Thunderbird Resorts Inc.

Thunderbird Resorts Inc.

October 05, 2009 18:16 ET

Thunderbird Resorts Inc.: Follow Up to Beneficial Press Release of 5 October 2009

PANAMA, REPUBLIC OF PANAMA--(Marketwire - Oct. 5, 2009) - Thunderbird Resorts Inc. (FRANKFURT:4TR)(EURONEXT:TBIRD) reports the following: On 8 September 2009, Thunderbird Resorts Inc. ("Thunderbird" or "the Group") reported it received a copy of an unsolicited letter ("the BHI Letter") from Beneficial Holdings, Inc. ("BHI") dated 1 September 2009. The BHI Letter purported to be an offer to purchase a majority of Thunderbird's outstanding shares of common stock.

Despite BHI stating in press releases dated 10 September 2009 and 16 September 2009 that it was "moving forward to begin discussions with TBIRD" and that "it fully intends to engage TBIRD with an attempt at mutually beneficial discussions", since the 8 September 2009 BHI Letter, Thunderbird has not received any additional communication from BHI and never received any information establishing either the credibility of the offer or BHI's compliance with applicable laws.

On 5 October 2009, it was reported in a press release issued by BHI that BHI was not going to submit a tender offer for Thunderbird shares to the Netherlands Authority for the Financial Markets for approval.

We are an international provider of branded casino and hospitality services, focused on markets in Central and South America, Southeast Asia and India. Our mission is to "create extraordinary experiences for our guests". Additional information about the Group is available on its World Wide Web site at

Cautionary Notice: This release contains certain forward-looking statements within the meaning of the securities laws and regulations of various international, federal, and state jurisdictions. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential revenue and future plans and objectives of the Group are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Group's forward-looking statements include competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, all of which are disclosed under the heading "Risk Factors" and elsewhere in the Group's documents filed from time-to-time with the NYSE Euronext Amsterdam and other regulatory authorities.

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