BOISE, Idaho, July 14 /PRNewswire-FirstCall/ -- Great American Family
Parks, Inc. (OTC: GFAM), a company focused on developing profitable regional
theme parks in the U.S., announced today the purchase of two Noble Roman's(R)
franchises, Noble Roman's Pizza and Tuscano's Italian Style Subs, specializing
in food service operations. The Noble Roman's franchise purchase provides
Great American Family Parks with a national food chain to expand its existing
concessions business. Wild Animal Safari Inc., and other potential future
acquisitions by the Company will be accommodated with Noble Roman's services.
Dr. Larry Eastland, President of Great American Family Parks, stated,
"Although revenues can be driven from admission sales, the park industry is
unique in that the highest margins and revenues stem from the sale of
concessions. Noble Roman's name as a branded food concessions has been found
to beat generic concessions in almost every instance, often outselling
previous food stands in the same spot by three-, four- or five-fold. (source:
Chris Bigelow, International Association of Amusement Parks & Attractions
convention). With 30 years of experience and reputation in the food service
industry, the Noble Roman's name will be a valuable asset to our theme parks,
strengthening our brand equity with the potential to build-out our existing
concessions and revenue streams."
About Noble Roman's
Noble Roman's engages in the sale and service of franchises for
non-traditional and co-branded foodservice operations, specializing in pizza
focused food service. The company's franchises are found in various
locations, such as military bases, universities, convenience stores,
entertainment facilities, vacation resorts, casinos, airports, travel plazas,
hotels, and restaurants. Since 1997, they have awarded approximately
1,250 non-traditional and co-branded franchises across the country and
overseas. For more information, visit: http://www.nobleromans.com/.
About Great American Family Parks
Great American Family Parks is focused on buying and managing profitable
regional theme parks and themed amusement attractions in the United States.
By building a family of parks each with up to 1 million annual attendees, GFAM
is in the process of developing a series of compatible, yet distinct
entertainment and amusement products, including themed amusement parks,
associated products, food and beverage, and multimedia offerings.
Regional theme parks are a relatively recession-proof growth market.
Nationwide, regional park attendance is projected to bring collective
attendance to 263.8 million by 2007. Overall revenues for America's regional
theme parks are expected to total $8.31 billion within five years. (source:
Price Waterhouse Coopers) For more information, visit
http://www.weloveparks.com. Investors should visit http://www.otcfn.com/gfam.
For more information, please contact Rick McCaffrey, Investor Relations,
OTC Financial Network, 781-444-6100x625, rick@otcfn.com. Also visit
http://www.otcfn.com/gfam.
Safe Harbor Statement Under The Private Securities Litigation Reform Act
of 1995: The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's results from
new products in development are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements may not occur.
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