Beachport Entertainment Corporation Announces Successful Tour of Nutcracker On Ice Show; Company Plans for Nutcracker On Ice Show in Russia.LOS ANGELES--(BUSINESS WIRE)--Feb. 3, 1998--Beachport Entertainment Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BPRT) CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Barry Mendelson announced today the successful completion of the first five North American tours of Nutcracker on Ice, including the sellout opening performances of the first five shows in Santa Cruz, California Santa Cruz is the county seat and largest city of Santa Cruz County, California, United States. As of the 2000 U.S. Census, Santa Cruz had a total population of 54,593. . The tours played throughout the United States and Canada commencing in November and ran through the holiday season. Beachport Entertainment also announced that Nutcracker on Ice will play for the first time in Moscow, Russia in March 1998. Terms of the two week Russian tour guarantee Beachport gross profit in excess of $150,000. Nutcracker On Ice has become a holiday season tradition and is entering its fifth touring season. Beachport Entertainment acquired the 40% minority interest of Nutcracker on Ice from Magicworks Entertainment, Inc. (AMEX AMEX See: American Stock Exchange :MJK MJK Maynard James Keenan (singer) MJK Marinejegerkommandoen (Norwegian Special Forces) ) in July 1997, giving On Ice Inc. 100% ownership of the production. Commenting on the Nutcracker On Ice tours, Barry Mendelson, CEO, stated, "Beachport's strategy is to play mostly in markets that do not offer traditional Nutcracker ballets, thus affording a broad family audience the opportunity to experience this wonderful holiday classic that they would not do otherwise. "The Nutcracker On Ice production, which starred champion skaters Tai Babilonia & Randy Gardner, offers a unique opportunity for a sponsor and a theater to present a major family holiday event and use its involvement as a promotional tool during the peak holiday sales season. We anticipate record revenues from Nutcracker On Ice for Beachport in the 1998 fiscal year." Beachport Entertainment Corp. develops, produces and distributes a diversified array of live family entertainment, sporting events and television programming. The Company maintains agreements and ongoing relationships with CBS/FOX, NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , A&E Network, Fox Sports Network, SpeedVision and Polygram. The Company is represented by ICM and the William Morris Agency Founded in 1898, the William Morris Agency is the largest diversified talent and literary agency in the world, with offices in New York City, Beverly Hills, Nashville, Miami, London, and Shanghai. . CONTACT: Beachport Entertainment, Corp. Sidney Shlenker, 310/826-2636 or Liviakis Financial Communications John M. Liviakis, 916/448-6084 |
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