MINNEAPOLIS — Lakes Entertainment, Inc. (NASDAQ: LACO) announced today that its President and Chief Financial Officer Tim Cope is currently exercising options and selling shares in compliance with a 10b5-1 plan executed in June of this year, adopted under rule 10b5-1 of the Securities Exchange Act of 1934 and Lakes' Insider Trading Policy. The purpose of this plan is to allow Mr. Cope to exercise the remainder of a 1999 option grant before it expires on January 4, 2009. At the end of the plan, Mr. Cope plans to have exercised options and sold a total of 360,000 shares. Mr. Cope and the Company believe the use of a 10b5-1 plan provides a prudent and orderly method in which to sell these shares before expiration given the limited window of opportunity between now and January 4, 2009. "This plan was undertaken for personal...
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