Thunderbird Resorts Inc.: Annual Shareholder Meeting Results and May 2010 Revenue Report
On 4 June, 2010, at the Group's Annual General and Special Meeting of Shareholders held in San Jose, Costa Rica, Jack R. Mitchell, Albert W. Atallah, Salomon Guggenheim, Joaquin Daly, Douglas Vicari, Franz Winkler and Roberto de Ocampo were elected as Directors for one year terms.
Results of Annual Shareholder Meeting: Franz Winkler is a new member of the Board. The newly constituted Board and Management take this opportunity to thank Reto Heierli for his service on the Board. Grant Thornton UK, LLP, were-appointed as auditors for the ensuing year. A resolution to ratify and approve all previous acts and deeds by the Directors since the beginning of the last meeting of shareholders was approved.
Election of Officers: Thunderbird is pleased to announce that the Board of Directors appointed the following persons as officers of the Group for the ensuing year:
May 2010 Revenue: The Group reports the following revenues for May 2010:
- This table includes Panama operations that are reflected as discontinued operations in our consolidated financial statements (due to a possible sale that is pending)
- During the third quarter of 2008, the Group acquired a controlling interest in the entity that holds the Fiesta Casino Holiday Inn Express (formerly Garden Court) operation, and as a result began consolidating that operation at 100 percent beginning 1 September 2008. The balance of the Costa Rican operation is a joint venture of the Group and its results of operations are proportionally consolidated into the Group's financial statements, therefore the table above represents the Group's 50 percent share in all the operations other than the Holiday Inn Express property which is reported at 100 percent. The Group owns controlling interest in all other countries and accordingly sales are reported at 100 percent. For details of Group ownership at the country level please refer to the Group's Annual Report 2009.
ABOUT THE COMPANY
Thunderbird is an international provider of branded casino and hospitality services, focused on markets in Central and, South America, Southeast Asia and India.Â
