Sands Regent Facing Possible Delisting

The Sands Regent has announced that they received notice from the NASDAQ Stock Market’s Listing Qualifications Staff that “the Company’s securities are subject to potential delisting from The NASDAQ Stock Market as of October 26, 2006,” due to the Company’s failure to file its annual report on Form 10-K for the year ended June 30, 2006 in a timely manner.

On October 17^th, the Sands filed a Form 8-K with the Securities and Exchange Commission telling of accounting errors that had taken place, and will be corrected in a Form 10-K for the last fiscal year. They have to redo their financial statements for June 2004 and June 2005 before they can correctly report June 2006. They could not give a completion date for June 2006, but have assured the Commission that they will do it as fast as possible.

However, because of the delay they are not in proper compliance with NASDAQ Marketplace Rule 4310(c)(14). They will have to make a request for a hearing to request continued listing.

The Sands Regent owns and operates the Sands Regency Casino and Hotel, Gold Ranch Casino and RV Resort, Rail City Casino, Depot Casino, and the Red Hawk Sports Bar. They have thousands of slot machines and table games, hotels, bars, etc. all under their belt.

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