Great American Family Parks Completes $3.3 Million Financing

Great American Family Parks Completes $3.3 Million Financing



BOISE, Idaho, June 28  /PRNewswire-FirstCall/ -- Great American Family Parks,
Inc. (OTC:GFAM), a company focused on rolling-up profitable regional theme
parks in the U.S., announced today that it raised gross proceeds of $3,338,400
in a private offering to accredited and institutional investors. First Montauk
Securities Corp. of Red Bank, New Jersey, member NASD, acted as the exclusive
placement agent for the financing.

Dr. Larry Eastland, President of Great American Family Parks, stated, "Proceeds
of this financing were used to fund our first acquisition of Wild Animal
Safari, Inc., which closed this month, and for general working capital
purposes.  We believe that we are now on track to create a unified and
profitable family of parks, which can benefit from our branding and centralized
management team, with the goal of enhancing long-term shareholder value."

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.  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.

The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor"
for forward-looking statements.  Certain of the statements contained herein,
which are not historical facts, are forward-looking statements with respect to
events, the occurrence of which involved risks and uncertainties. These
forward-looking statements may be impacted, either positively or negatively, by
various factors.  Information concerning potential factors that could affect
the company is detailed from time to time in the company's reports filed with
the Securities and Exchange Commission. 

DATASOURCE: Great American Family Parks



CONTACT:  Rick McCaffrey, Investor Relations, OTC Financial Network,

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



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

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

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