OAKVILLE, Ontario, April 30, 2012 /PRNewswire/ -- BLACKBIRD INTERNATIONAL CORPORATION (PINKSHEETS: BBRD) Blackbird International Corporation is pleased to announce an exclusive agreement to build and operate a 60,000 square foot Casino in the town of Rio Hato, Panama. This is a rapidly growing holiday destination with a myriad of existing hotels and resorts in the area bordering a pristine beach environment. In addition to the general population, the Casino is expected to cater to the adjacent 300 holiday villas at the Pacific Ocean Resort as well as to the 4 luxury hotels within a 3 mile shuttle drive.
The area is the fastest growing sector in the already rapidly developing country of Panama.
"The new Blackbird Rio Hato Casino, is a tremendous opportunity for our company, and we expect to announce ground breaking within the next 90 days and to be fully operational in 2013," says Lee Rector Blackbird's EVP. This casino should open about 6 months after the one to be set up in Mexico.
About Blackbird International Corporation
Blackbird is in the business of developing and implementing software both in the gaming industry as well as in the field of supply chain management . It develops products and provides the installation and the services required by many Fortune 500 clients. Among its clientele for its technology and services include Fosters Beer (Australia), Nestle, Coke Cola, MainFreight (Australia). It is in an acquisition mode in order rapidly become a major firm in this lucrative global market.
Furthermore, the company is setting up and operating casinos and gaming centers in North America, the Caribbean and East Europe. Its first site shall be in Queretaro, Mexico. The Company has a letter of intent with Juegos De Mexicana by which it will own 50% interest in the casino and will manage its operations. The casino will be fully licensed to operate electronic gaming terminals, bingo, keno, electronic card games, sports better and several others. The Company shall use its expertise and software to install and manage the electronic gaming equipment in the casinos.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
SOURCE Blackbird International Corporation