Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (4788)	4/11/2000 8:32:00 PM
From: Sure	Read Replies (1) \| Respond to of 5164

Sungold Entertainment Corp. - Feasibility Analysis Reveals Estimates and Projections to Support a $148 Million USD Multiplex at Toledo Beach, Michigan April 11, 2000 Trading Symbol: SGGNF - BB 12g 3-2 (b): 82-2157 Vancouver, British Columbia [Business Wire] - April 11, 2000. Sungold Entertainment Corp. (OTC Bulletin Board: SGGNF News) announced today that the Toledo Beach Feasibility analysis prepared by International Theme Park Services (ITPS) Inc., has been completed. A 163-page report proposes a family-oriented people place complemented by lakefront views, direct access from major interstate 75 and the 1200-slip Toledo Beach marina. The proposed plan describes a unique entertainment multiplex divided into six distinct pavilions. Development Concept Projected to cost $148 million USD the primary components of the Toledo Beach Multi-Use Development recommended by ITPS in the analysis are: 1. Urban Entertainment Center. ITPS recommended that the facility include themed restaurants, multiple cinemas, specialty retail, bowling alleys, stage venues for entertainment, interactive museums, Kids Quest/Day-Care Center, fast food outlets, sports bars, and other related entertainment opportunities and attractions (such as nightly fireworks or a waterscreen show). 2. Modified and Innovative Commercial Aquarium. An aquarium would offer guests an exciting and close-up look at marine life, including those that are indigenous to the areas and those that are found in places all over the world. The aquarium should be both entertaining and educational in nature, and should incorporate a variety of virtual and immersive experiences. 3. High-Tech Indoor Theme Park. This indoor facility would feature cutting-edge immersive technology, such as virtual reality, simulators, attractions and games. 4. Wet/Dry Park. This wet/dry park would offer a combination of water-related attractions and traditional amusement park rides, such as a major Ferris Wheel. The overall goal of this component would be to recreate to some extent the nostalgic essence of the old Toledo Beach Amusement Park, and to combine this theme with the water-related attractions. 5. Snow Dome. This new concept would consist of an indoor sports entertainment complex that would feature skiing and snowboarding on man-made snow, as well as other related activities. 6. Golf Center. This sports related center would include a new concept known as short-game golf, as well as a driving range and similar activities. Market Size The Toledo / Detroit resident market is projected to be 10 million persons and the Tourism market is approximately 17 million persons largely due to new attractions such as: MGM Grand, Mandalay Bay, Greek Town and Windsor, Casinos, The Toledo Zoo and the new Cabela's outdoor mega-complex. Therefore, the total market is 27 million persons. Projected Attendance Annual attendance at Toledo Beach is expected to be 6,058,000. This compares to the Irvine Spectrum Center in Irvine, California which has attendance of 5 million per year in a total market of 24 million people, the Sony Metreon in San Francisco which has attendance of 6.8 million people per year in a total market area of 22.7 million people and Camp Snoopy at the Mall of America in Minneapolis, Minnesota which has annual attendance of 2.6 million people from a total market area of 17.7 million people. Projected Revenues Revenues for the first year of operations are anticipated to be $115,000,000 USD and 650,000,000 USD for the first five years. Projected Returns Cash flow (EBITDA) is projected to be 26.6 million USD in year one. Return on the investment over five years is expected to be $126 million USD (approx. 85% R.O.I. after expenses and financing costs). Development Plan Sungold is receiving expressions of interest from a number of parties. Operators, potential partners and sponsors are being considered in cooperation with ITPS. SUNGOLD ENTERTAINMENT CORP. Per: Kim N. Hart, President TEL: (604) 669-9580 For more information regarding this release or to be updated on future corporate news, please contact Anne Kennedy at (604) 669-9580 or contact Anne by email: akennedy@sungoldent.com