Press Release: Buckhead America Corporation
April 3, 2002
ATLANTA, GA -- Buckhead America Corporation (Nasdaq: BUCK), a hospitality services company, reported results for
the year ended December 31, 2001.
A tabulation of results follows:
Buckhead America Corporation
And Subsidiaries
Financial Highlights
2001 2000
Year Dec. 31:
Revenue $18,926,002 $25,655,463
Loss Continuing Operations a-(11,748,017) b-(7,666,973)
Loss Discontinued Operations c-(2,675,406) (606,148)
Net Loss (14,423,423) (8,273,121)
Net Loss Per Share (Basic & Diluted) (7.29) (4.23)
Average Shares (Basic & Diluted) 2,016,672 2,022,946
a- Includes writedown of property held for sale of $6,360,000 and losses on property sales and lease terminations
of $1,675,699. b- Includes writedown of property held for sale of $2,300,000 and gains on property sales of $608,717.
c- Includes estimated loss on disposal of hotel management business of $679,828.
SOURCE: Buckhead America Corporation