NEW PORT RICHEY, Fla., Nov. 20, 2006 (PRIMEZONE) -- Turquoise Development, Inc. (Pink Sheets:TQDC) announced that Carib Gaming, the largest gaming operator on the Turks and Caicos Islands, is slated to open its new casino-style slot parlor on December 8, 2006. Turquoise Development owns a 25% stake in Carib Gaming.
Carib Gaming will now offer casino style games such as Black Jack, Roulette and Poker as well as traditional slot machines, as it currently offers in 23 locations on the Turks and Caicos Islands. "This new and unique entertainment is just what is needed in this fast growing tourist destination. We strongly feel that this expansion will be a driver towards further revenue growth," remarked Turquoise president Jason Gin.
This news release contains forward-looking statements regarding Turquoise's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and Turquoise disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Turquoise's expectations or future events.