Jan 2010 Financial News

Supreme Ventures Limited – SVL Restructures Gaming Lounge Operations at May Pen

Jan 20, 2010

The following press release was received from Supreme Ventures Limited:

SUPREME VENTURES RESTRUCTURES
GAMING LOUNGE OPERATIONS AT MAY PEN

Supreme Ventures Limited (SVL) has announced the restructuring of its operating hours at the Acropolis May Pen Gaming Lounge. The new operating hours will take effect on Wednesday 20th January 2010. The new operating hours are Wednesdays to Sundays, 3pm to 11pm. The Acropolis May Pen will therefore be closed on Mondays & Tuesdays. The restructuring exercise will see savings in energy utilization and a reduction in non-productive hours.

As a result of the change in operating hours at Acropolis May Pen, 37 employees will be retained at the location or re-deployed to other areas within the Group’s business operations. Approximately 11 positions will be made redundant or not have their contracts renewed. The restructuring exercise is aimed at improving efficiency in operations, thereby contributing more to the Group’s profitability.


Source:
The Trinidad & Tobago Stock Exchange Limited
Wednesday January 20, 2010