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Six Flags Partners to Develop Theme Park in Nigeria


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Source: Six Flags, Inc.


Cross River State Government and Six Flags Announce Strategic Partnership to Develop Theme Park in Nigeria

Press Release

Source: Six Flags, Inc.

On Wednesday September 16, 2009, 1:00 pm EDT


NEW YORK, Sept. 16 /PRNewswire-FirstCall/ -- The Government of Cross River State of Nigeria and Six Flags, Inc., (OTC Bulletin Board: SIXFQ - News) the world's largest regional theme park company, announced today plans to develop a Six Flags branded theme park in Calabar Cross River State as part of the State's "Destination Tourism" development plan.


Under the binding agreement, Six Flags will provide concept development and master planning services to Cross River State Government for the creation of a Six Flags branded theme park located on approximately 250 acres (100 hectares) contiguous to Tinapa Business Resort. Once the initial phase is finalized, Six Flags and CRSG will collaborate on the detailed design, development, construction and management of the location. The park is scheduled to open in 2013.


Senator Liyel Imoke, Governor of Cross River State said, "The Calabar theme park project will be a signature leisure destination for residents and tourists in the West African sub-region, enhancing Cross River State's position as a lead state in the tourism sector in Nigeria and the region. It will serve as a critical component of the State's tourism value chain, guaranteeing additional tourist traffic to existing attractions including the Tinapa Resort, Obudu Ranch Resort, and the Slave Museum. CRSG is delighted to be working with Six Flags, a global leader in themed entertainment, towards the realization of this project."


"The potential economic impact of this exciting project is vast, with the opportunity to create hundreds of jobs during the construction phase and subsequent operations," added Nzan Ogbe, Special Advisor, Governor's Office. "The theme park development is destined to become a major tourism attraction, drawing from millions across the continent and the world."


"We look forward to collaborating with the Cross River State Government to bring the Six Flags experience to this exciting, rapidly expanding region," said Mark Shapiro, Six Flags President and Chief Executive Officer. "The partnership represents another major step in our international development strategy and clearly demonstrates the strength of the Six Flags brand on the heels of our operational turnaround."


About Six Flags:


Six Flags, Inc. is a publicly-traded corporation headquartered in New York City and is the world's largest regional theme park company with 20 parks across the United States, Mexico and Canada.



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