Great American Family Parks Purchases Noble Roman's(R) Food Franchise
14 Juli 2005 - 3:01PM
PR Newswire (US)
Great American Family Parks Purchases Noble Roman's(R) Food
Franchise 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, . 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.
DATASOURCE: Great American Family Parks, Inc. CONTACT: Investor
Relations, Rick McCaffrey of OTC Financial Network,
+1-781-444-6100, ext. 625, , for Great American Family Parks, Inc.
Web site: http://www.weloveparks.com/ http://www.otcfn.com/gfam
http://www.nobleromans.com/
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