NASHVILLE, TN, Apr 09, 2012 (MARKETWIRE via COMTEX) -- DHS Holding Company (pinksheets:DHSM) CEO Mike Rohling announces that DHS Holding Company is submitting documentation to secure an online gaming license in Belize.
In his letter to DHS Holding Company, dated March 2, 2012, Honorable Erwin Contreras, Minister of Economic Development, Belize, stated, "It is my feeling that Belize will look very favorably toward an approval of this license, subject to a final review of your business plan and supporting documentation."
Mr. Rohling stated, "Despite the online gaming ban in the U.S., online gaming is still a $144 billion a year business worldwide, and is expected to grow 7% annually. DHS Holding Company intends on capturing a portion of the market share as we expand on our interest in the gaming market."
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to increase revenue and profits in the current economic climate; the effect of changing economic conditions; inability to manage growth; and changes in government regulations, controls and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should," or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
This purchase is the first step toward the development of "Cenote Falls", a multi-million-dollar Hotel, Casino and Shopping Center.
The Cenote Falls complex will include one of the best retail shopping centers in Central America. Family friendly restaurants and activities will complement the 50,000 square foot hotel and casino.
Attached to the property is a 14 acre Cenote.
The cenote is located southwest of the site and
is the inspiration for the name of the complex,
Cenote Falls, Hotel, Casino & Shopping Center.
Source: DHS Holding Co.