EXHIBIT 99.1

Friday May 24, 5:00 pm Eastern Time

Press Release

SOURCE: Buckhead America Corporation

                                              FOR IMMEDIATE RELEASE
                                              CONTACT:  PATRICK WALLACE
                                                        WALLACE & ASSOCIATES
                                                        (770) 579-8154


Buckhead America Receives Notice of Delisting of Shares

ATLANTA, May 24  /PRNewswire-FirstCall/ -- Buckhead America Corporation (Nasdaq:
BUCK - News), a hospitality services company, said the company recently received
notice from The Nasdaq Stock Market,  Inc. to the effect that its shares will be
delisted  from the Nasdaq  SmallCap  Market at the opening of  business  May 29,
2002.

The Nasdaq  notice said  Buckhead  does not comply with the minimum net tangible
assets or minimum  stockholders'  equity  requirements for continued listing and
that Nasdaq "Staff has determined  that the Company did not provide a definitive
plan  evidencing its ability to achieve near term  compliance with the continued
listing  requirements  or sustain  such  compliance  over an extended  period of
time."

Buckhead  America said it does not intend to appeal the  delisting  notice.  The
company said it is seeking  arrangements for a broker-dealer to make a market in
the company's shares on the Nasdaq Over-the-Counter Bulletin Board.

Buckhead  America  common shares  presently  trade on the Nasdaq  SmallCapMarket
under the stock symbol "BUCK."

SOURCE: Buckhead America Corporation