Great American Family Parks Signs Agreement to Close Its First Major Theme Park

Great American Family Parks Signs Agreement to Close Its First
Major Theme Park
- Will Add $2 Million to Annual Revenues With Strong Profits - 


BOISE, Idaho, Dec. 1  /PRNewswire-FirstCall/ -- Great American Family Parks,
Inc. (OTC:GFAM) is pleased to announce the signing of the final contract for
the acquisition of Wild Animal Safari in Pine Mountain, GA, the Company's first
theme park.  Pending completion of the terms, the scheduled closing is February
1, 2005.

Dr. Larry Eastland, President of Great American Family Parks, stated, "We are
tremendously excited about the contract for our first park acquisition. GFAM
will be acquiring 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 revenues and EBITDA of approximately
$2 million and $900,000 respectively, Wild Animal Safari is a profitable park
that has displayed an excellent growth pattern over its 13 1/2 year operating
history.  We project the park will have an ROI of between 18-22% beginning in
2005."

Dale Van Voorhis, CPA, President and CEO of GFAM Management Corporation, GFAM's
park management company, will integrate and guide Wild Animal Safari's
operational and future growth strategies.  For more than a decade, Mr. Van
Voorhis had served as president and CEO of Funtime Parks, a $60 million
amusement company.  During his tenure at Funtime, Mr. Van Voorhis directed the
company's initial and secondary public offerings, orchestrated a number of
successful park acquisitions, and eventually led the management buyout of the
Company in 1987.

Dr. Eastland continued, "GFAM is envisioned as a family-centric company with
positive values and unique entertainment offerings.  The acquisition of Wild
Animal Safari will represent 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."

Ron Snider, stated, "Wild Animal Safari is one of the few animal parks in the
U.S. that offers families unique, interactive experiences with exotic animals
in their natural environment.  We are proud to be joining Great American Family
Parks.  We are open for business throughout the year and have continued to see
profits increase over the years.  Wild Animal Safari will give GFAM access to a
very large market area, where it can now leverage significant opportunities for
expansion to strengthen thriving operations."

Driven by their vision and love of animals, Ron Snider and his wife, Vivian,
founded Wild Animal Safari over 13 1/2 years ago.  The 500-acre park contains
hundreds of animals, providing one of world's most unique educational and
entertaining experiences for its visitors.  The park's jungle of spellbinding
animals comes from around the globe, including Africa, India, Australia,
Europe, South America 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 countryside, 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.  Macon, Albany
and Columbus, Georgia, as well as Montgomery, Birmingham and Auburn, Alabama,
are all within a "day trip" to the Park.  For more information, visit
http://www.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 between 300,000 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, ext. 625, .  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:  investors, Rick McCaffrey of OTC Financial Network,

[phone], ext. 625, 



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

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

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

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