GFAM Announces New Theme Park Acquisition
12 Março 2008 - 7:30AM
PR Newswire (US)
SANTA MONICA, Calif., March 12 /PRNewswire-FirstCall/ -- Great
American Family Parks, Inc. (OTC:GFAM) (BULLETIN BOARD: GFAM) today
announced that it has acquired Animal Paradise LLC, a ride-through
wild animal park just a few minutes from Springfield, Missouri.
Animal Paradise is expected to add almost $2.5 million in total
asset to GFAM. In the first full year of GFAM's management, Animal
Paradise is expected to generate over $1 million in revenues.
Annual revenues are expected to rise to over $2.5 million by 2012.
Animal Paradise, near Springfield Missouri, offers visitors
face-to-face interaction with exotic animals as well as food and
shopping opportunities. The theme park has 250 acres of property in
the Ozark mountains. A full-featured petting zoo offers full
interaction with friendly animals. Larry Eastland, Founder and CEO
of Great American Family Parks, said, "This park is an excellent
complement to Wild Animal Safari, our existing theme park near
Atlanta. The Missouri park will be upgraded to the standards of
GFAM's Wild Animal Safari by re-stocking the animal exhibits and
bringing in professional park and animal professionals as well as
design and growth specialists. There is tremendous revenue and
growth potential as we use our expertise to redevelop this
property." The acquisition of Animal Paradise was made through
equity and debt, with no external financing needed. The theme park
was acquired from Arbuckly ad Ozarks Development Company. About the
Springfield, Missouri Area Animal Paradise is located in Strafford,
Missouri near Springfield. It operates from March through December
of each year. Springfield is the third largest city in Missouri and
serves as the gateway to Branson, Missouri, a very popular
destination for tourists. Springfield is widely known as "The
Birthplace of Route 66". Branson is known as the "Family-friendly
Las Vegas" and attracts millions of tourists each year. GFAM will
make concerted efforts to attract a portion of the market driving
to Branson to come to the Animal Paradise park for the day. The
area is also home to the popular Lake of the Ozarks state park,
which attracts over 3 million visitors each year. About Great
American Family Parks, Inc. Great American Family Parks, Inc.
("GFAM") is a theme park acquisition, management and staffing
company based in Santa Monica, CA. Comprised of nationally known
amusement park experts and management specialists, GFAM has the
goal of acquiring small and medium-sized theme parks, instilling an
efficient management system, streamlining and managing staffing,
and generating industry-leading profits. GFAM will operate as two
main divisions: Park Staffing Services and the theme park division.
It is the intent of GFAM's theme park division to continue
acquiring additional regional theme parks around the nation. PSS
will run all staffing needs of the theme parks as well as generate
revenues from its existing temporary staffing services. Safe Harbor
Statement Under The Private Securities Litigation Reform Act of
1995: Except for historical information contained herein, the
statements in this news release are forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Act of 1995. Forward-looking statements involve known
and unknown risks and uncertainties, which may cause a company's
actual results, performance and achievement in the future to differ
materially from forecasted results, performance, and achievement.
These risks and uncertainties are described in the Company's
periodic filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly release the results of
any revisions to these forward-looking statements that may be made
to reflect events or circumstances after the date hereof, or to
reflect the occurrence of unanticipated events or changes in the
Company's plans or expectation. DATASOURCE: Great American Family
Parks, Inc. CONTACT: Ashley Hull of ProPublic Media, LLC., , for
Great American Family Parks, Inc.
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