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.
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.
November 25, 1993
Nona Morelli's II Inc. said it has bought stakes in two Colorado casinos by joining a newly formed partnership to oversee management of the two gaming halls. The company, based in Irvine, said it has acquired a 4% stake in Eagle Gaming LP, which was formed to own the Horseshoe Casino now under construction in Black Hawk, Colo., and the Glory Hole Casino in Central City, Colo.
June 22, 1994
Small pasta maker Nona Morelli's II Inc., in search of greater diversification, said Tuesday that it has called off its planned $1.3-million purchase of a majority stake in privately owned Air Vegas Enterprises Inc. Morelli's chairman, Fred G. Luke, said that after eight months of negotiations, a "fairly straightforward transaction" had become "incredibly complex" and that he and Air Vegas President James Petty had reached an impasse.
December 5, 1995
Nona Morelli's II Inc. entered into an agreement with Silver Faith Development Ltd. to purchase three buildings in Beijing's Peony Garden commercial and residential real estate development for $21 million. The Irvine leisure and entertainment holding company said the three buildings contain about 250,000 square feet of rentable space comprising more than 100 residential units.