Cross River, Six Flags in Strategic Partnership to Develop Theme Park

CROSS River State government and Six Flags Inc. (OTC Bulletin Board: SIXFQ), the world's largest regional theme park company, announced, weekend, plans to develop a branded theme park in Calabar as part of the state's "Destination Tourism" development plan.

Under the agreement, Six Flags will provide concept development and master planning services to the state government for the creation of a Six Flags branded theme park located on approximately 250 acres (100 hectares) contiguous to Tinapa Business Resort.

Once the initial phase is finalized, Six Flags and the government will collaborate on the detailed design, development, construction and management of the location. The park is scheduled to open in 2013.

Senator Liyel Imoke, governor of Cross River State, said, "The Calabar theme park project will be a signature leisure destination for residents and tourists in the West African sub-region, enhancing the state's position as leader in the tourism sector in Nigeria and the region.

It will serve as a critical component of the state's tourism value chain, guaranteeing additional tourists traffic to existing attractions including the Tinapa Resort, Obudu Ranch Resort, and the Slave Museum.

Cross River State government is delighted to be working with Six Flags, a global leader in themed entertainment, towards the realization of this project."

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