Blackbird International Signs Letter of Intent to Acquire Controlling Interest in Mexican Casino
MONTREAL, Mar 22, 2011 -- Blackbird International Corp. (PINKSHEETS: BBRD) announced today that it has signed a letter of intent with Juegos De Mexicana S.A. to acquire 50% interest in a new casino license issued by the Mexican Federal authorities.
According to the letter of intent, Blackbird will own 50% interest in the casino and will manage its operation. The casino is fully licensed to operate electronic gaming terminals, bingo, keno, electronic card games, sports better and several others. The company expects to sign a definitive agreement on or before April 6, 2011.
"This potential agreement with Juegos De Mexicana will be our entry to our new business model," said Albert Baierle, President of Blackbird International Corp. "The revenues and profits from the management of such an operation will enable our expansion to other markets," further added Baierle.
Blackbird International Corp., has undergone a name and a business change; it was formerly named Blackbird Petroleum Corp. The company's core business is centered around casino operations and gaming. The company will set up, manage and acquire casinos and gaming ventures in North-America, the Caribbean as well as in East Europe.
About Blackbird International Corp.
Blackbird International Corporation is a publicly traded casino and gaming room operator, seeking to expand its operations in North America, Caribbean and East Europe. The company's stock trades on the Pinksheets market under symbol BBRD.
Important Information Forward-Looking Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on the Company's website does not constitute a part of this release.
ALBERT HAROLD BAIERLE, PRES.
SOURCE: Blackbird International Corporation