CINEMASTAR LUXURY THEATERS INC
NT 10-Q, EX-1, 2000-11-14
MOTION PICTURE THEATERS
Previous: CINEMASTAR LUXURY THEATERS INC, NT 10-Q, 2000-11-14
Next: ERP OPERATING LTD PARTNERSHIP, 10-Q, 2000-11-14



<PAGE>   1

                                                                       EXHIBIT 1


The Company is currently engaged in negotiations with several of its landlords
in an effort to amend its existing facility lease agreements. The lease
negotiations have required the Company to devote considerable resources,
including the attention of key financial and operational personnel. These
negotiations may materially affect the description of the Company's ongoing
business, and the asset, liability and equity balances to be included in the
Company quarterly report on Form 10-QSB. For these reasons, the Company will not
be able to meet the November 14, 2000 deadline for filing its Form 10-QSB
without the imposition of unreasonable effort and expense.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission