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To: Shoot1st who wrote (28138)	7/1/1998 9:51:00 AM
From: Gator	Respond to of 34592

News out on ETPI: Wednesday July 1, 9:31 am Eastern Time Company Press Release Entertainment Technologies & Programs Inc. Annouces the Acquisition of Wonderland Water Park in Midland, Texas HOUSTON--(BUSINESS WIRE)--July 1, 1998--Entertainment Technologies & Programs (OTC:ETPI - news) a fully integrated entertainment and amusement company, today announced the acquisition of Wonderland Water Park, in Midland, Texas. The park has an estimated value of $4.8 million dollars and a total 92 acres with 50 acres undeveloped. The park includes a wave pool, bumper boats, paddle boats, miniature golf, game room, restaurant, 1/8 mile race track which seats 3500 people, and a formula 1 go-cart track. ETP plans on expanding the location into another ''Hero's'' entertainment center. Contact: Entertainment Technologies & Programs Inc., Houston Dan Telles or Investor Relations, 281/486-6061