SANDS REGENT (SNDS)

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Thursday , February 17, 2005 08:01 ET

RENO, Nev., Feb 17, 2005 (BUSINESS WIRE) --The Sands Regent (Nasdaq:SNDS) announced today that its management is scheduled to present at the Roth Capital Partners 17th Annual Growth Stock Conference, being held February 21-23, 2005 at the St. Regis Monarch Beach Hotel, One Monarch Beach Resort, Dana Point, California.

The Sands Regent's presentation will take place at 10:00 a.m. PST on Tuesday, February 22, 2005. To register for this invitation-only conference, please contact your Roth sales representative at 800-678-9147. To schedule a one-on-one meeting with Company management, please contact Sean Collins of CCG Investor Relations at 818-789-0100; media representatives, please contact Valerie Bent at 702-270-9696.

On February 14, 2005, The Sands Regent reported EBITDAR for the quarter ended December 31, 2004 of $3.1 million, a 117% improvement on the $1.4 million in EBITDAR recorded for the prior-year quarter. Six-month EBITDAR grew 89.2% year over year, from $4.2 million in the six months ended December 31, 2003 to $7.9 million in the corresponding period of 2004. These year-over-year improvements primarily reflect the inclusion in the quarter and six months of net revenues from Rail City Casino in Sparks, Nevada, acquired in May 2004. The EBITDAR figures do not include non-operating gains that stemmed from final settlement of a note receivable in connection with the Company's 1998 sale of the Copa Casino in Gulfport, MS. The Company feels that the EBITDAR disclosure enhances the understanding of the financial performance of a company with substantial interest expense, depreciation, amortization and real property rent. Please refer to the earnings announcement and Form 10-Q of February 14 for details and a reconciliation of the Company's EBITDAR disclosure with GAAP results.

Ferenc B. Szony, President and CEO of The Sands Regent, commented, "With three great Reno-area properties in our portfolio, our regional gaming and entertainment growth strategy is working. We look forward to updating the Roth Conference attendees on the great strides we have made in fiscal 2005 so far and our strategic outlook for coming quarters."

The Roth conference will feature more than 220 leading growth companies in sectors such as Consumer Products, Technology, Healthcare, and Financial Services. A concentrated, two-day program will allow institutional investors to meet the executives from a select group of companies that have been hand-picked by the Roth Capital Partners research team.

About Roth Capital Partners

Roth Capital Partners, LLC, is a full service investment bank serving corporate and institutional clients throughout the world. Based in Newport Beach, Calif. and with offices in strategic locations in the Western U.S., it offers a wide array of investment banking services including: initial public offerings, follow-ons, PIPEs, private placements, mergers and acquisitions, investment research, and institutional sales and trading. The firm is perhaps best known for finding, funding and fostering the growth of emerging companies. Visit the Roth Capital Partners website at http://www.rothcp.com/.

About The Sands Regent

The Sands Regent owns and operates the Sands Regency Casino and Hotel in downtown Reno, Nevada, Gold Ranch Casino and RV Resort in Verdi, Nevada and Rail City Casino in Sparks, Nevada. The Sands Regency is an 833-room hotel and casino with 29,000 square feet of gaming space offering table games, a sports book, keno, bingo, live poker and slot machines. In addition to complete amenities and on-site brand-name restaurants, the Company's property also includes a 12,000-square-foot convention and meeting center which seats close to 1,000 people. For further information, visit www.sandsregency.com.

The Gold Ranch Casino and RV Resort is located in Verdi, Nevada, twelve miles west of Reno. Gold Ranch offers slot machines in an 8,000 square foot casino, a sports book, two restaurants, a 105-space RV park, a California lottery station, an ARCO gas station and a convenience store. Web site: www.goldranchrvcasino.com.

Rail City Casino, located in Sparks, Nevada, has approximately 16,600 square feet of gaming space housing slot machines, table games, keno, a sports book, and the City Cafe family-style restaurant. Located near Victorian Square at 2121 Victorian Avenue in Sparks, it is the first casino a motorist encounters when exiting Interstate 80 at the Rock Boulevard exit (Exit 16). Web site: www.railcity.com.

Statements contained in this release, which are not historical facts, are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties detailed from time to time in The Sands Regent's periodic reports and registration statements filed with the Securities and Exchange Commission. Such risks could cause actual results to differ materially from those projected or implied in the forward-looking statements.

SOURCE: The Sands Regent

The Sands Regent, Reno
Ferenc Szony, 775-348-2210
Fax: [phone]
or
CCG Investor Relations, Sherman Oaks, Calif.
Sean Collins, 818-789-0100
Fax: [phone]

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