Craig Corporation - CRG- Profile

Craig Corporation is an investment holding company whose primary business activity is the management of its significant holdings, which include 50% ownership interests in the common stock of Stater Bros. Holdings Inc. and approximately 78% of the outstanding stock of Reading Entertainment Inc. In addition, the company owns a 32.8% interest in Citadel Holding Corporation. Stater Bros is a leading supermarket chain that operates 110 retail supermarkets under the name "State Bros. Markets". Reading & Citadel own and manage real estate primarily located in Philadelphia & Pennsylvania, and Citadel Holding Corp's principal subsidiary, Fidelity Federal Bank is a chartered saving bank. Reading develops and operates cinemas in Australia, New Zealand, Puerto Rico and the United States. International sales accounted for 59% of 1999 revenues. Cinema operations accounted for 98% of 1999 revenues and real estate 2%.