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DeBartolo Racing and Call Now Cancel Racetrack Sale.


YOUNGSTOWN, Ohio and MIAMI SHORES, Florida--(BUSINESS WIRE)-- Aug. 27, 1998--DeBartolo Racing and Call Now, Inc. (OTC BB:CNOW) today announced a joint decision to abandon previously announced plans providing for the sale of DeBartolo Racing's three thoroughbred racetracks to Call Now. The racetracks are Thistledown Race Track in North Randall, Ohio; Remington Park in Oklahoma City, Oklahoma “OKC” redirects here. For the airport, see Will Rogers World Airport.

Oklahoma City is the capital of the U.S. state of Oklahoma. The county seat of Oklahoma County, the city is the 30th largest city in the U.S.
; and Louisiana Downs in Bossier City, Louisiana Bossier City is a city in Bossier Parish, Louisiana, United States. [1] [2] As of the 2000 Census, the city had a total population of 56,461. Bossier City is closely tied to its larger sister city Shreveport, located on the western bank of the Red River. .

The parties indicated that although Call Now was satisfied with the operations of the tracks and the results of its due diligence review, the decision to terminate was mutual.

John York, senior vice president of DeBartolo Racing, said, "We want to keep our employees, patrons and the racing community informed about what's going on What's Going On is a record by American soul singer Marvin Gaye. Released on May 21, 1971 (see 1971 in music), What's Going On reflected the beginning of a new trend in soul music. . Everyone should know that it's business as usual at DeBartolo Racing. That includes focusing on this Sunday's $300,000 Remington Park Derby and Classic Cat's quest for victory in the second leg of the $1 million DeBartolo Challenge."

DeBartolo Racing is an operating unit of The Edward J. DeBartolo Corporation, a diversified real estate development and management company headquartered in Youngstown, Ohio. In addition to the racetracks, the firm's portfolio includes ownership of a regional mall as well as a variety of office, industrial and hotel properties throughout the United States. Complementing these enterprises, The Edward J. DeBartolo Corporation is the owner of the five-time NFL Super Bowl champion San Francisco 49ers
    The San Francisco 49ers are a professional American football team. The team plays its home games in San Francisco, California, while the club's headquarters and practice facility are located in Santa Clara, California.
     franchise. Additionally, the DeBartolo family maintains an interest in the Simon Property Group Simon Property Group, Inc. (NYSE: SPG), also known as SIMON, an S&P 500 company headquartered in Indianapolis, Indiana, is the largest developer of shopping malls in the United States. Simon Property Group, Inc. , Inc.

    Call Now's shares are traded on the OTC Bulletin Board OTC Bulletin Board

    An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
     under the ticker symbol CNOW. A Call Now subsidiary manages Retama Park, a thoroughbred racetrack in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation).
    San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S.
    .
    
        CONTACT:  The Edward J. DeBartolo Corporation
                   John York, 330/965-2066
                                 or
                   Call Now, Inc.
                   Bryan Brown, 210/651-7131
    
    
    
    COPYRIGHT 1998 Business Wire
    No portion of this article can be reproduced without the express written permission from the copyright holder.
    Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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    Publication:Business Wire
    Article Type:Article
    Geographic Code:1USA
    Date:Aug 28, 1998
    Words:292
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