December 11, 1993
Nona Morelli's II Inc., the Irvine pasta maker, said it lost $2.5 million, or 6 cents a share, for its first fiscal quarter, compared with a loss of $586,072, or 13 cents a share, a year earlier. Revenue for the quarter ended Sept. 30 fell 3%, to $612,583 from $634,213. The company said the results reflect a 75% increase in general and administrative expenses, associated mostly with the company's move to California and its attempt to enter gaming markets in Colorado and Mississippi.
December 9, 1996
Nona Morelli's II Inc. acquired the management rights to the Le Palace Hotel at the Cleopatra Palace Resort in Tunisia. Irvine-based Nona Morelli's said it negotiated for the rights after its NuOasis International Inc. unit became a 50% owner of Cleopatra's World Inc., which operates the hotel. Cleopatra's World became a NuOasis unit on Oct. 1. The hotel recorded gross revenue from rooms, food service and conventions of about $500,000 for the first six weeks of operation.
October 2, 1997
Nona Morelli's II Inc. said it has received financing to complete and open the first of its three Tunisian casino projects. Cedric International Co. agreed to provide $5.5 million in working capital, while Societe Francaise Automatique, a French video and coin-operated arcade developer, has agreed to finance all slot machines and related equipment for the first casino, the Irvine-based company said. Terms of the two financing agreements were not disclosed.
May 28, 1995
Nona Morelli's II Inc., an Irvine maker of fresh pasta and Italian food products and holding company for a group of leisure and entertainment businesses, posted a net loss of $530,782, or 6 cents a share, for the third fiscal quarter ended March 31. That contrasts with profit of $13,389, or less than a cent a share, for the corresponding period last year. Revenue rose 53% to $813,886 from $531,512. For the nine-month period, the company reported a net loss of $1.
March 3, 1994
Nona Morelli's II Inc., an Irvine Italian food company, said it lost $304,355, or 6 cents a share, for the second fiscal quarter ended Dec. 31, compared to a loss of $177,798, or 36 cents a share, a year earlier. Per-share figures were adjusted to reflect a December 1-for-10 reverse stock split. Revenue rose to $818,808 from $439,516. For the first half of the fiscal year, the company lost $2.8 million, or 63 cents a share.
May 31, 1995
Nona Morelli's II Inc., an Irvine operator of gambling casinos, said it acquired a 40% interest in two casinos in Macao, south of Hong Kong, for 32 million shares of common stock valued at about $35 million and a $3-million note to the owner, Ng Man Sun of Dragon Sight International Amusement Co.