SAN ANTONIO, Dec. 20, 2004 (PRIMEZONE) -- On Thursday of last week Jaguar Resorts, Inc. (Pink Sheets:JGRT) reported inaccurately that Regent International Hotels would be its new principal flag for its luxury condominium-hotel, residence club and spa resort in San Miguel de Allende, Mexico. Although the company is in negotiations with more than one luxury resort flag, it has not received or made any commitment to Regent or any other luxury flag.
The company's plan is to begin marketing its membership resort properties and spa memberships early next year. Prior to that event, the company will enter into final license and management agreements with a well-known luxury resort management company; probably on a joint venture basis.
For additional Information:
Corporate Contact: Ben Gallagher, Jaguar Resorts, Inc., Telephone :210-824-2496,Fax: 210 824-3398, Email Jagcap@sbcglobal.net Investor Contact: American Financial Communications Inc. Telephone 510-597-4200, Fax 510-597-9897, Email: afc@sbcglobal.net
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by the Company or on its behalf. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. Important factors that could cause the actual results of operations or financial condition of the Company to differ include, but are not necessarily limited to, the Company's operating performance, events, or developments that the Company expects or anticipates may occur in the future are forward-looking statements. These statements are made on the basis of management's views and assumptions; as a result, there can be no assurance that management's expectations will necessarily come to pass. Management cautions that ability to attract clients and generate business; a decline in the Company's financial ratings; the competitive environment; the Company's ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company's continuing operations; and changes in market conditions.