Cinema Ride, Inc. to File its 10K Late.Business Editors STUDIO CITY, Calif.--(BUSINESS WIRE)--April 16, 2003 Cinema Ride, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MOVE) disclosed today that it will be filing its 2002 annual report under form 10-KSB late, on or about May 1, 2003. The Company cited the reason for being late is relative to its new business, Tickets2Nite. During the approximately two weeks until the filing, the Company expects to receive an "E" designation on its stock symbol which will be removed upon the filing. Tickets2Nite sells tickets to Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. shows at half-price on the same day of the performance. Tickets2Nite commenced operations in early November 2002. The Company's ticket booth is located adjacent to the giant Coke bottle on the Las Vegas Strip The Las Vegas Strip (also known as The Strip) is a 4 mi (6.7 km) section of Las Vegas Boulevard South, most of which has been designated an All-American Road. , and is operated under the name "Coca-Cola Tickets2Nite." This concept of same-day, half-price tickets is a successful, well-established institution in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's Times Square. Based upon operating results to date, the Company believes that the Tickets2Nite business venture has the potential to contribute materially to the Company's future financial results. In addition to the Company's Tickets2Nite business, Cinema Ride, Inc. develops, owns and operates motion simulation theater attractions at leading destination tourist sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Cautionary Statement Pursuant to Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This news release contains "forward-looking" statements, which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. The forward-looking statements in this news release are subject to risks and uncertainties that could cause actual results to differ materially from those results expressed in or implied by the statements contained herein. The Company undertakes no obligations to revise or update any forward-looking statements contained herein in order to reflect events or circumstances that may arise after the date of this news release. |
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