Message #7 From:
NewsBot Date: March 13, 2007 07:30:00 AM
MYRA News Myriad Entertainment & Resorts, Inc. Appoints Robert M. Leahy as Executive Vice President of Finance
MEMPHIS, Tenn.--(BUSINESS WIRE)--Myriad Entertainment and Resorts, Inc., a Delaware corporation (OTCBB: MYRA), today announced that it has appointed Robert M. Leahy as its Executive Vice President of Finance. Prior to joining Myriad, Mr. Leahy served as vice president and director of Process Improvement and Reengineering for Kerzner International Resorts, Atlantis Resort and Casino.
Mr. Leahy, a successful business leader with more than 20 years of financial experience, will continue to develop and execute financial strategies to support the Company’s new business plan, which focuses Myriad’s current efforts and resources on the development of the Myriad Botanical Resort in Tunica County, Mississippi.
“As we continue our efforts to develop a $1.6 billion world-class, destination resort, we recognize the importance of tapping seasoned professionals from the resort and gaming industries to join the Myriad team,” stated John Meeske, CEO of Myriad Entertainment & Resorts, Inc. “Rob’s impressive track record with Kerzner, his extensive expertise in core business functions including finance, information technology, process improvement and re-engineering, and his deep understanding of the industry will bring important experience and innovation to our financial operation.”
Throughout his career, Mr. Leahy has effectively built and led development and redesign teams, rolling out policies and procedures designed to maximize corporate efficiencies and customer satisfaction. In 1997, he joined Kerzner International Resorts, Atlantis Resort and Casino, located in Plantation, Florida as an IT Decision Support System Manager and Decision Support System Analyst. Upon being promoted to Director of Accounting and Director of Operational Analyses in 1998, he managed financial reporting, accounts payable, accounts receivable, payroll and operational projects. In 1999, he was promoted to Vice President of Finance - Atlantis Resort & Casino; he structured, managed and developed a department of 105 full-time employees, including general ledger, accounts payable, accounts receivable, payroll, cost control and receiving; managed revenue of $375 million and earnings before interest, tax, depreciation and amortization of $130 million. From 2001 to 2006, Mr. Leahy served as Vice President and Director of Process Improvement and Reengineering leading key corporate improvement projects including Sarbanes-Oxley Compliance for IT, Business Infrastructure Process Improvement (telecommunications), and a Customer Relationship Management System (CRM) selection project.
ABOUT MYRIAD ENTERTAINMENT AND RESORTS, INC.
Myriad, owns, through its wholly-owned subsidiary, MER Resorts, Inc., a ninety-nine percent (99%) interest in Myriad World Resorts of Tunica, LLC, a Mississippi limited liability company ("Myriad-Tunica"). Myriad-Tunica's objective is to develop and build a $1.62 billion resort in Tunica, Mississippi. It is intended that the 500+ acre Myriad Botanical Resort will consist of a world-class destination resort centered on gaming, conventions, retail and attractions, and leisure real estate. The first phase of development calls for two casinos each with hotel, a major 600,000 square foot convention and exposition center with hotel, an 18 hole signature-design golf facility, a significant retail complex, a health club and spa, leisure real estate and attractions including botanical gardens, a water park, and an “Eye in the Sky” observatory. As part of a second phase of development, Myriad is exploring several additional attractions and up to four additional casinos. Myriad-Tunica has been granted development and gaming site approvals for the Tunica resort.
SAFE HARBOR ACT DISCLAIMER NOTICE
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in the Company’s expectations or future events.
