SAN ANTONIO, April 1, 2005 (PRIMEZONE) -- Jaguar Resorts, Inc. (Pink Sheets:JGRT) -- In December, when the Alta Mira was planning to market the residence club, the Mexican government made information available that the property sat on a great national treasure: a 3200 year old Toltec ruin. Since then, the company has been negotiating with another group that owns existing infrastructure in San Miguel that will allow them to move more quickly in completing the planned resort, once the final terms and conditions are agreed upon.
Ben Gallagher, the company's Vice President said, "In addition to our San Miguel project we are currently holding negotiations for similar projects on the San Antonio River Walk, the Gulf Coast and the Caribbean and Costa Rica. Recently we have begun structuring potential acquisition plans, for some currently operating resorts in other areas that we feel are very exciting additions to our company."
Jaguar Resorts, Inc.'s mission is to be the leading developer of fractional interest resort properties throughout the Americas. The company has excellent Hotel and Spa relationships and a team in place to fully realize the company's strategic goals. Jaguar Resort's CEO Clyde Culp III's resume includes work as CEO of Embassy Suites and President of Holiday Inns and Harrah's.
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.