Article: VCAT Reports Results for the Three and Six Months Ended December 31, 2004.

SAN DIEGO -- Venture Catalyst Incorporated ("VCAT") (OTCBB:VCAT), today reported operating results for the three and six months ended December 31, 2004.

Three Months Ended December 31, 2004 Results

VCAT reported a net loss for the three months ended December 31, 2004 of $13,000 or nil per share. This compares with a net loss of $75,000, or $0.01 loss per share, for the three months ended December 31, 2003.

Revenues for the three months ended December 31, 2004 were $1,745,000, as compared to $1,952,000 during the three months ended December 31, 2003. Revenues from consulting services in the current period were $1,725,000, compared to $1,951,000 ...

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