result of this activity, the company will realize a net gain of $78,500 for
 the second quarter of 2001.
     Jeffrey L Minch, President of Littlefield Corporation had the following
 comments:
 
     "This settlement serves as testament to our commitment to resolving
     lingering past business.  The agreement with Mims & Dye was conclusively
     settled to the satisfaction of all involved."
 
     Littlefield Corporation is engaged in the entertainment, amusement, real
 estate and hospitality businesses.
 
      For Additional Information
      Risa Feit
      Director of Marketing/Communications
      Littlefield Corporation
      512-476-5141 PH
      512-476-5680 FX
      rfeit@littlefield.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X73923767
 
 SOURCE  Littlefield Corporation