CLPI retains gaming consultant; Pursues additional entertainment opportunities.SPRINGFIELD, N.J.--(BUSINESS WIRE)--May 22, 1995--Creative Learning Products Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbol:CLPI CLPI Charity Lobbying in the Public Interest ) today announced that it has retained the services of Harvey I. Freeman as a gaming and real estate consultant to the company. For 11 years Freeman served as executive vice president of the Trump Organization The Trump Organization is the primary company of Donald Trump, a prominent American real estate developer. Trump is the current CEO of the company. The company oversees nearly all of the business development interests of Donald Trump, such as real estate, hotels, golf clubs, etc. and played an instrumental role in the development, financing, and management of its casino hotel operations. Freeman served as a member of a three person Executive Committee and as chairman of the Audit Committee. Freeman is currently assisting CLPI in the exploration and development of gaming opportunities in Nevada, upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. as well as St. Louis, Mo., to supplement the company's Branson Project. The company reported that it is still committed to develop other entertainment opportunities in the Branson area. Jegou noted that, on the recently acquired 37-acre site and on the 760-acre site currently under option to CLPI, the company intends to develop plans for a family entertainment complex that will include time sharing time sharing Noun 1. a system of part ownership of a property for use as a holiday home whereby each participant owns the property for a particular period every year 2. facilities and an entertainment park. In addition, with Freeman's extensive background, the financial backing of CLPI's investment banking firm, and the commitment for a $20 million line of credit, the company has been exploring other gaming opportunities across the United States. As previously reported, the company has signed a letter of intent with MAO MAO - An early symbolic mathematics system. [A. Rom, Celest Mech 1:309-319 (1969)]. Inc., a Delaware corporation, to develop, finance, operate, and manage a riverfront gaming facility on approximately 60 acres of leased premises on the Mississippi River in St. Louis, Mo. With Freeman's assistance, the company is currently evaluating the feasibility of a riverfront gaming and entertainment complex on this site. CONTACT: Linda A. Oswald or Peter J. Jegou 201/467-0266 |
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