|Thunderbird Updates Projects
San Diego, CA,
International Thunderbird Gaming Corporation (TSE - INB) announces:
Venezuela Project Funded, Opening Early Q2 2001:
Strong Existing Operations in Panama, Guatemala and Mexico
In Guatemala, operations have also had a strong autumn season. Thunderbird continues its discussions with its local partner regarding plans for expansion in Guatemala.
Thunderbirdís first skill machine location in Matamoros, Mexico continues to perform very well. The 75 machines averaged $57 per day per machine for the month of December. Thunderbird is assessing market conditions and expects to increase the number of machines in Matamoros.
Shareholder Meetings in Minneapolis, Montreal, Toronto and Zurich
Jack Mitchell, President and CEO, and Alex Winch, Director and Investor Relations, will be traveling to update investors on the progress in building our gaming business in Mexico, Central and South America. We plan to be in Minneapolis on February 12th, Montreal on February 13th, Toronto on February 14th and Zurich on February 15th. Please contact Investor Relations for details of group meetings, or to request a one-on-one meeting. Our Q&Aís, distributed every two weeks by e-mail, continue to build our following with investors. Please e-mail investor relations (email@example.com) to be added to this distribution list.
International Thunderbird Gaming Corporation is an owner and manager of international gaming facilities. The Companyís shares trade on the Toronto Stock Exchange under the symbol INB. Additional information about the Company is available on its World Wide Web site at www.thunderbirdgaming.com.
On behalf of the Board of Directors
Jack R. Mitchell
Cautionary Notice: This release contains certain forward-looking statements within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential revenue and plans and objectives of the Company 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 Company'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 Company's documents filed from time-to-time with the TSE and other regulatory authorities.