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American Vantage Posts Loss

20 March 2002

LAS VEGAS -- American Vantage Cos. of Las Vegas reported a loss of $619,000, or 13 cents per share, for the quarter ending Jan. 31.

The company did not report any revenues, but did post $176,000 in interest income. In the year-ago period, American Vantage lost $419,000, or 8 cents per share.

American Vantage is attempting to identify potential candidates for a merger or acquisition.

American Vantage's only operating asset is a 49 percent interest in the Border Grill restaurant in Mandalay Bay, though this is listed as an unconsolidated subsidiary. The company reported a loss of $15,000 from this subsidiary.

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