SOURCE: Conihasset

Conihasset

September 20, 2011 11:36 ET

Conihasset's Wholly Owned Subsidiary MH Gaming Begins Shuttle Bus Service for Arcade Customers

BOSTON, MA--(Marketwire - Sep 20, 2011) - Conihasset Capital Partners (PINKSHEETS: CNHA) announced today that its wholly owned subsidiary MH Gaming ("MHG") has commenced a free shuttle bus service from large residential developments to its senior arcades in Sebastian and Melbourne, Florida. The first shuttle bus was acquired on September 9, 2011 and went into service on September 18, 2011.

"This is an important initiative for MHG as we prepare for the busy season right around the corner," said Richard Bailey, President and Chief Executive Officer of Conihasset. "The shuttle bus allows our customers to spend time enjoying our arcades without having to worry about transportation to and from our facilities. We believe that this is a cost effective, value added service for us and part of our goal to constantly improve the customer experience. We also intend this to serve as great way to help base load our business year round and not just provide incremental business during the busy season," he added.

MHG began test marketing this initiative in July and received highly positive feedback from Activities Directors at some of the larger residential communities in Brevard and Indian River Counties. "What we found in our testing of this concept was that Activities Directors at these large residential communities are constantly looking for entertainment opportunities for their residents," stated Tom Melina, MHG's Chief Operating Officer. "As a result," Melina added, "we are able to offer the residents of these large communities a simple and free way to spend three hours at one of our facilities, play our skill based games and enjoy a meal or snack in a clean, safe and comfortable environment."

About Conihasset: Conihasset Capital Partners, Inc. is a holding company quoted on the OTC Pink Market under the ticker symbol CNHA. The Company's primary operating subsidiary is MH Gaming ("MHG"), which currently owns and manages senior entertainment arcades in the state of Florida.

FORWARD-LOOKING STATEMENTS: Statements included in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "1995 Act"). Words such as "believe," "expect," "anticipate," "intend," "look forward," "opportunities," "potential," and similar expressions identify forward-looking statements. The Company cautions readers that forward-looking statements reflect the Company's current expectations and assumptions that are subject to certain risks and uncertainties which could cause actual results to differ materially from those projected in the forward-looking statements. Statements made herein are made in reliance on the safe harbor for forward-looking statements contained in the 1995 Act. The Company assumes no obligation to update or revise any forward-looking statements made herein or any other forward-looking statements otherwise made by the Company.

Contact Information

  • Contact:
    Richard Bailey
    617-320-8347