Let the Good Times Roll (EEGI) Joint Venture With Hard Rock Casino
November 19 2010 - 4:01PM
Marketwired
Eline Entertainment Group Inc. (PINK SHEETS: EEGI)
(http://elineentertainment.com/) subsidiary Let The Good Times
Roll, Inc. ("LTGTR") (http://www.goodtimespartybus.com) is pleased
to announce a joint venture with the Hard Rock Hotel and Casino.
This new incentivized agreement with provides LTGTR riders with
$25-$35 in gaming chips and a $5 food voucher when booked for the
Hard Rock Casino. LTGTR, will experiment and plans to start running
shuttles to the Hard Rock, charging $25-30 for round trip services.
The deal is conditionally approved and subject to pending insurance
verification. The company sees this as a simple administrative
task, and to be resolved shortly.
Preliminary research shows strong support with the company
running 14 casino runs a week, with each shuttle generating an
average of $750 in revenue with 60-70% in gross profit.
"We are looking at creative ways to keep the buses on the road.
As they are running not only are they generating revenue but they
are advertising. If you are running a bus during the day for Hard
Rock shuttles and then booking nightly runs at Gross Profit Margins
of 70% you are doing very well.
We are very excited with the Vu365 merger which helps our plans
with the college shuttle program and also will introduce the Vu365
to a new gaming audience. We had extremely favorable talks with
Vu365 and believe they can help us extensively with our unique
programming needs, and we can help them bring Vu365 gaming to an
American audience. This is a win/win for LTGTR, Vu365 and the
shareholders of EEGI," Debra Davis President of LTGTR.
LTGTR, which provides the premier "party on wheels" experience,
intends to increase revenue streams through adding standard shuttle
routes and joint ventures with popular venues such as this one.
LTGTR has begun by creating Luxury Shuttles designed to travel from
regionally isolated areas to populated hotspots. This includes a
division of "Safety Shuttles" geared towards college students,
intended to give "of-age" students the ability to enjoy nightlife
without the hassle of designated drivers, parking fees, etc. These
shuttles will run along a scheduled route, delivering riders to
pre-contracted venues which provide customer discounts and/or
incentives. The Company is currently in talks to purchase competing
businesses with synergy to the new business model of LTGTR.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Eline
Entertainment Group, Inc. that constitute forward-looking
statements for purposes of the safe harbor provisions under the
Private Securities Litigation Reform Act of 1995. The words or
phrases "can be," "expects," "may affect," "believed," "estimate,"
"project," and similar words and phrases are intended to identify
such forward-looking statements. Eline Entertainment Group, Inc.
cautions you that any forward-looking information provided by or on
behalf of Eline Entertainment Group, Inc. is not a guarantee of
future performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Eline Entertainment Group, Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Eline Entertainment Group, Inc.'s
control. In addition to those discussed in Eline Entertainment
Group, Inc.'s press releases, public filings, and statements by
Eline Entertainment Group, Inc.'s management, including, but not
limited to, Eline Entertainment Group, Inc.'s estimate of the
sufficiency of its existing capital resources, Eline Entertainment
Group, Inc.'s ability to raise additional capital to fund future
operations, Eline Entertainment Group, Inc.'s ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities and, in identifying contracts which match
Eline Entertainment Group, Inc.'s capability to be awarded
contracts. All such forward-looking statements are current only as
of the date on which such statements were made. Eline Entertainment
Group, Inc. does not undertake any obligation to publicly update
any forward-looking statement to reflect events or circumstances
after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
Contacts: Eline Entertainment Group, Inc.
corporate@elineentertainment.com Investor Relations 1-647-426-1640
www.minamargroup.net/helpdesk Investor Relations Department Inquiry
www.minamargroup.net (IR) For (M&A) and Corporate Matters
www.minamargroup.com
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