Press Release
December 7, 2000
NEW YORK, NY -- Six Flags, Inc. (the ``Company'') (NYSE: PKS and PKSPrA) announced yesterday that it has acquired
Wild Waves and Enchanted Village, a water park and children's ride park located in Seattle, Washington.
The facility, which is located on approximately 70 acres, has averaged 500,000 in annual attendance over the last
five years. In 2000, the park achieved revenues and EBITDA of approximately $10 million and $3.7 million, respectively.
Six Flags stated that it had purchased Wild Waves and Enchanted Village for $19.3 million in stock. Commenting
on the transaction, Kieran E. Burke, Chairman and Chief Executive Officer of Six Flags stated: ``We are very pleased
to acquire a facility in the Seattle market for such an attractive price. Seattle is the 14th largest city by population
in the country and there is virtually no competition. This park will be a very good cash flow generator for us.''
Six Flags, Inc. is the world's largest regional theme park company, with thirty-seven parks in markets throughout
North America and Europe.
This release and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com.
-----------------------------------------------------------------
Contact:
Six Flags, Inc., New York
James F. Dannhauser, Chief Financial Officer
212/599-4693
or
KCSA PR Worldwide, New York
Joseph A. Mansi / Sarah Shepard
212/896-1205 / 212/896-1236
jmansi@kcsa.com / sshepard@kcsa.com
www.kcsa.com