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Littlefield acquires stock in Texas companies

AUSTIN, Texas--(BUSINESS WIRE)--Littlefield Corporation (OTCBB:LTFD - News) announces it has acquired the stock of two Texas corporations who each own a commercial license to lease bingo premises. The acquisitions are complementary to the Company's current portfolio of Texas bingo licenses. All other details are being held in conformance with the requirements of the transaction.

Jeffrey L. Minch, President and Chief Executive Officer of Littlefield Corporation, offered the following comments:

"These acquisitions represent a continued strategy to grow our Texas bingo portfolio. We continue to closely analyze several markets throughout Texas, some of which we currently have operations, and believe these acquisitions will provide us with meaningful growth opportunities in the future."

Littlefield Corporation is a Delaware Corporation headquartered in Austin, Texas whose appropriately formed and licensed wholly owned corporate subsidiaries are charitable bingo commercial lessors and charitable bingo promoters (in South Carolina only) with 30 charitable bingo halls in Texas, South Carolina and Alabama. Over 100 charities conduct bingo in these charitable bingo halls and in 2006 earned over $4,300,000 to fund their noble causes.

These charitable bingo halls had over 3,000,000 customers play bingo in 2006.

In addition, the Company owns Word of Mouth (custom catering company) and Premiere Tents & Events (party rental company).

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