SAN ANTONIO, Jan. 19, 2005 (PRIMEZONE) -- Jaguar Resorts, Inc. (Pink Sheets:JGRT), a luxury resort development company with projects and plans in San Miguel de Allende, Mexico and the west coast of Costa Rica, announced today that it will be filing the necessary documents to obtain a listing on the OTC Bulletin Board. Jaguar Resorts, Inc. is a developer of luxury membership resort and spa properties in Latin America, primarily in Mexico and Central America. JGRT will develop properties in an alliance with a branded five star Resort Hotel and Spa operator and a separate marketing company.
Ben Gallagher, Vice President of the company said, "This listing will make our company much more visible and transparent. We will be fully reporting our financials, on a quarterly basis, with the Securities and Exchange Commission. This gives our stockholders much more confidence in our company's progress and potential. We are excited about this listing and feel that it is just part of the process to eventually list on a larger exchange."
Jaguar Resorts, Inc.'s mission is to be the leading developer of fractional interest resort properties throughout Latin America. 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.