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Friday, November 15, 2013 8:56:35 PM
$IACH .0013 - Charts - Nov. 15/13 8k link and Nov. 12/13 Acquisition News - http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9615652
Information Architects Acquires All Assets of The Dakota Creative Group LLC for the Development of Major Theme Park Operations
ORLANDO, FL, Nov 12, 2013 (Marketwired via COMTEX) -- Information Architects (OTC Pink: IACH) is pleased to announce the signing of a definitive agreement to acquire all outstanding assets of The Dakota Creative Group, LLC. Formed in 2006 The Dakota Creative Group is a detailed developer of major theme parks.
Having personnel that were previously employed by Disney and Universal the company has developed plans for an all new destination resort theme park including designs for five all new unique rides. The company has also acquired the design specifications and rights to a host of other rides from existing theme parks that the company will put their own unique brand on.
Additionally the company has agreements in place with approximately 250 restaurants and food vendors to be incorporated into the parks. The company has also signed agreements with two destination resort hotels to be incorporated into the parks and is in the design stages of multiple boutique hotels to also service the parks.
To round out the destination resort experience, the company has detailed plans and specifications for an 18 hole championship golf course. The theme of the park is to be based on a well-known brand and will be announced at a later date.
For the development of the parks, the company is currently in negotiations with multiple financing entities and expects to have the funding in place to begin construction in the very near future.
Revenues at existing U.S. theme parks have been on steady increase of 3.6% in each of the past two years after a 4.5% jump in 2010 and are expected to reach a record $13.4 billion this year, according to research firm Wall Street Daily. 131.6 million people visited theme parks last year and this acquisition positions IACH to become a major player in this growing industry.
Contact:
Tim Conners
858-568-7059
SOURCE: Information Architects
(C) 2013 Marketwire L.P. All rights reserved.
OTCMarkets Link
Daily
Weekly
Information Architects Acquires All Assets of The Dakota Creative Group LLC for the Development of Major Theme Park Operations
ORLANDO, FL, Nov 12, 2013 (Marketwired via COMTEX) -- Information Architects (OTC Pink: IACH) is pleased to announce the signing of a definitive agreement to acquire all outstanding assets of The Dakota Creative Group, LLC. Formed in 2006 The Dakota Creative Group is a detailed developer of major theme parks.
Having personnel that were previously employed by Disney and Universal the company has developed plans for an all new destination resort theme park including designs for five all new unique rides. The company has also acquired the design specifications and rights to a host of other rides from existing theme parks that the company will put their own unique brand on.
Additionally the company has agreements in place with approximately 250 restaurants and food vendors to be incorporated into the parks. The company has also signed agreements with two destination resort hotels to be incorporated into the parks and is in the design stages of multiple boutique hotels to also service the parks.
To round out the destination resort experience, the company has detailed plans and specifications for an 18 hole championship golf course. The theme of the park is to be based on a well-known brand and will be announced at a later date.
For the development of the parks, the company is currently in negotiations with multiple financing entities and expects to have the funding in place to begin construction in the very near future.
Revenues at existing U.S. theme parks have been on steady increase of 3.6% in each of the past two years after a 4.5% jump in 2010 and are expected to reach a record $13.4 billion this year, according to research firm Wall Street Daily. 131.6 million people visited theme parks last year and this acquisition positions IACH to become a major player in this growing industry.
Contact:
Tim Conners
858-568-7059
SOURCE: Information Architects
(C) 2013 Marketwire L.P. All rights reserved.
OTCMarkets Link
Daily
Weekly
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