Intertain Updates and Increases 2015 Full Year Financial Guidance
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 01/11/16 -- The Intertain Group Limited ("Intertain" or the "Company") (TSX: IT)(OTCQX: ITTNF) today announced that it expects to exceed previously reported guidance for its fiscal year ending December 31, 2015.
Intertain''s updated guidance is as follows:
"These changes to our 2015 guidance reflect the solid and consistent growth across our combined businesses," said John Kennedy FitzGerald, President and CEO of Intertain. "The Company continues to generate strong cash flow from operations and we are excited about the future. I want to thank our dedicated team who have helped us to surpass our guidance this year."
About The Intertain Group Limited
Intertain is an online gaming holding company that, through its operating subsidiaries, provides entertainment to global consumer base in which such subsidiaries operate. Intertain currently offers bingo-led gaming and casino to its customers using the InterCasino , Costa , Vera&John , Jackpotjoy and jackpotjoy.se, and Botemania brands. For more information about Intertain, please visit .
Disclaimer in Regards to Forward-Looking Statements and Non-IFRS Financial Measures
Certain statements included herein, including those that express management''s expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws, including, without limitation, our statements as to guidance regarding total revenues, total adjusted net income and total adjusted diluted income. The purpose of the guidance provided herein is to enhance our disclosure and assist in understanding our expected and targeted financial results, and this information may not be appropriate for other purposes. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The additional key assumptions that the Company has made in connection with the forward-looking statements is that the Company will be able to successfully integrate and realize the benefits of its completed acquisitions. Investors are cautioned not to put undue reliance on forward-looking statements. Events or circumstances that could cause the actual results to differ materially from those in the forward-looking statements include general economic, business and market conditions, foreign exchange rates, governmental and regulatory actions, including changes in law or in the interpretation of laws relating to online gaming. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Additional information identifying risks and uncertainties is contained in Intertain''s filings with the Canadian securities regulators, including its annual information form dated March 31, 2015, available at .
This release contains non-IFRS financial measures and are noted where used. These financial measures are commonly used to compare companies and management believes they are important measures in evaluating Intertain. However, they are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS. Therefore, they may not be comparable to similar measures presented by other issuers. Investors are cautioned that such measures should not be construed as alternatives to comparable IFRS measures determined in accordance with IFRS.
Contacts:
The Intertain Group Limited
Amanda Brewer
Vice President, Corporate Communications
+1 416 720-8150
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Datum: 11.01.2016 - 06:30 Uhr
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News-ID 1408106
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