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Press Release: Jaguar Resorts, Inc.
October 21, 2004
SAN ANTONIO, TX -- Jaguar Resorts, Inc. (OTC Pink Sheets: JGRT), a developer of luxury membership resort and spas,
today announced that "Destination Club Partners" (DCP) has issued a positive, preliminary marketing report
following a site evaluation of the Company's Alta Mira Resort & Spa located in San Miguel, Mexico.
A synopsis of DCP observations regarding their site evaluation and other pertinent information follows: San Miguel
possesses the historic charm, ideal climate and multitude of shopping and dining opportunities for dynamic marketing
literature. The Alta Mira development site is expansive and affords magnificent 360-degree views of lakes, mountains,
and the city. There are a variety of vacation homes valued in excess of $1 million in and near San Miguel. There
currently appears to be limited availability of new luxury homes in or close to downtown. There are currently no
homes that offer hotel amenities and services. San Miguel, in general, and Alta Mira, in particular, appears to
possess the requisite attributes for a successful residence club.
Jaguar Resort's (http://www.jaguar-resorts.com ) Alta
Mira Resort and Spa has plans for an 80-unit 5 Star Suite Hotel, a 40,000 square foot spa, 64 fee simple condominium
units and 60 one-acre haciendas. Pre-Sales are expected to commence by year-end. The Company's mission is to be
the leading developer of fractional interest in real estate resort properties throughout Latin America.
Bill Gallagher, President of Jaguar Resorts, stated, "This preliminary report by leading experts in the residential
club industry reaffirms our belief that our Alta Mira Resort has tremendous market and sales potential. We anticipate
a 10% market penetration in Phase I could generate $12.5 million in pre-sales."
DCP principals Michelle Mull and Steve Dering recently visited San Miguel de Allende. As a DCP principal, Ms. Mull
is responsible for financial forecasts, regulatory approvals, corporate and project accounting, administration
and human resources. She is the industry's most experienced professional in residence club financial forecasting,
obtaining development debt financing, and establishing residence club operating budgets and homeowners associations.
Mr. Dering is the lead development expert, evaluating potential club sites, conducting preliminary business discussions,
assessing project feasibility, formulating club membership parameters, and supervising club design and marketing
planning.
About Jaguar Resorts, Inc.
Jaguar Resorts, Inc., a developer of luxury resorts and spas focusing on Mexico and Central America, is led by
Clyde Culp who has served as CEO of Embassy Suites and COO of Holiday Inns. For more information, visit our corporate
website at http://www.jaguar-resorts.com .
For more information:
Corporate Contact: Ben Gallagher, Jaguar Resorts, Inc.,
Tele: 210.824.2496, Fax: 210.824.3398, jagcap@sbcglobal.net
Investor Contact: Richard Carpenter, American Financial Corp.,
Tele: 510.597.4200, Fax: 510.597.9897, afc@sbcglobal.net
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements.
Certain of the statements contained herein, which are not historical facts, are forward-looking statements with
respect to events, the occurrence of which involve risks and uncertainties. Any such forward-looking statements
may be impacted, either positively or negatively, by various factors. Information concerning potential factors
that could affect the Company is detailed from time to time in the Company's reports filed with the Securities
and Exchange Commission.
Source: Jaguar Resorts, Inc.