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American Vantage Reports Loss

14 June 2002

LAS VEGAS – As reported by Associated Press: "Gaming industry consultant American Vantage Cos. reported a loss of $244,000, or 5 cents per diluted share, for the three months ended April 30 compared to a loss of $322,000, or 7 cents per share, for the same period a year ago.

"…Costs and expenses increased due to financial consulting services and legal fees related to due diligence in connection with merger and acquisition activity.

"The Las Vegas-based company had provided gaming consulting services to Table Mountain Casino & Bingo, a Native American gaming enterprise in Friant, Calif. until May 1999, when its contract was prematurely terminated by the Table Mountain Band of Indians…"

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