NEW YORK, April 9 /PRNewswire-FirstCall/ -- Six Flags, Inc. (NYSE: SIX)
announced today that it has completed the previously announced sale of three
of its water parks and four of its theme parks to Parc 7F-Operations
Corporation ("PARC") of Jacksonville, FL for $312 million, consisting of $275
million in cash and a note receivable for $37 million.
The seven parks are: Six Flags Darien Lake in Buffalo, NY; Six Flags
Elitch Gardens in Denver, CO; Frontier City and the White Water Bay water park
in Oklahoma City, OK; SplashTown in Houston, TX; Waterworld USA in Concord,
CA; and Wild Waves and Enchanted Village in Seattle, WA.
The Company noted that obligations with respect to 2007 season passes and
any committed park events, including group bookings and the previously
announced Dream Nite promotion, will continue to be fulfilled under the new
park ownership.
Six Flags, Inc. is the world's largest regional theme park company.
Founded in 1961, Six Flags celebrated its 45th anniversary in 2006. Six Flags,
Inc. is a publicly-traded corporation (NYSE: SIX) headquartered in New York
City.
Forward Looking Statements:
The information contained in this news release, other than historical
information, consists of forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act. These statements may involve risks and uncertainties that could cause
actual results to differ materially from those described in such statements.
These risks and uncertainties include, among others, Six Flags' success in
implementing its new business strategy. Although Six Flags believes that the
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
Important factors, including factors impacting attendance, such as local
conditions, events, disturbances and terrorist activities, risk of accidents
occurring at Six Flags' parks, adverse weather conditions, general economic
conditions (including consumer spending patterns), competition, pending,
threatened or future legal proceedings and other factors could cause actual
results to differ materially from Six Flags' expectations. Reference is made
to a more complete discussion of forward-looking statements and applicable
risks contained under the caption "Cautionary Note Regarding Forward-Looking
Statements" and "Risk Factors" in Six Flags' Annual Report on Form 10-K for
the year ended December 31, 2006, which is available free of charge on Six
Flags' website http://www.sixflags.com.
SOURCE Six Flags, Inc.
CONTACT:
Wendy Goldberg of Six Flags
1-212-652-9393
Web site: http://www.sixflags.com