SOURCE: Exit Only, Inc.

December 22, 2008 07:44 ET

Exit Only, Inc. and Summit City Grand Resort & Casino Holdings Corporation Update

SANTA MONICA, CA--(Marketwire - December 22, 2008) - Exit Only, Inc. (PINKSHEETS: EXTO) today announced that it would initiate the process to change its name, ticker, and CUSIP number. The proposed new name will be the Summit City Grand Resort & Casino Holdings Corporation. Upon completion of all administrative procedures, the new management team will consist of H.S. Liddell and Todd Smith.

The corporation is in the process of securing land, financing, and strategic partners in order to move forward with the Summit City Grand Resort & Casino project in Fort Wayne, Indiana. Upon completion of the project details it is anticipated that the company will change its name, ticker, and CUSIP number of the corporation to better reflect the operations in Fort Wayne, Indiana.

The primary reason for using a public entity for this project was to allow the residents of Fort Wayne, Indiana and public investors the opportunity to participate in being part owners of a major project for the growth and revitalization for the city of Fort Wayne, Indiana. Ongoing details will be announced in the near future to further elaborate on our ongoing developments with the Summit City project in Fort Wayne, Indiana.

About Summit City Grand Resort & Casino Holdings Corporation

Summit City Grand Resort & Casino Holdings Corporation engages in the development, ownership, and operation of casino resorts. Its primary mission will be to manage and operate the premier casino, water park, theater, resort and hotel operations that will be based out of Fort Wayne, Indiana.

http://www.summitcityholdingscorp.com/

http://www.summitcityresort.com/

Contact Information

  • CONTACT:

    Investor Relations
    David Dion
    1-888-736-0481