Thunderbird Resorts Inc.
FRANKFURT : 4TR
EURONEXT : TBIRD

Thunderbird Resorts Inc.

March 11, 2015 15:21 ET

Thunderbird Resorts Inc.: February 2015 Revenue Report

PANAMA, REPUBLIC OF PANAMA--(Marketwired - March 11, 2015) - Thunderbird Resorts Inc. ("Thunderbird" or "Group") (EURONEXT:TBIRD)(FRANKFURT:4TR) reports the following revenues for February 2015. For a more detailed analysis of February 2015 revenue, please visit www.thunderbirdresorts.com and click on "February 2015 Revenue Report - Analysis" located on the home page under "News and Releases."

Group revenue on an as reported basis for February 2015 vs. February 2014.

Group-wide sales by country - as reported (unaudited, in millions)(1) February
2015
February
2014
Year-over-year
increase/(decrease)
Peru(2) $2.31 $2.30 0.43%
Nicaragua 1.01 1.00 1.00%
Total Consolidated Operating Revenues $3.32 $3.30 0.61%

Group revenue on a currency neutral basis for February 2014 vs. February 2013. In this analysis, we apply the average exchange rate for February 2015 to the February 2014 revenues in order to compare the two periods as if there was no impact from foreign exchange whatsoever.

Group-wide sales by country - currency neutral (unaudited, in millions)(1) February
2015
February
2014
Year-over-year
increase/(decrease)
Peru(2) $2.31 $2.13 8.45%
Nicaragua 1.01 0.95 6.32%
Total Consolidated Operating Revenues $3.32 $3.08 7.79%

1 Revenues reported are based on monthly average exchange rates, report same store revenues and are in USD millions. From month to month, exchange rate fluctuations could cause an impact on revenues as compared to the previous year.
2 2015 and 2014 revenues consist of all gaming revenue in the country plus revenue from our fully-owned Fiesta Hotel and management fees for the Thunderbird Hotel - Pardo, Thunderbird Hotel - Carrera and Thunderbird Hotel - El Pueblo, which are owned by third parties.

ABOUT THE COMPANY

We are an international provider of branded casino and hospitality services, focused on markets in Latin America. Our mission is to "create extraordinary experiences for our guests." Additional information about the Group is available at www.thunderbirdresorts.com.

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 AFM and other regulatory authorities.

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