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EXHIBIT 99.4
[STRATOSPHERE CORPORATION LOGO]
NEWS RELEASE
STRATOSPHERE CORPORATION
2000 LAS VEGAS BOULEVARD SOUTH
LAS VEGAS, NEVADA 89104
702-380-7777
702-383-4733 (FAX)
[TOWER LOGO]
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FOR FURTHER INFORMATION CONTACT:
William Bischoff - (702) 383-4719
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FOR IMMEDIATE RELEASE
WEDNESDAY, OCTOBER 4, 2000
STRATOSPHERE ACQUIRES OWNERSHIP OF THE TOWER SHOPS
LAS VEGAS, NV - STRATOSPHERE CORPORATION (OTC:STTC OB) today announced that
Stratosphere Leasing LLC, an affiliate of Stratosphere, has acquired the space
comprised of the Tower Shops, the 59,000 square foot retail component of
Stratosphere, a casino/hotel/entertainment complex located at the north end of
the Las Vegas Strip. The complex is centered around the Stratosphere Tower, the
tallest freestanding observation tower in the United States.
Stratosphere Leasing will assume management and leasing responsibilities for the
Tower Shops immediately and has hired the former Tower Shops property manager to
provide continuity to the facility's operation.
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The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this press
release (as well as information included in oral statements or other written
statements made or to be made by the Company) contains statements that are
forward-looking, such as statements relating to plan for future expansion and
other business development activities as well as other capital spending,
financing sources and the effects of regulation (including gaming and tax
regulation) and competition. Such forward-looking information involves important
risks and uncertainties that could significantly affect anticipated results in
the future and, accordingly, such results may differ from those expressed in any
forward-looking statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to development and
construction activities, dependence on existing management, leverage and debt
service (including sensitivity to fluctuations in the interest rates), domestic
or global economic conditions, activities of competitors and the presence of new
or additional competition, fluctuations and changes in customer preferences and
attitudes, changes in federal or state tax laws of the administration of such
laws and changes in gaming laws or regulations (including the legalization of
gaming in certain jurisdictions). For more information, review the Company's
filings with the Securities and Exchange Commission, including the Company's
annual report on Form 10-K and certain registration statements of the Company.
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