OAKVILLE, Ontario, March 16, 2012 /PRNewswire/ -- BLACKBIRD INTERNATIONAL CORPORATION (PINKSHEETS: BBRD) announces its current goal of completing the acquisitions of fully operating and revenue producing companies in niche markets within the technology sector.
This will add to its current operations in the field of setting up small to medium size casinos that are supported by state of the art electronic management and gaming systems in North America, Mexico, the Caribbean and South America. Most, if not all, its operations will be in partnership with the local governments.
The casinos will be fully licensed to operate electronic gaming terminals, bingo, keno, electronic card games and sports betting. All current management and gaming equipment are electronic in order to satisfy the regulations of the Mexican central government.
In the summer of 2012 Blackbird shall implement the first of a series of casinos in Central Mexico in the city of Queretaro. The cash flow from these enterprises shall give the Company and its shareholders great value. It will be active in a billion dollar industry in Mexico alone and which global accounting firms state will double in the next 3-4 years with the advent of these organized legal gaming facilities. "Total revenues from our Leisure and Entertainment division are expected to reach $50 million by the end of 2013," stated Lee Rector Blackbird's EVP.
Blackbird , is also committed to strengthen its capabilities in the field of technology and related business services. Over the next 12 months it shall develop its "Technology and Business Services'' division into a major revenue contributor. To facilitate this strategy Blackbird has acquired Insight Group Technologies Inc (www.insight-holdings.com) to become the initial catalyst of the division. Insight Group is an industry leader in the design and the implementation of supply chain planning and its execution. It created, developed and brought to market a unique optimization product for warehousing known as DC Expert. This product is quickly becoming an industry leader for professional logistics organizations and operators. DC Expert is incorporated by many Fortune 500 companies, not only in North America, but across the globe. Among its global list of customers for its products and services are many "Blue Chip" companies such as Nestle, Unilever, Nissin, 3M, Moen, Fosters Beer (Australia).
Blackbird now offers an Enterprise Warehouse Management System and Transport Planning System which are mission critical transaction based solutions.
Blackbird is now active in acquiring several international firms in this niche market and which revenues expected to exceed $5M in its first year of operation. The Company has set its goals in becoming a major developer and supplier of leading edge technology and ancillary products.
About Blackbird International Corporation
Blackbird is in the business of developing and implementing software both in the gaming and leisure industry as well as in the field of supply chain management. It develops products and provides the installation and the services required by many Fortune 500 clients. It is in an acquisition mode in order rapidly become a major firm in this lucrative global market.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
SOURCE Blackbird International Corporation