Myriad Appoints Jack Vaughn to Board of Directors.TUNICA tunica /tu·ni·ca/ (too´ni-kah) pl. tu´nicae [L.] a tunic; in anatomy, a general term for a membrane or other structure covering or lining a body part or organ. , Miss. -- Myriad Entertainment & Resorts, Inc., a Delaware corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : MYRA), today announced that Jack Vaughn has been appointed to the Company's Board of Directors on June 22, 2007. Mr. Vaughn, who is respected as one of the premier leaders in the hospitality and attractions industry, currently operates Tunica Hotels & Resorts, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which holds hotel management contracts and has offices in Nashville, Tennessee and Las Vegas, Nevada. Mr. Vaughn began his career with Westin Hotels; his last two responsibilities being general manager of the Continental Plaza in Chicago and the Century Plaza Hotel The Century Plaza Hotel in Los Angeles is a landmark 19-story luxury hotel forming a sweeping crescent design fronting the spectacular fountains on Avenue of the Stars adjacent to the twin Century Plaza Towers. in Los Angeles. He joined Opryland in 1975 with responsibility for the concept, design, construction and staffing of the Opryland Hotel and Convention Center. Having developed and operated what is now Gaylord Opryland, one of the most successful meeting and conventions hotels in the world, Mr. Vaughn retired as Chairman Emeritus of Opryland Hospitality Group in 2000. "We are extremely excited to bring someone of Jack's caliber into this organization," said John Meeske, Myriad's 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. . "Jack's experience in developing and operating several of the most successful meeting and convention hotels in the world and his commitment to Myriad's vision will be invaluable to helping us create Myriad Botanical Resort in Tunica, Mississippi." During his 40 year career, Mr. Vaughn has been recognized as an Independent Hotelier of the World and a Convention Liaison Council Hall of Leaders Inductee. He also received the Distinguished Service Award from the International Exhibitors Association. He holds honorary doctorate degrees from Johnson and Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. and Cumberland Universities and is a past board member of the Oklahoma State University Oklahoma State University, at Stillwater; land-grant and state supported; coeducational; chartered 1890, opened 1891 as Oklahoma Agricultural and Mechanical College, renamed 1957. and Tennessee State University Tennessee State University, at Nashville; coeducational; land-grant and state supported; est. 1912 as Tennessee Agriculture & Industrial State Normal School for Negroes; attained university status 1979. School of Hotel Administration. He has chaired AH&LA's Educational Institute and Resort Committee, served as Chief Delegate and Treasurer to the Convention Liaison Council, and chaired the nation's Trade Show Bureau. Mr. Vaughn also is a Trustee for life of the American Hotel Foundation. ABOUT MYRIAD ENTERTAINMENT AND RESORTS, INC. Myriad, owns, through its wholly-owned subsidiary, MER mer Among the Cheremi and Udmurt peoples of Russia, a sacred grove where people of several villages gathered periodically to hold religious festivals and sacrifice animals to nature gods. Resorts, Inc., a ninety-nine percent (99%) interest in Myriad World Resorts of Tunica, LLC, a Mississippi limited liability company ("Myriad-Tunica"). Myriad-Tunica's objective is to develop and build a $1.62 billion resort in Tunica, Mississippi. It is intended that the 500+ acre Myriad Botanical Resort will consist of a world-class destination resort centered on gaming, conventions, retail and attractions, and leisure real estate. The first phase of development calls for two casinos each with hotel, a major 600,000 square foot convention and exposition center with hotel, an 18 hole signature-design golf facility, a significant retail complex, a health club and spa, leisure real estate and attractions including botanical gardens, a water park, and an "Eye in the Sky" observatory. As part of a second phase of development, Myriad is exploring several additional attractions and up to four additional casinos. Myriad-Tunica has been granted development and gaming site approvals for the Tunica resort. For more information, see www.myriadentertainmentandresorts.com SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. ACT DISCLAIMER NOTICE "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in the Company's expectations or future events. |
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