Graniteshares Gafam Etp (BIT:GFAM)
Historical Stock Chart
From Dec 2019 to Dec 2024
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/