EXHIBIT 99.1




                                  PRESS RELEASE

                              FOR IMMEDIATE RELEASE

CONTACT:

Douglas Collins
Buckhead America Corporation
President and Chief Executive Officer
(770) 393-2662


BUCKHEAD AMERICA CORPORATION FILES FORM 15 TO DEREGISTER WITH SECURITIES AND
EXCHANGE COMMISSION


Atlanta, Georgia, November 13, 2002--Buckhead America Corporation (OTC BB:
BUCK.OB) is announcing the filing of a Form 15 with the Securities and Exchange
Commission (the "SEC"). The Form 15 was filed with the SEC in order to terminate
registration of the Company's common stock under the Securities and Exchange Act
of 1934 (the "1934 Act").

Upon the filing of the Form 15, the obligations of Buckhead America Corporation
to file with the SEC certain reports and forms, including 10-K, 10-Q and 8-K
ceased. Upon the effectiveness of the Form 15, which is anticipated to be within
90 days of filing, the obligations of Buckhead America Corporation to file proxy
statements with the SEC will cease. In addition, the common stock of Buckhead
America Corporation will no longer be eligible for quotation on the OTC Bulletin
Board.

According to Douglas Collins, President and Chief Executive Officer, Buckhead
America Corporation is taking this action in order to reduce corporate costs
associated with being a reporting company under the 1934 Act. "After careful
consideration, the board of directors determined to take action to deregister
the common stock of Buckhead America Corporation under the 1934 Act. The
company's common stock has been thinly-traded. The board of directors concluded
that the advantages of being a reporting company under the 1934 Act do not
offset the costs and administrative burdens associated with the SEC reporting
requirements."

Buckhead America Corporation is a diversified hospitality services company whose
holdings include the Country Hearth Inn franchise system.

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