Conihasset Capital Partners Releases First Quarter Results Wholly Owned Subsidiary MH Gaming Adds Strong Revenue Growth
17 Mayo 2011 - 10:19AM
Marketwired
Conihasset Capital Partners, Inc. (PINKSHEETS: CNHA) (the
"Company") announced today that revenues for the first quarter of
2011 were $1,080,229 compared to $73,723 for the same quarter of
2010. Richard Bailey, President and Chief Executive Officer of
Conihasset, stated that, "This significant increase in
year-over-year first quarter revenue is directly related to the
acquisition by MH Gaming ("MHG") of our three entertainment arcades
this past December 30, 2010. MHG is our primary operating
subsidiary and the first quarter of the year is traditionally the
busy season in Florida for these arcades."
"This is an important step in our strategy," Bailey stated.
"When we acquired three arcades last December I tasked our
management to develop a plan to improve the customer experience and
standardize the critical back office operations. I am delighted
that they have now implemented a number of these initiatives. As a
result, we should be able to integrate potential future
acquisitions quickly and effectively, while at the same time
improving our results."
Bailey added that, "We are pleased with what we have seen so far
in this marketplace. We look forward to more such opportunities
where we might strategically expand our operations by acquiring
additional arcade locations and then standardizing,
professionalizing and institutionalizing each location in an effort
to maximize its value."
Investors wishing to read the entirety of the Company's
Quarterly Disclosure Statement can click on the following link:
http://www.otcmarkets.com/stock/CNHA/financials.
About Conihasset: Conihasset Capital
Partners, Inc. is a holding company quoted on the OTC Pink Market
under the ticker symbol CNHA. The Company's primary operating
subsidiary is MH Gaming ("MHG"), which currently owns and manages
senior entertainment arcades in the state of Florida.
FORWARD-LOOKING
STATEMENTS: Statements included in this press release that are
not historical facts are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
(the "1995 Act"). Words such as "believe," "expect," "anticipate,"
"intend," "look forward," "opportunities," "potential," and similar
expressions identify forward-looking statements. The Company
cautions readers that forward-looking statements reflect the
Company's current expectations and assumptions that are subject to
certain risks and uncertainties which could cause actual results to
differ materially from those projected in the forward-looking
statements. Statements made herein are made in reliance on the safe
harbor for forward-looking statements contained in the 1995 Act.
The Company assumes no obligation to update or revise any
forward-looking statements made herein or any other forward-looking
statements otherwise made by the Company.
Contact: Richard Bailey 617-320-8347
(USOTC:CNHA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
(USOTC:CNHA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about (OTCMarkets): 0 recent articles
Más de Conhassett Artículos de Noticias