Great American Family Parks Closes on Acquisition of First Major Theme Park - Wild Animal Park

Great American Family Parks Closes on Acquisition of First Major
Theme Park - Wild Animal Park
- Adds $1.9 Million to Annual Revenues With Strong Profits - 


BOISE, Idaho, June 16  /PRNewswire-FirstCall/ -- Great American Family Parks,
Inc. (OTC:GFAM) is pleased to announce the Company has acquired the assets of
Ron Snider & Associates, Inc., d.b.a. Pine Mountain Wild Animal Park, and other
assets to create Wild Animal Safari, Inc., marking the Company's first major
theme park acquisition.  Management expects the acquisition to be immediately
accretive to earnings.  Pine Mountain Wild Animal Park reported annual revenues
of $1,870,825 and earnings of $754,020 for the year ended December 31, 2004. 
The entire transaction was covered by a consolidated purchase price of $4.75
million.

Dr. Larry Eastland, President of Great American Family Parks, stated, "We are
tremendously excited to close our first park acquisition.  GFAM acquired this
park because it meets our strict criteria of selecting small to medium- sized
parks that bring experienced management, solid revenues and strong profits to
our Company.  With nearly $2 million in annual revenues, EBITDA of $900,000 and
bottom-line profits, the Wild Animal Park has displayed an excellent growth
pattern over its 14th year of operations."

Jim Meikle, the new President of Wild Animal Safari, Inc., stated, "Wild Animal
Safari is one of the few animal parks still in existence in the U.S. that
offers families unique, interactive experiences with exotic animals in their
natural environment.  We are proud to now be a part of Great American Family
Parks.  We are open for business throughout the year and have historically been
profitable each and every month of the year.  Wild Animal Safari will give GFAM
access to a very large market area, where we can now leverage significant
opportunities for expansion to strengthen our thriving operations."

Dr. Eastland concluded, "GFAM is envisioned as a family-centric company with
positive values and unique entertainment offerings.  This acquisition
represents a significant step in fulfilling that vision.  Our management team
has a high level experience and enthusiasm to create a park environment that
will continue to attract an increasing number of visitors, while expanding
profitability."

About Wild Animal Safari

Driven by their vision and love of animals, Ron Snider and his wife, Vivian,
founded Pine Mountain Wild Animal Park over 14 years ago.  The 200-acre park,
located within the 500-acre parcel purchased by GFAM, contains more than 1,500
animals, providing one of world's most unique educational and entertaining
experiences for its visitors.  The park's jungle of spellbinding animals come
from around the globe, including Africa, India, Australia, Europe, South
America and the North Pole as well as from North America. Unlike a zoo, where
animals are confined in small, man-made quarters, most of the animals at the
park roam freely throughout its country-side, socializing, grazing and watering
as they would in their original environments.  Wild Animal Safari is located
within an easily accessible one-hour drive time from

Atlanta and Macon, Georgia, as well as Montgomery and Birmingham, Alabama. For
more information, visit http://animalsafari.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.  The
market for U.S. theme and amusement parks is expected to grow at a compound
annual growth rate (CAGR) of 3.4% to $11.7 billion by 2007.  Nationwide,
regional park attendance is projected to increase at a CAGR of 1.8%, to bring
collective attendance to 263.8 million by 2007.  Overall revenues for America's
regional theme parks is expected to total $8.31 billion within five years.  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, 781-444-6100 x625, .  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:  Rick McCaffrey, Investor Relations, OTC Financial Network,

[phone] ext. 625, , for Great American Family Parks,

Inc.



Web site:  http://animalsafari.com/ 

Web site:  http://www.weloveparks.com/ 

Web site:  http://www.otcfn.com/gfam 

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