Thunderbird Resorts Inc.: Half-Year Report 2011 Filing Announcement
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Thunderbird Resorts Inc.: Half-Year Report 2011 Filing Announcement
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PANAMA, REPUBLIC OF PANAMA--(Marketwire - August 31, 2011) - Thunderbird Resorts
Inc. ("Thunderbird" or "Group") (FRANKFURT: 4TR)(EURONEXT: TBIRD) announces that
the Group's Half-year Report 2011 has been filed with the Euronext Amsterdam by
NYSE Euronext ("Euronext Amsterdam") and the Netherlands Authority for Financial
Markets ("AFM") on 31 August 2011 as well as on SEDAR in Canada.
Document Availability
Copies of the Half-year Report 2011 in the English language are available at no
cost at the Group's operational office in Panama and at the offices of our local
paying agent ING Bank N.V., van Heenvlietlaan 220, 1083 CN Amsterdam, the
Netherlands (tel: +31 20 7979 398, fax: +31 20 7979 607, email:
iss.pas(at)mail.ing.nl) and they are available on the Group's website at
www.thunderbirdresorts.com. Copies are also available on SEDAR at www.SEDAR.com
and on the Euronext Amsterdam at www.euronext.com.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services,
focused on markets in Asia and Latin America. Our mission is to "create
extraordinary experiences for our guests." Additional information about the
Group is available on its World Wide Web site at www.thunderbirdresorts.com.
Cautionary Notice: The Half-year Report referred to in this release contains
certain forward-looking statements within the meaning of the securities laws and
regulations of various international, federal, and state jurisdictions. All
statements, other than statements of historical fact, included in the Half-year
Report, including without limitation, statements regarding potential revenue and
future plans and objectives of Thunderbird are forward-looking statements that
involve risk and uncertainties. There can be no assurances that such statements
will prove to be accurate and actual results could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from Thunderbird's forward-looking statements
include competitive pressures, unfavorable changes in regulatory structures, and
general risks associated with business, all of which are disclosed under the
heading "Risk Factors" and elsewhere in Thunderbird's documents filed from time-
to-time with the NYSE Euronext Amsterdam and other regulatory authorities.
Included in the Half-year Report are certain "non-IFRS financial measures",
which are measures of Thunderbird's historical or estimated future performance
that are different from measures calculated and presented in accordance with
IFRS, within the meaning of applicable Euronext Amsterdam rules, that are useful
to investors. These measures include (i) Property EBITDA consists of income from
operations before depreciation and amortization, write-downs, reserves and
recoveries, project development costs, corporate expenses, corporate management
fees, merger and integration costs, income/(losses) on interests in
nonconsolidated affiliates and amortization of intangible assets. Property
EBITDA is a supplemental financial measure we use to evaluate our country-level
operations. (ii) Adjusted EBITDA represents net earnings before interest
expense, income taxes, depreciation and amortization, equity in earnings of
affiliates, minority interests, development costs, and gain on refinancing and
discontinued operations. Adjusted EBITDA is a supplemental financial measure we
use to evaluate our overall operations. Property EBITDA and Adjusted EBITDA are
supplemental financial measures used by management, as well as industry
analysts, to evaluate our operations. However, Property and Adjusted EBITDA
should not be construed as an alternative to income from operations (as an
indicator of our operating performance) or to cash flows from operating
activities (as a measure of liquidity) as determined in accordance with
generally accepted accounting principles.
Contact Information
Contacts:
Thunderbird Resorts Inc.
Kevin McDonald
Investor Relations
(858) 668-2503
kevin.mcdonald(at)thunderbirdresorts.com
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
plesar(at)thunderbirdresorts.com
www.thunderbirdresorts.com
--- End of Message ---
Thunderbird Resorts Inc.
Calle Alberto Navarro El Cangrejo, Apartado Panama, Republic of Panama
Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thunderbird Resorts Inc. via Thomson Reuters ONE
[HUG#1543292]
Unternehmensinformation / Kurzprofil:
Datum: 31.08.2011 - 21:47 Uhr
Sprache: Deutsch
News-ID 61375
Anzahl Zeichen: 5662
contact information:
Town:
El Cangrejo, Apartado
Kategorie:
Business News
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