Phoenix Leisure Files to Apply for Gaming License in Mississippi
Notice of Intent approved by the Mississippi Gaming Commission
LAS VEGAS, Nevada, July 19, 1999 – Phoenix Leisure Corporation
(VSE: PLS) announced today that it has filed a Notice of Intent to apply
for a gaming license with the Mississippi Gaming Commission. The
Notice of Intent represents the first formal step required by the Mississippi
Gaming Commission regulations to license a gaming facility. The Notice
of Intent was subsequently approved by the Mississippi Gaming Commission,
clearing the way for the Company to proceed with the next phase of licensing.
"This action puts us on course to continue with our plans to bring
a quality resort to the Gulf Coast," said Phoenix Leisure’s Chairman and
President, Eric Nelson. "We are excited about demonstrating the strengths
of our site development plan to the commissioners and county officials."
The written notice filing is followed by site assessments, site development
plan reviews, and comprehensive background investigative checks according
to the regulatory process imposed by the Mississippi Gaming Commission.
Headquartered in Las Vegas, Phoenix Leisure Corporation is an emerging
developer and operator of niche opportunities in the gaming, hospitality
and entertainment industry. Phoenix Leisure Corporation’s Chairman of the
Board and President, Eric L. Nelson previously developed dockside gaming
facilities in Greenville and Tunica, Mississippi. The company’s stock
is publicly traded on the Vancouver Stock Exchange under the symbol "PLS".
Statements in this release which are not historical facts are "forward
looking" statements and "safe harbor statements" under the U.S. Private
Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties,
including risks and/or uncertainties as described in the Company’s public
filings with the Canadian Securities Administrator’s SEDAR® database
and the Vancouver Stock Exchange.
The Vancouver Stock Exchange has not reviewed this news release and does not accept responsibility for its accuracy.