Littlefield Corp · 8-K · For 7/28/06 · EX-99.1

Filed On 7/28/06 6:42pm ET   ·   SEC File 333-92060   ·   Accession Number 1157523-6-7597

Current Report   ·   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Littlefield Corporation 8-K                            2      6K 
 2: EX-99.1     Littlefield Corporation Exhibit 99.1                   2±     7K 

EX-99.1   ·   Littlefield Corporation Exhibit 99.1

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                                                                    Exhibit 99.1

Littlefield Corporation Announces New Senior Vice President - Director of       
Capital Transactions                                                            

AUSTIN, Texas--(BUSINESS WIRE)--July 28, 2006--Littlefield Corporation
(OTCBB:LTFD) announces that Michael J. Lindley has accepted the position of     
Senior Vice President - Director of Capital Transactions. He will assume his new
duties in mid-August.                                                           
In this position, Mike will be directly responsible for acquisitions, 
capital transactions related to raising debt and equity for acquisitions and    
institutional investor relations. Cecil Whitmore, Financial Analyst, will       
continue to oversee investor relations for the Company's "retail" shareholders. 
    These duties will entail identifying current bingo hall owners in targeted
states, establishing contact and communicating the Company's acquisition        
strategy. Mike will oversee the acquisition process including coordinating due  
diligence efforts.                                                              
 He will also be responsible for communicating the Company's acquisition
strategy to likely sources of project and balance sheet financing in support of 
acquisitions.                                                                   
   In addition, he will be responsible for communicating the Company's story
to current and prospective institutional shareholders in particular micro/small 
cap mutual funds and hedge funds.                                               
Lindley is well-qualified for this new position having worked on Wall 
Street for Merrill Lynch in investment banking and having worked for a number of
years in a similar position (with Jeff Minch who was the President and CEO of   
that company) in the commercial real estate business. Most recently Mike has    
been in a similar position with a public company in the advertising specialty   
industry.                                                                       
    Mike was the President and Chairman of a private company employing a novel
technology driven strategy in the advertising specialty business. Most recently,
he has been involved in merchant and investment banking with Austin-based Focus 
Strategies.                                                                     
Lindley, 41, brings a wealth of acquisitions, capital transactions,   
investment banking and operational experience to his new position. He and Jeff  
Minch worked together for a number of years in the real estate business.        
Lindley is a graduate of the University of Texas and holds a bachelors
degree in Finance.                                                              
Jeffrey L. Minch, President and Chief Executive Officer of Littlefield
Corporation, offered the following comments:                                    

"Mike Lindley is a smart, hardworking professional who will     
invigorate our acquisition program. His experience and the      
Company's current portfolio of acquisition opportunities will   
result in a more rapid identification, negotiation and closing  
of suitable acquisitions.                                       

We enjoyed an excellent and profitable working relationship in  
the past and I am confident that he will be a great addition    
to our team providing energy, expertise and enthusiasm at a     
critical time in the Company's history.                         

His investment banking background and knowledge of the          
investment business will be a valuable addition to our team.    

His experience as a President and CEO will provide additional   
management depth to the Company."                               

 In accordance with the safe harbor provisions of the Private Securities
Reform Act of 1995: except for historical information contained herein, certain 
matters set forth in this press release are forward-looking statements that are 
subject to substantial risks and uncertainties, including government regulation,
taxation, competition, market risks, customer attendance, spending, general     
economic conditions and other risks detailed in the Company's Securities and    
Exchange Commission filings and reports.                                        

CONTACT: Littlefield Corporation, Austin                              
Cecil Whitmore, 512-476-5141                        
fax: 512-476-5680                                   
cwhitmore@littlefield.com                           

Dates Referenced Herein   and   Documents Incorporated By Reference

This 8-K Filing		Date		Other Filings
Filed On / For The Period Ended		7/28/06		8-K
Filed As Of		7/31/06
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