September 2015 Revenue Report; Reduction of Group Debt; CEO Purchases Shares of Thunderbird Resorts Inc.
16 10월 2015 - 6:33AM
Thunderbird Resorts Inc. / September 2015 Revenue Report;
Reduction of Group Debt; CEO Purchases Shares of Thunderbird
Resorts Inc. . Processed and transmitted by NASDAQ OMX Corporate
Solutions. The issuer is solely responsible for the content of this
announcement.
PANAMA, REPUBLIC OF PANAMA--(Marketwired - Oct 15,
2015) - Thunderbird Resorts Inc. ("Thunderbird" or "Group")
(EURONEXT: TBIRD)(FRANKFURT: 4TR) reports the following revenues
for September 2015. For a more detailed analysis of September 2015
revenue, please visit www.thunderbirdresorts.com and click on
"September 2015 Revenue Report - Analysis" located on the home page
under "News and Releases."
Group revenue on as reported basis for September
2015 vs. September 2014.
Thunderbird Resorts Inc. -
Group-wide sales results by country - as reported
(unaudited, in millions)(1) |
September
2015 |
September
2014 |
Year-over-year
increase/(decrease) |
|
Peru(2) |
$ |
2.20 |
$ |
2.48 |
-11.29 |
% |
Nicaragua |
|
1.24 |
|
1.16 |
6.90 |
% |
Total Consolidated Operating
Revenues |
$ |
3.44 |
$ |
3.64 |
-5.49 |
% |
(1) Revenues reported are based on monthly average
exchange rates, are same store and are in USD millions.
(2) Revenues are generated primarily from gaming, and secondarily
from our fully-owned Fiesta Hotel and from 2 hotels under
management.
Important Note on Forex: The strengthening of the
US dollar versus our operating currencies continues to have a
material impact on our business as compared to the same period in
2014. Under a currency neutral analysis (in which the same exchange
rate would be applied to both periods), Group revenue would have
grown by $120 thousand or 3.61%; Peru revenue would have reduced by
only $20 thousand or -0.90%; and Nicaragua revenue would have grown
by $140 thousand or 12.73%.
REDUCTION OF GROUP DEBT
The Company is pleased to announce that it has
recently reduced the debt balance owed to a single lender from
approximately $3.4 million to $600 thousand, for a gross debt
reduction of $2.8 million and one-time gain to the Group of $2.9
million. Gross debt balances forecast for the end of October 2015
are preliminarily estimated at $33 million.
CEO PURCHASES GROUP SHARES
The Company is pleased to announce that its
President and CEO, Salomon Guggenheim, has recently purchased
85,000 shares in the Company to bring his share ownership in the
Company to 4.7% of the total outstanding shares.
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 at
www.thunderbirdresorts.com.
Cautionary Notice: 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 herein, including without limitation, statements
regarding potential revenue and future plans and objectives of the
Group 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 the Group'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 the Group's documents filed
from time-to-time with the AFM and other regulatory
authorities.
Contacts:
Thunderbird Resorts Inc.
Peter LeSar
Chief Financial Officer
(507) 223-1234
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#1959273
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