TYPE OF BUSINESS: In Line and Ice Skating Facilities

BUSINESS GOAL: Purchase of existing skating facilities to realize higher profitability through enhanced and consolidated management

SUMMARY: This company was established by two entertainment industry veterans to take advantage of an opportunity created by the substantial short fall of adequate facilities for participation in skating sports and activities --- both ice and in-line.

In-line skating and ice hockey are respectively the number one and number two participation sports in the United States. Demand for the use of proper skating facilities is greater than the supply of such facilities as evidenced by the fact that the facilities that do exist are booming and fully booked. However, many areas lack adequate facilities.

The company's business plan is simple - build new facilities where there is demand/opportunity and purchase existing profitable facilities and enhance their revenues to create strategic mass. The potential for consolidation exists in this highly fragmented industry where there is no industry leader.

The company is currently set to open its first facility, which has been under construction for the past six months. The facility is located on the West Coast of Florida and is being constructed at a cost of about $5,000,000. Other opportunities for new construction are also being reviewed.

Several ongoing operations have been identified for purchase. They are all profitable and generating substantial cash flow. These facilities can be purchased at reasonable prices. All include real estate in valuable commercial areas. All have the potential to generate enhanced revenues under professional management.

INVESTMENT REQUIRED: The cash purchase price of each facility is in the $6 to $10 million range. There is potential for terms. Investors will be offered substantial preferred returns.

The company is seeking financial partners and equity investors to carry out its very promising business plan. Specific and detailed business plans are available upon request.