Inactive Instrument

Latitude 360, Inc.

LATX

US51829Y1073

Latitude 360 Appoints Jesse Merl as President of the '360 Fantasy Live' Division

June 30, 2015 at 02:04 pm IST

Latitude 360 has entered into a non-binding letter of intent to acquire Major League Fantasy. In a release, Latitude 360 noted that once consummated, the transaction will allow it to offer the first chain of live in-venue fantasy sports books. MLF's Founder and CEO Jesse Merl will remain President of the "360 Fantasy Live" division.

The purchase price is a cash and stock deal valued at $8.5 million and is subject to definitive agreements, financing, and other conditions. Dawson James Securities is the Investment banker in the transaction.

Latest news about Latitude 360, Inc.

Latitude 360, Inc. Went Out of Business	09/20/09	CI
Liquidation Plan Approved for Latitude 360, Inc.	20/19/20	CI
Disclosure Statement Approved for Latitude 360, Inc.	29/19/29	CI
Liquidation Plan and Disclosure Satement Filed by Chapter 11 trustee Mark C. Healy, of Latitude 360, Inc.	25/19/25	CI
Involuntary Petition Approved for Latitude 360, Inc.	07/17/07	CI
Trustee Appointed Under Chapter 11 for Latitude 360, Inc.	20/17/20	CI
Involuntary Petition Filed Against Latitude 360, Inc.	10/17/10	CI
Latitude 360, Inc. cancelled the acquisition of three locations in New York and Pennsylvania from Frank Entertainment Companies, LLC.	28/16/28	CI
Latitude 360 Announces Board Changes	12/16/12	CI
Latitude 360, Inc. Announces Executive Changes	09/15/09	CI
Latitude 360, Inc. entered into letter of intent to acquire three locations in New York and Pennsylvania from Frank Entertainment Companies, LLC.	28/15/28	CI
Latitude 360 Appoints Jesse Merl as President of the '360 Fantasy Live' Division	30/15/30	CI
Latitude 360, Inc. entered into a non-binding letter of intent to acquire Major League Fantasy, Inc. for $8.5 million.	22/15/22	CI
Monster Energy Becomes Official Energy Drink Partner for Latitude 360	02/15/02	CI
A.T. Cross Inks Marketing Agreement With Latitude 360 To Showcase Cross Writing Instruments and Cross Retail in all Latitude 360 Venues Across the Country	02/15/02	CI
Latitude 360, Inc. Reports Preliminary Unaudited Sales Results for the First Quarter Ended March 31, 2015	30/15/30	CI
Latitude 360, Inc. Auditor Raises 'Going Concern' Doubt	15/15/15	CI
Latitude 360 Announces Executive Changes	12/15/12	CI
Latitude 360 Enters Franchise Agreement with Al Sedriyah	09/15/09	CI
Latitude 360, Inc. Reports Sales Results for the Two Months Ended February 2015; To Open New Locations in New York, Massachusetts and Minnesota	07/15/07	CI
Latitude 360, Inc. Enters into a Partnership Agreement with Brand Synergy Group	03/15/03	CI
Latitude 360, Inc. announced that it has received $1.5 million in funding	22/14/22	CI
Latitude 360, Inc. announced that it expects to receive $6 million in funding	17/14/17	CI
Latitude 360, Inc. Appoints Ken H. Adams as Chief Financial Officer, Effective as of December 1, 2014	27/14/27	CI
Latitude 360, Inc. Auditor Raises 'Going Concern' Doubt	14/14/14	CI

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Company Profile

Latitude 360, Inc. is a casual dining restaurant/entertainment company. The Company plans, develops, constructs and operates restaurant entertainment centers. The Company operates three restaurant entertainment centers, in Jacksonville, Florida, Pittsburgh, Pennsylvania and Indianapolis, Indiana, and is in the process of designing or constructing restaurant entertainment centers in Albany, New York, Minneapolis, Minnesota, and South Boston, Massachusetts. The Company operates two business segments, which consist of the Company's concrete business and its restaurant and entertainment business. The Company develops, constructs and operates Latitude 360s from 35,000-85,000 square feet). It also has a Go and Carry concrete business as a separate operating subsidiary. The Company operates two wholly owned subsidiaries: Latitude 360, Inc. a Florida corporation (L360-FL), and Kingdom Concrete, Inc., a Texas corporation.

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