I always feel better after those conference calls.
4th and 1st qtr are behind us.
Company goal is to make $0.04/share in earnings this year on $18 million in revenues.
Water Wonderland will be open for Memorial Day Weekend. Not much time to get into bathing suit shape. Waterpark did $1.8 million last year, and didn't open till June, so potential is there for much more.
PS&L doing good, but company is focusing on direct marketing towards bowling alleys, nightclubs, churches, and related industry publications, etc.
Arlington Mall site never really got off the ground due to lack of financing, assets redeployed to Waterpark and some is apparently being targeted for an unannounced acquisition, presumably a family entertainment center of some sort.
Someone asked if a rumor was true that the company was considering an acquisition that would double the size of the company. Doug said they were looking at several acquisitions, but would not confirm or deny the rumor. Next board meeting is March 2nd, may here something from that. Doug did say that their primary focus right now was to "focus and finish" existing projects and maximize return on existing assets.
Redfish is doing well. Before the restaurant was acquired, it was doing around $18,000 on a good month. It did $40,000 this January alone.
1st calendar qtr (2nd fiscal quarter) shaping up to be a solid quarter. Cash flow has leveled off (after bleeding for a couple of quarters). PS&L is having its best quarter ever.
Already starting to get 100-150 hits (per day, per week? didn't catch that part) on VisionQuest.
Looking at getting a more accomplished auditing firm, Price Waterhouse and Manfred Lipenstein (not sure about the last one) were mentioned. If we're taking votes, I'll take Price Waterhouse.
They are looking at soon introducing a web site that offers interactive internet entertainment that ties in with Stargate/Heroes.
They are also looking into acquiring other entertainment-related web sites that would compliment the existing sites, but that sounded like it was in very preliminary stages.
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