AMUSEMENTS SUBSIDIARY COMPLETES ACQUISITION OF BIG COUNTRY WATERSLIDES.CALGARY, ALBERTA--(BUSINESS WIRE)--JULY 27, 1995--AMUSEMENTS INTERNAT(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : ATL (Active Template Library) A set of software routines from Microsoft that provide the basic framework for creating ActiveX and COM objects. Stemming from the standard template library (STL) that comes with C++ compilers, ATL includes an object wizard that sets up .A ) Amusements International Ltd's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Amusement Leisure Equipment Ltd., a leading international supplier of water leisure equipment and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to themeparks, waterparks, municipalities and resorts announced today it has completed a merger with Big Country Waterslides of Vernon, British Columbia Vernon is a city in the south-central region of British Columbia, Canada. Named after Forbes George Vernon, a former MLA of British Columbia who helped grow the famed Coldstream Ranch, the City of Vernon was incorporated on December 30, 1892. . Big Country Waterslides was one of the world's first waterslide design, engineering and manufacturing companies. Big Country completed the first waterpark in Canada and is well known in the international themepark/waterpark industry for its quality manufacturing and product innovation. "The merger is key for our company for a number of reasons", states Amusement Leisure Equipment President Scott Roddick. "The merger will combine our technologies and intellectual property and bring together an expanded team. We are very excited about this combined synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. as we will immediately increase our abilities in research and development along with new product development and it will enable us to be more responsive to the market. Equally important, by consolidating the two companies we will be in a position to increase our revenues by taking advantage of two companies combined distribution networks. The bottom line is the merger will allow Amusement Leisure Equipment Ltd. to be much more competitive which should translate into increased future sales. The completed merger will further allow us to proceed more quickly with overseas manufacturing. We have identified manufacturing partners in the Far East where preliminary tooling and molds have been developed and the results have been very positive. We believe we will be able to maintain our product's superior quality and enjoy an estimated cost saving of 18 - 25 percent on manufactured cost." Amusements International Ltd. is concurrently in negotiations to obtain financing for the acquisition of U.S. based Corporation SCS Company. SCS Company is a world leader and international award winning designer and manufacturer of interactive waterplay structures and systems for waterparks, amusements parks, resorts and municipalities. Amusements International Ltd. is a diversified diversified (di·verˑ·s Leisure and Entertainment Corporation with interests in: 1-International water leisure equipment sales and professional services, 2-Attraction ownership and management (Ripley's Believe It Or Not! Museums and Waterparks in the USA and Canada), 3-Animation (Ripley"s Believe It Or Not!) and 4-High-technology audio (4D Sound). CONTACT: Mr. Warren Dowd Dowd is a derivation of an ancient surname which was once common in Ireland but is now quite rare. The name Dowd is an Anglicisation of the original Ui Dubhda, through its more common form O'Dowd. (403) 244-2202 (403) 245-6261 (FAX) |
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