Pigs may yet fly
Todays news.
Anyone live in the Blackhawk area to confirm this?
They say the site has been cleared.
Who would be crazy enough to give these guys more cash?
(PS) the typos in the press release are not mine.
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Country World Casinos, Inc. Signs Engagement Agreement With U.S. Bancorp Libra to Fund Its
Black Hawk Casino and Entertainment Complex
Business Wire - February 24, 1999 08:07
BALA CYNWYD, Pa.--(BUSINESS WIRE)--Feb. 24, 1999--Country World Casinos, Inc. (OTC Listed: CWRC); today announced the signing of an
engagement agreement with U.S. BANCORP LIBRA ( NYSE Listed: USB ) to act as the Company's Financial Advisor and Placement Agent in connection
with the issuance and sale of First Mortgage Debt Securities sufficient to build the Company's planned parking garage, bus facility, entertainment and casino
complex at this time. Provisions have been designed into the project, to add a 200 room hotel atop the casino complex at a later date.
Colorado Gaming Development Co., Inc. in conjunction with Semple Brown Roberts, PC., architect, are charged with completing the design and
development of the project and PCL Construction Services, Inc. will build the project under a fixed price agreement. The Company will announce its choice
of a Gaming Management Company within the next 30 to 60 days and a construction schedule will be forthcoming shortly following funding of the debt
securities.
William H. Patrowicz, secretary of Country World Casinos, Inc. stated, "We are thoroughly pleased to finally be able to make this announcement and begin
the process of building this project. With the property excavated, EPA cleaned and certified and the design mostly complete, we can now set our sites on
completing the remaining tasks at hand, develop a construction schedule and determine an opening date. We are especially pleased with the development,
design and construction team assembled as they have vast knowledge of the gaming industry in their respective fields and are well experienced in Black Hawk
and its requirements."
Country World Casinos, Inc., headquartered in Bala Cynwyd, Pa., is an OTC listed company whose plan is to develop and build a casino and entertainment
complex which will include 1000 state-of-the-art slot machines, 32 gaming tables, fine dining, entertainment, valet and self parking for approximately
1000 cars and bus facilities at Black Hawk, Colorado. The second phase of the project includes approximately 200 hotel rooms complete with gym and pool
facilities.
This press release contains foward looking statements. All foward looking statements involve risk and uncertainties, including, without limitation, the
risks detailed in the Company's filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or
results may differ materially from those projected.
CONTACT: Country World Casinos, Inc.
William H. Patrowicz, Secretary, 610/617-9990
Fax: 610/617-7299 |
