SAN ANTONIO, Jan. 27, 2005 (PRIMEZONE) -- Jaguar Resorts, Inc. (Pink Sheets:JGRT), the luxury membership club and spa developer, is in the final stages of preparing its marketing program for a San Miguel de Allende, Mexico resort project. Recently the company received an extremely positive marketing report from Destination Club that cited, "San Miguel possesses the historic charm, consistently ideal climate and a multitude of shopping and dining opportunities for it to be one of the top resort areas in the world. There are a variety of vacation homes valued in excess of $1 million in and near San Miguel, but there are no homes that offer hotel amenities and services. San Miguel, in general, appears to possess the requisite attributes for a successful residence club."
The report also recommended an initial "club comprised of 16 haciendas with a four start condo hotel and spa. The haciendas would be sold through fractional interest marketing with two purchase options determined by market demand mix." Destination Club believes that, "ownership cab be sold in 1/10th interests at an average of $265,000." To date, Destination Club worldwide has $300,000,000 in sales and $1.1 Billion under contract for all of their projects.
Recently, an exciting historical discovery was made in San Miguel de Allende. It appears that about 1200BC an important Toltec Village was in existence in the region. In the long run, this will have an additional positive impact on tourism in the San Miguel region. The village is still in its investigative stages and certain environmental permits for many projects are in limbo. Ben Gallagher, the company's Vice President said, "We have been looking at sites in San Miguel for about 3 1/2 years and have identified three alternative locations that are turnkey in nature and would not cause any substantial delays in our marketing and construction efforts. We are excited about the Toltec discovery and want the village to be restored and become a part of the great San Miguel community."
For additional Information:
Corporate Contact: Ben Gallagher, Jaguar Resorts, Inc.,Telephone:210-824-2496,Fax: 210 824-3398
Investor Contact: American Financial Communications Inc. Telephone 510-597-4200, Fax 510-597-9897
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