HONOLULU, Dec. 13 /PRNewswire-FirstCall/ -- American Hospital Resources, Inc. (OTC Bulletin Board: AMHR; Berlin (WKN) 913541) recently announced the signing of a letter of intent to acquire a 100% interest in a Japanese gaming chain. Mark Buck, AMHR CEO, just returned from a successful due diligence trip to Japan. AMHR assessed first hand the magnitude of the industry and determined the acquisition candidate’s position in the Pachinko gaming marketplace. Japan is the world’s second largest economy and Pachinko is its largest industry. The candidate company already operates three times as many locations as the average pachinko operator and extensive demographic analysis is being used to select new locations for 2005.
Mark Buck added, “Pachinko gaming in Japan is even larger than casino gaming in Las Vegas, but unlike Las Vegas the stores are spaced throughout the country. Professionalism and a depth of market understanding are key ingredients to future growth in this huge industry. To achieve the high level of excitement found in these stores, their design and location must blend art and science. To achieve this goal, this company focuses on modernization and optimization of store design based on detailed statistics.
“After meeting with the principles and touring their facilities, we found that their nearly three decades of operation demonstrated the expertise and commitment necessary for success as a public company. They are currently working to complete audits in GAAP format and are refining business plans reflecting future operation as a public company. AMHR is clearing its books of old business and undertaking Quasi-Reorganization in order to facilitate a smooth transition. With due diligence continuing through the holidays, it is anticipated that this process will be completed in early 2005. We are looking forward to working with this very experienced and visionary team.”
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risk and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the Company’s potential revenues, operations, markets, products and prices and other factors discussed in the Company’s various filings with the Securities and Exchange Commission.
For further information, please contact: Investor Relations of American Hospital Resources, Inc., +1-888-918-8847, ddfox@sisna.com.
American Hospital Resources, Inc.
CONTACT: Investor Relations of American Hospital Resources, Inc.,+1-888-918-8847, ddfox@sisna.com