EXHIBIT 99.1 Press Release dated November 10, 2003

Siena Holdings, Inc. Shareholders Approve Reverse Stock Split and Siena
Holdings, Inc. Completes Going Private Transaction

DALLAS - (BUSINESS WIRE) - November 10, 2003. -- Siena Holdings, Inc. (OTCBB:
SIEN - News) today announced that its shareholders, voting at a Special Meeting
of Shareholders held on November 10, 2003, approved the Company's previously
announced Reverse Stock Split and related Amendment to the Company's Certificate
of Incorporation.

Of the total 6,000,000 shares of Existing Common Stock issued and outstanding,
5,717,319 shares were voted, in person or by proxy, and approximately 5,401,102
shares or 94.5% of the total number of shares cast were voted in favor of the
Reverse Stock Split and related Amendment. The Reverse Stock Split and related
cash purchase by the Company will result in the Company going private.

As a result of the Reverse Stock Split, shareholders will, as previously
announced, receive one share of New Common Stock in exchange for every 500,000
shares of Existing Common Stock that they currently own. Since no new
certificates representing fractional shares will be issued, each shareholder
owning less than 500,000 shares of Existing Common Stock, or who would otherwise
receive fractional shares as a result of the Reverse Stock Split, will receive
in exchange for each share of Existing Common Stock cash in the amount of $1.41
per share.

The $1.41 per share cash consideration represents a 34% premium over the $1.05
per share closing price for Siena's common stock on January 31, 2003, the last
day of trading prior to Siena's announcement that it had established a Special
Committee of its Board of Directors to explore a "going private' transaction by
means of a Reverse Stock Split, and a 85% premium over the twelve-month low of
$.76 per share.

The Company filed an Amendment to its Certificate of Incorporation with the
Delaware Secretary of State on November 10, 2003 to consummate the transaction.
As a result of this transaction, the shares of Siena Holdings, Inc. will no
longer be traded on the OTC Bulletin Board or be registered with the Securities
and Exchange Commission.

Statements contained herein that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including but not limited to
statements regarding the Company's expectations, hopes, beliefs, intentions or
strategies regarding the future. Actual results could differ materially from
those projected in any forward-looking statements as a result of a number of
factors. The forward-looking statements are made as of the date of this report
and the Company undertakes no obligation to update or revise the forward-looking
statements, or to update the reasons why actual results could differ materially
from those projected in the forward-looking statements.

Contact:
                 Siena Holdings, Inc., Dallas
                 W. Joseph Dryer,  972/381-4255