|By Marketwired .||
|January 7, 2013 12:45 AM EST||
PANAMA, REPUBLIC OF PANAMA -- (Marketwire) -- 01/07/13 -- Thunderbird Resorts Inc. ("Thunderbird" or "the Company") (FRANKFURT:4TR)(EURONEXT:TBIRD) is pleased to announce the following: Salomon Guggenheim was named President and CEO of the Company and will retain his position as Chairman of the Board of Directors. Mr. Guggenheim has worked closely with Management since 2002 when he first joined the company as director. Peter LeSar, who was appointed interim CEO and President in June 2012, will retain his position as CFO. By way of background, Salomon Guggenheim joined Gutzwiller & Partner Ltd., Zurich, a portfolio management company, where he was responsible for Investments and Trading. In 1991, Mr. Guggenheim gained control over Gutzwiller & Partner from E. Gutzwiller & Cie., Banquiers, Basle (a privately-held Swiss bank) together with the senior management of Gutzwiller & Partner, through a management buy-out and sold the company in 1997. Gutzwiller & Partner was renamed Rabo Investment Management Ltd., where Mr. Guggenheim worked as a Managing Director until December 2001. Since 2001 and up to 2012, he owned and operated his own company, IC Day Trading Consulting Corp., a Swiss corporation focused on the advisement of private individuals in portfolio management and daily trading activities in different markets worldwide. Mr. Guggenheim was also the Chief Executive Officer for Ecopowerstations Ltd., a Swiss corporation dealing with pollutant and emission-free wind power stations and that tenure ended in 2011 when the company was sold. Mr. Guggenheim currently serves in various companies as a board member including LB Swiss Investment LTD, Zurich, which specializes in the management of private label mutual funds, currently managing mutual funds with over $2 billion in assets (owned 100% by Frankfurter Bankgesellschaft (Swiss) Ltd., Zurich) and Simmen Wirth and Partners Inc, Zurich, a traditional Swiss independent public relations company, which specializes in corporate communications, investor relations and crisis management.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services, focused on markets in Asia and 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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