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Press Release: Choctaw Resort Development Enterprise
October 28, 2004
CHOCTAW, MS -- Choctaw Resort Development Enterprise (the "Enterprise"), a business enterprise of The
Mississippi Band of Choctaw Indians, a federally recognized Indian Tribe (the "Tribe"), announced today
the commencement of an offering of $150 million of Senior Notes due 2019 in a private placement. Net proceeds from
the offering will be used to repay a portion of the outstanding indebtedness under the Enterprise's existing credit
facility, repurchase a portion of any of the Enterprise's outstanding 9 1/4% Senior Notes due 2009 that have been
tendered in connection with its tender offer and pay tender premiums, transaction fees and related expenses.
The notes are being sold in the United States to qualified institutional buyers in reliance on Rule 144A, and outside
the United States in compliance with Regulation S, under the Securities Act of 1933, as amended. These notes have
not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered
or sold in the United States absent registration or an applicable exemption from registration requirements. This
announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall
not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
Company Information
The Mississippi Band of Choctaw Indians established the Choctaw Resort Development Enterprise to operate the Silver
Star Hotel and Casino and to develop and operate the Golden Moon Hotel and Casino. The Enterprise markets the Silver
Star and the Golden Moon, together with related amenities, as the Pearl River Resort. The Pearl River Resort is
located on the Tribe's 35,000 acre reservation situated primarily in east central Mississippi.
Forward Looking Statements
Certain information included in this release and other materials filed or to be filed by the Enterprise with the
Securities and Exchange Commission contains forward-looking statements, within the meaning of Section 21E of the
Securities Exchange Act of 1934. Such statements include information relating to plans for future expansion and
other business development activities as well as other capital spending, financing sources and the effects of regulation
(including gaming and tax regulation) and competition. Such forward-looking information involves important risks
and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results
may differ from those expressed in any forward-looking statements made by or on behalf of the Enterprise. These
risks and uncertainties include, but are not limited to, those relating to development and construction activities,
dependence on existing management, leverage and debt service, domestic or global economic conditions, pending litigation,
changes in federal tax laws or the administration of such laws and changes in gaming laws or regulations (including
the legalization of gaming in certain jurisdictions).
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Contact:
Choctaw Resort Development Enterprise
Creda Stewart, 601-650-1537
Fax: 601-650-3684
cstewart@choctaw.org
or
The Lee Strategy Group, Inc.
James Lee, 310-229-5771 (Investor Relations)
Fax: 310-229-5772
jlee@leestrategy.com
Source: Choctaw Resort Development Enterprise