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GFAM Graniteshares Gafam Etp

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Delayed by 15 minutes
Name Symbol Market Type
Graniteshares Gafam Etp BIT:GFAM Italy Exchange Traded Fund
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  0.00 0.00% 0 -

GFAM Appoints New President and Member of Board of Directors

28/11/2007 10:30am

PR Newswire (US)


Graniteshares Gafam Etp (BIT:GFAM)
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SANTA MONICA, Calif., Nov. 28 /PRNewswire-FirstCall/ -- Great American Family Parks, Inc. (OTC:GFAM) (BULLETIN BOARD: GFAM) (the "Company") today announced that, in a strategic shift to facilitate growth in the parks industry, it has named a new member to its Board of Directors as well as a new President/COO. The Board appointed Dale Van Voorhis as the President and Chief Operating Officer of the Company. Mr. Van Voorhis previously served as a Director of the Company from December 2003 through December 2006. During his previous tenure at the Company, Mr. Van Voorhis served on the Audit Committee as Chairman and Financial Expert. From December 2003-2006, Mr. Van Voorhis served as Chief Financial Officer, President and Director of GFAM Management Corporation, a wholly-owned subsidiary of the Company. Larry Eastland, will remain as Chairman and CEO of the Company. The management change was made to simplify GFAM's management operations into a strategic position ready for growth in its parks business. In addition, Mr. Van Voorhis has been the President of Amusement Business Consultants, Inc., an amusement industry consulting company, since its inception in 1994. GFAM also announced that it has named Stan Harper, founder of the Company's most recent acquisition, Park Staffing Services ("PSS"), as a member of its Board of Directors. Mr. Harper will also be a Vice President of the Company. He will be responsible for the direction of support and service companies, which the Company may acquire in the future. Park Staffing Services is a flexible staffing (also known as temporary staffing) firm based in Bakersfield, CA. PSS provides manufacturing, construction and office personnel on a contractual basis. The Company plans on expanding PSS to manage staffing of the amusement attractions that the Company's theme park division expects to acquire. It also anticipates continuing to actively expand its flexible staffing services throughout the nation. 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. Contact Information: Ashley Hull ProPublic Media, LLC. (310) 450-9100 DATASOURCE: Great American Family Parks, Inc. CONTACT: Ashley Hull of ProPublic Media, LLC., +1-310-450-9100, , for Great American Family Parks, Inc.

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