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Trump Entertainment Resorts to Begin Trading on The NASDAQ Stock Market on September 20th; Company to Ring Opening Bell at Commencement of Trading
Business Wire, Sept 19, 2005
ATLANTIC CITY, N.J. -- Trump Entertainment Resorts, Inc. (OTCBB: DJTE.OB) (the "Company") announced today that the Company's Common Stock will commence trading on The NASDAQ Stock Market when the market opens on Tuesday, September 20, 2005 under the new symbol "TRMP." Certain senior members of the Company's management team and members of the Company's Board of Directors, including Donald J. Trump, the Company's Chairman, will mark the commencement of trading by ringing the opening bell at 9:30 A.M. (Eastern) on Tuesday.
To view the opening ceremony on the internet, go to http://www.nasdaq.com/reference/marketsite_about.stm and click on "MarketSite Web Cam" at the bottom part of the webpage.
Donald J. Trump stated, "The listing of our common stock on NASDAQ marks not only the formal end to our successful recapitalization expeditiously completed this past May, but also the beginning of our Company's bright new future. I join the rest of the Company's management team and Board of Directors in their enthusiasm regarding our listing on The NASDAQ Stock Market. We believe that our listing on NASDAQ will provide our stockholders with a more efficient and liquid trading market, as well as broaden our base of potential investors and increase our visibility in the financial community."
The Company's Class A Warrants issued in connection with the Company's recapitalization will continue to be traded in the Over-the-Counter Market under the symbol "DJTEW.PK."
About Our Company:
Trump Entertainment Resorts, Inc. is a leading gaming company that owns and operates four properties. The Company's assets include Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino, located on the Boardwalk in Atlantic City, New Jersey, Trump Marina Hotel Casino, located in Atlantic City's Marina District, and the Trump Casino Hotel, a riverboat casino located in Gary, Indiana. Together, the properties comprise approximately 371,300 square feet of gaming space and 3,180 hotel rooms and suites. The Company is the sole vehicle through which Donald J. Trump conducts gaming activities and strives to provide customers with outstanding casino resort and entertainment experiences consistent with the Donald J. Trump standard of excellence. Trump Entertainment Resorts, Inc. is separate and distinct from Mr. Trump's real estate and other holdings.
PSLRA Safe Harbor for Forward-Looking Statements and Additional Available Information
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
All statements, trend analysis and other information contained in this release relative to the Company's or its subsidiaries' performance, trends in the Company's or its subsidiaries' operations or financial results, plans, expectations, estimates and beliefs, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. In connection with certain forward-looking statements contained in this release and those that may be made in the future by or on behalf of Trump Entertainment Resorts, Inc., the Company notes that there are various factors that could cause actual results to differ materially from those set forth in any such forward-looking statements. The forward-looking statements contained in this release were prepared by management and are qualified by, and subject to, significant business, economic, competitive, regulatory and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of the Company. Accordingly, there can be no assurance that the forward-looking statements contained in this release will be realized or that actual results will not be significantly higher or lower. The forward-looking statements in this release reflect the opinion of the Company's management as of the date of this release. Readers are hereby advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time or other factors beyond the control of the Company. The Company does not intend, however, to update the guidance provided herein prior to its next release or unless otherwise required to do so. Readers of this release should consider these facts in evaluating the information contained herein. In addition, the business and operations of the Company are subject to substantial risks, including, but not limited to risks relating to liquidity and cash flows, which increase the uncertainty inherent in the forward-looking statements contained in this release. The inclusion of the forward-looking statements contained in this release should not be regarded as a representation by the Company or any other person that the forward-looking statements contained in the release will be achieved. In light of the foregoing, readers of this release are cautioned not to place undue reliance on the forward-looking statements contained herein.
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