Cinema Ride Engages Investment Banking Firm L.H. Friend.LOS ANGELES--(BUSINESS WIRE)--Aug. 5, 1997--Cinema Ride 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 :MOVE) has engaged the investment banking firm of L.H. Friend, Weinress, Frankson & Presson Inc. to serve as the company's exclusive financial advisor and investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. , it was announced Tuesday by Mitch Francis, Cinema Ride chairman and chief executive officer. "We are pleased to have a firm with L.H. Friend's reputation and expertise in location-based entertainment as financial advisor to Cinema Ride," said Francis. "In addition to acting as our company's market maker and offering strategic advice, we anticipate that Charles Dargan II and his associates will also pursue potential sources of capital, such as a secondary offering, corporate partnership or joint venture, to fund the development of our fourth and subsequent Cinema Ride locations," he added. L.H. Friend, Weinress, Frankson and Presson Inc., with headquarters in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , is a Southern California-based investment banking firm founded in 1984 which specializes in investment banking, institutional sales and research and trading activities for middle market companies. L.H. Friend is one of the leading middle market investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. for institutional private placements of equity, mezzanine and subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". . L.H. Friend has completed more than 60 private placement transactions in the past five years. The firm has approximately 50 professionals in two offices in Los Angeles and Irvine. Cinema Ride currently has three 3-D simulator thrill ride facilities 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 its rides feature the first and only 3-D simulator thrill ride facilities. Military quality simulators are programmed by computer to move in concert with on-screen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. action. Cinema Ride customers can experience being on a roller coaster, flying aboard a spaceship, traveling through a haunted graveyard, being aboard a racing submarine and, in Cinema Ride's latest adventure, skiing and snowboarding down the slopes of Vail on "Warren Miller's Ski Ride." The company's three facilities are in Las Vegas, Edmonton, Alberta, and Times Square in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Cinema Ride has headquarters in Studio City, Calif. CONTACT: Cinema Ride Inc., Studio City Mitch Francis, 818/761-1002 or Self & Associates Trudy M. Self, 818/880-5437 |
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