Thunderbird Resorts Inc.: 2013 Annual Report Filed
01 May 2014 - 6:30AM
Thunderbird Resorts Inc. / Thunderbird Resorts Inc.: 2013 Annual
Report Filed . Processed and transmitted by NASDAQ OMX Corporate
Solutions. The issuer is solely responsible for the content of this
announcement.
PANAMA, REPUBLIC OF PANAMA--(Marketwired - Apr 30,
2014) - Thunderbird Resorts Inc. ("Thunderbird") (EURONEXT: TBIRD)
(FRANKFURT: 4TR) is pleased to announce that its 2013 Annual Report
and Audited Consolidated Financial Statements have been filed with
the NYSE Euronext ("Euronext Amsterdam") and the Netherlands
Authority for Financial Markets ("AFM").
As a Designated Foreign Issuer with respect to
Canadian securities regulations, the Annual Report is intended to
comply with the rules and regulations set forth by the AFM and the
Euronext Amsterdam. Copies of the Annual Report in the English
language will be available at no cost at the Group's operational
office in Panama and at the offices of our local paying agent ING
CB CBS/SecServ/IS/PAS, Bijlmerplein 888, AMP L.02,007, 1102 MG
Amsterdam, the Netherlands (tel: +31 20 563 6619, fax: +31 20 563
6959, email: iss.pas@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 Latin America. Our
mission is to "create extraordinary experiences for our guests."
Additional information about the Group is available on its Website
at www.thunderbirdresorts.com.
Cautionary Notice: Cautionary Notice: The Annual
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 Annual 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 Annual 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 non-consolidated 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.
Peter LeSar
Chief Financial Officer
plesar@thunderbirdresorts.com
www.thunderbirdresorts.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Thunderbird Resorts Inc. via Globenewswire
HUG#1781969
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