DALLAS–(Business Wire)–
Four Corners, Inc. (FCNE.PK) (the “Company”) today reported unaudited financial
results for the 13-week and 26-week periods ended May 2, 2010 and the sale of
its interest in Eclipse Gaming Systems LLC (“Eclipse”).

The Company had consolidated net income of $14,714 and a consolidated net loss
of $42,819, respectively, for the 13-week and 26-week periods ended May 2, 2010,
including losses attributable to the noncontrolling interest in Eclipse for
those periods. For the 13 weeks ended May 2, 2010, Four Corners had net income
from continuing operations of $243,741, a net loss from discontinued operations
of $146,328 and net income of $97,413. For the 26 weeks ended May 2, 2010, Four
Corners had net income from continuing operations of $421,719, a net loss from
discontinued operations of $319,901 and net income of $101,818. Discontinued
operations for both periods were comprised principally of the operating results
of Eclipse.

As of May 2, 2010, Four Corners had approximately $560,000 of cash and total
debt of approximately $6.3 million, net of discounts.

On May 7, 2010, Four Corners sold its 61.5% ownership interest in Eclipse for
approximately $1.9 million in cash to a group of investors headed by Eclipse`s
management. Four Corners also received a payment of approximately $700,000 for
past indebtedness and expenses owed by Eclipse. As part of this transaction,
Four Corners also obtained an exclusive license in most of Oklahoma and Texas to
distribute Eclipse`s Class II, Oklahoma Compact-Class III, and Video Lottery
Terminals products. The Company also assumed Eclipse`s agreement to supply games
to an Indian Tribe in Oklahoma. Four Corners is licensed by that Tribe and has
supplied 76 machines running Eclipse games to certain of its casinos under a
revenue-participation agreement. The machines were acquired as part of the
Eclipse transaction.

“On behalf of the entire management team and board of directors, I would like to
thank everyone for their support. We remain excited about the future and believe
that our recent changes at the Company have positioned us well for future growth
and success,” said John J. Schreiber, the Company`s president, chief executive
officer and chairman of the board of directors.

The unaudited operating results for the 13-week and 26-week periods ended May 2,
2010 are shown below together with accompanying statements of financial position
and cash flows. These financial statements were prepared for internal use, have
not been reviewed by the Company`s auditors and are subject to change. Also
shown below are Aces Wired`s condensed financial statements for fiscal years
2009 and 2008. Although these statements are based on audited financial
statements for those periods, they do not contain required informative
disclosures and thus are not intended to be in accordance with U.S. generally
accepted accounting principles.

About Four Corners

Four Corners (FCNE.PK) is a holding company of certain subsidiaries whose
primary focus is the gaming industry. The Company`s wholly-owned subsidiary, K&B
Sales, Inc., distributes bingo supplies and related equipment to charity bingo
licensees in Texas. FC Distributing LLC, a wholly-owned subsidiary of the
Company distributes gaming machines and other gaming related equipment to the
Native American casino market.

Four Corners, Inc.
Condensed Consolidated Balance Sheet
(Unaudited)

May 2, 2010
ASSETS
Current assets
Cash and cash equivalents $ 560,069
Trade accounts receivable, net 1,092,270
Inventory, net 1,192,800
Other current assets 370,906
Discontinued operations (Eclipse) 2,136,807
Total current assets 5,352,852
Property and equipment, net 1,573,620
Other noncurrent assets 25,971
Total assets $ 6,952,443

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities
Current maturities of notes payable to related parties $ 195,315
Trade accounts payable 307,856
Liabilities of discontinued amusement-with-prize operations 431,414
Other current liabilities 1,025,104
Discontinued operations (Eclipse) 919,026
Total current liabilities 2,878,715
Notes payable to related parties, less current maturities and discount 5,192,919
Other notes payable, less current maturities 14,197
Other noncurrent amounts due to related parties 414,547
Noncurrent liability of discontinued amusement-with-prize operations 214,335
Total liabilities 8,714,713
Stockholders’ deficiency
Total Four Corners, Inc. stockholders’ deficiency (1,617,633 )
Noncontrolling interest in Eclipse (144,637 )
Total stockholders’ deficiency (1,762,270 )
Total liabilities and stockholders’ deficiency $ 6,952,443

Four Corners, Inc.
Consolidated Statements of Operations
For the 13-week and 26-week Periods ended May 2, 2010
(Unaudited)

Period ended May 2, 2010
13 weeks 26 weeks
Revenue
Bingo supply and services $ 4,443,709 $ 8,212,056
Expenses
Cost of sales (bingo products) 2,318,538 4,287,979
Bingo supply and services 1,134,623 2,127,133
Corporate overhead 628,401 1,147,766
Total expenses 4,081,562 7,562,878
Operating income 362,147 649,178
Other income (expense)
Interest income – 150
Interest expense (110,006 ) (210,809 )
Total other income (expense), net (110,006 ) (210,659 )
Income from continuing operations before income taxes 252,141 438,519
Income tax expense (Texas margin tax) (8,400 ) (16,800 )
Net income from continuing operations 243,741 421,719
Net loss from discontinued operations (229,027 ) (464,538 )
Net income (loss) 14,714 (42,819 )
Net loss attributable to noncontrolling interest (82,699 ) (144,637 )
Net income attributable to Four Corners, Inc. $ 97,413 $ 101,818
Net income (loss) per share attributable to Four Corners, Inc.
common stockholders – Basic and Diluted
Net income from continuing operations $ 0.02 $ 0.04
Net loss from discontinued operations (0.01 ) (0.03 )
Net income $ 0.01 $ 0.01
Weighted average number of Four Corners, Inc. common shares outstanding
Basic 10,479,658 10,479,658
Diluted 10,494,719 10,512,489
Net income (loss) attributable to Four Corners, Inc. common stockholders
Net income from continuing operations $ 243,741 $ 421,719
Net loss from discontinued operations (146,328 ) (319,901 )
Net income $ 97,413 $ 101,818

Four Corners, Inc.
Condensed Consolidated Statement of Cash Flows
For the 26-week Period ended May 2, 2010
(Unaudited)

Net cash provided by Operating Activities of Continuing Operations $ 192,313
Cash flows from Investing Activities of Continuing Operations:
Deposit on sale of Eclipse Gaming Systems, LLC 100,000
Insurance proceeds from casualty loss of property and equipment 9,033
Acquisitions of property and equipment (201,531 )
Net cash used in investing activities of continuing operations (92,498 )
Cash flows from Financing Activities of Continuing Operations:
Repayments of notes payable to related parties (108,937 )
Repayments of other notes payable (3,476 )
Payments of installment purchase agreement (202,442 )
Net cash used in financing activities of continuing operations (314,855 )
Net cash used in Discontinued Operations (248,908 )
Net decrease in cash and cash equivalents (463,948 )
Cash and cash equivalents – beginning of the period 1,024,017
Cash and cash equivalents – end of the period $ 560,069

Aces Wired, Inc.
Condensed Consolidated Balance Sheets

November 1, November 2,
2009 2008
ASSETS
Current assets
Cash and cash equivalents $ 1,024,017 $ 835,056
Trade accounts receivable, net 978,527 857,607
Inventory, net 932,763 820,708
Other current assets 257,747 450,580
Total current assets 3,193,054 2,963,951
Property and equipment, net 2,799,463 2,388,733
Intangible assets, net 569,618 714,249
Other noncurrent assets 30,720 55,691
Total assets $ 6,592,855 $ 6,122,624

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY)
Current liabilities
Trade accounts payable $ 631,763 $ 1,459,044
Current maturities of notes payable to related parties 164,634 1,366,584
Current maturities of other notes payable 252,382 –
Liabilities of discontinued amusement-with-prize operations 493,414 1,882,344
Other current liabilities 769,955 495,739
Total current liabilities 2,312,148 5,203,711
Notes payable to related parties, less current maturities and discount 5,251,563 233,959
Other notes payable, less current maturities 125,840 –
Other noncurrent amounts due to related parties 432,031 345,842
Other noncurrent liabilities 204,810 15,846
Total liabilities 8,326,392 5,799,358
Total stockholders’ equity (deficiency) (1,733,537 ) 323,266
Total liabilities and stockholders’ equity (deficiency) $ 6,592,855 $ 6,122,624

Aces Wired, Inc.
Consolidated Statements of Operations
For the 52-week and 53-week Periods ended November 1, 2009 and November 2, 2008

Period ended
November 1, November 2,
2009 2008
Revenue
Bingo supply and services $ 15,763,878 $ 14,918,125
Game development and sales 1,580,202 27,092
Total revenue 17,344,080 14,945,217
Expenses
Cost of sales (bingo products) 8,521,918 8,144,671
Bingo supply and services 3,837,332 3,827,638
Game development and sales 2,316,871 1,009,805
Corporate overhead 1,753,913 3,067,783
Amusement-with-prize legal proceedings 2,701,667 1,604,804
Net loss resulting from the shutdown of amusement-with-prize operations 28,238 1,081,974
Total expenses 19,159,939 18,736,675
Operating loss (1,815,859 ) (3,791,458 )
Other income (expense)
Interest income 935 26,182
Interest expense (including interest on related party indebtedness of $502,202 in 2009
and $69,602 in 2008) (535,799 ) (73,310 )
Other – (31,145 )
Total other income (expense), net (534,864 ) (78,273 )
Loss from continuing operations before income taxes and minority interest (2,350,723 ) (3,869,731 )
Income tax benefit (expense) 126,680 (20,444 )
Minority interest in net loss from continuing operations – 187,750
Net loss from continuing operations (2,224,043 ) (3,702,425 )
Net loss from discontinued operations (44,009 ) (10,261,194 )
Net loss (2,268,052 ) (13,963,619 )
Deemed dividend on Series A convertible preferred stock – (399,250 )
Net loss available to common stockholders $ (2,268,052 ) $ (14,362,869 )
Net loss per common stock share – Basic and Diluted
Net loss from continuing operations $ (0.21 ) $ (0.40 )
Net loss from discontinued operations – (1.11 )
Deemed dividend on Series A convertible preferred stock – (0.05 )
Net loss available to common stockholders $ (0.21 ) $ (1.56 )
Weighted average number of common stock shares outstanding – Basic and Diluted 10,479,658 9,222,632

Aces Wired, Inc.
Condensed Consolidated Statements of Cash Flows
For the 52-week and 53-week Periods ended November 1, 2009 and November 2, 2008

Period ended
November 1, November 2,
2009 2008

Net cash used in Operating Activities of Continuing Operations $ (1,180,127 ) $ (1,223,014 )
Cash flows from Investing Activities of Continuing Operations:
Proceeds from sales of property and equipment 530,585 22,200
Acquisitions of property and equipment (1,020,296 ) (1,373,321 )
Capitalized expenditures for game software development (37,175 ) (325,936 )
Deferred acquisition costs – (557,132 )
Other (54 ) (105 )
Net cash used in investing activities of continuing operations (526,940 ) (2,234,294 )
Cash flows from Financing Activities of Continuing Operations:
Loan proceeds allocated to notes payable issued under credit facility with related party,
net of issuance costs 4,583,149 –
Proceeds from issuance of other notes payable to related parties 1,316,731 227,850
Proceeds from sale of Series A convertible preferred stock – 1,040,000
Proceeds from sale of common stock, net of issuance costs – 679,791
Loan proceeds allocated to detachable warrants issued under credit facility with related party 243,061 –
Capital contributions from minority interest – 156,250
Proceeds from issuance of other notes payable 112,950 –
Repayments of notes payable to related parties (3,139,933 ) –
Repayments of other notes payable (132,144 ) –
Repayments of installment purchase agreement (49,520 ) (345,564 )
Distributions to minority interest (20,000 ) –
Net cash provided by financing activities of continuing operations 2,914,294 1,758,327
Net cash used in Discontinued Operations (1,018,266 ) (1,076,008 )
Net increase (decrease) in cash and cash equivalents 188,961 (2,774,989 )
Cash and cash equivalents – beginning of the period 835,056 3,610,045
Cash and cash equivalents – end of the period $ 1,024,017 $ 835,056

Four Corners
Christopher C. Domijan, 214-261-1963
or
ICR
Don Duffy, 203-682-8200

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