International Thunderbird Gaming Corporation - Mexico Amparos Update.Business Editors SAN DIEGO--(BUSINESS WIRE)--Oct. 29, 2001 Thunderbird thunderbird In North American Indian mythology, a powerful spirit in the form of a bird that watered the earth and made vegetation grow. Lightning was believed to flash from its eyes or beak, and the beating of its wings was thought to represent rolling thunder. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :INB INB Inbound INB Internal Network Bus INB Intranodal Buffer INB Install Busy INB Input Buffer Control Block .) reports that the courts in Matamoros and in Reynosa granted the Company Amparo's to re-open the skill machine game operations. The Reynosa operation re-opened for business on October 26 and the Matamoros operation will be opened within days. The court in Nuevo Laredo Nuevo Laredo (nwā`vō lärā`thō), city (1990 pop. 218,413), Tamaulipas state, NE Mexico, across the Rio Grande from Laredo, Tex. denied Thunderbird's request for an Amparo, the Company appealed that ruling and lost on appeal. A trial to determine the "legality" of the Nuevo Laredo business will be heard on November 14, 2001. An "Amparo" is a provisional remedy provisional remedy n. a generic term for any temporary order of a court to protect a party from irreparable damage while a lawsuit or petition is pending. (See: interlocutory decree, temporary injunction) , which allows an operation to remain opened while a trial in the matter takes its course. Gobernacion and Thunderbird have rights to appeal the Amparo rulings, which may affect the timing of the re-opening of each facility. None of the Amparo rulings have addressed the merits of the cases, which will be determined through trials. The Company expects the court processes to be lengthy and will contest any negative rulings. International Thunderbird Gaming Corporation is an owner and manager of international gaming facilities. Additional information about the Company is available on its World Wide Web site at www.thunderbirdgaming.com. On behalf of the Board of Directors Jack R. Mitchell, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cautionary Notice: This release contains certain forward-looking statements within the meaning of section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential revenue and future plans and objectives of the Company 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 Company'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 Company's documents filed from time-to-time with the TSE and other regulatory authorities. |
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