Replies to post #988 on Circle Entertainment Inc (CEXE)

[profundshare]

From the CEXE 10Q. I would also suggest reading the last 250 threads.


Circle Entertainment Inc.
(F/K/A FX Real Estate and Entertainment Inc. )
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


2.
Business of the Company

The Company has been pursuing the development and commercialization of its new location-based

On February 28, 2011, in furtherance of its new location-based entertainment line of business, the Company, through its wholly-owned subsidiary Circle Entertainment Property-Orlando, LLC (the “Circle Subsidiary”), entered into a Transaction Agreement with The Square, LLC, Orlando Hotel International SPE, LLC, and Orlando Hotel International SPE Holdings, LLC (The Square, LLC, Orlando Hotel International SPE, LLC, and Orlando Hotel International SPE Holdings, LLC are collectively the “Whittall Parties”) to co-develop a project in Orlando, Florida on which the Company’s observation wheel will be placed beside retail, restaurant and bar and entertainment facilities.