Article: VCAT Reports Results for the Three and Six Months Ended December 31, 2003.

Business Editors

SAN DIEGO--(BUSINESS WIRE)--Feb. 12, 2004

Venture Catalyst Incorporated ("VCAT") (OTCBB:VCAT), today reported operating results for the three and six months ended December 31, 2003.

Three Months Ended December 31, 2003 Results

VCAT reported a net loss for the three months ended December 31, 2003 of $75,000 or $0.01 loss per share. This compares with a net loss of $570,000, or $0.08 loss per share, for the three months ended December 31, 2002. Weighted average shares outstanding were 7,206,598 for both periods.

Revenues for the three months ended December 31, 2003 were $1,952,000, as compared to $357,000 ...

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