Since becoming the CEO of
I am resolute in my commitment to steer
I value your input and feedback tremendously, and I encourage you to continue sharing your perspectives with me. Your insights are invaluable as we navigate through this critical phase of our journey together. Rest assured that every decision I make is guided by our collective best interests and long-term success.
Now, let's discuss some of the strategic initiatives we are implementing to drive long-term value for our shareholders. After years of neglect from our prior CEO we are making the necessary investments to restore our properties as desirable destinations for new and returning customers and to communicate with our loyal shareholders on a regular basis.
- Investment in Park Assets and Amenities: We are committed to updating our park assets and amenities, which have been neglected in the past. In the near term, focus will be on improving infrastructure and facilities which were left neglected by my predecessor and enhancing the overall guest experience.
- Operational Efficiencies: We are working tirelessly to improve operational efficiencies across all our parks. By streamlining processes and optimizing resources, we aim to maximize productivity and profitability.
- Enhanced Marketing and Brand Awareness: We are investing in marketing efforts to increase brand awareness and attract more visitors to our parks. This includes targeted digital campaigns, social media initiatives, and community engagement activities.
- Customer Satisfaction: Our top priority is ensuring that every guest has an exceptional experience at our parks. We are focused on delivering outstanding customer service and creating memorable moments for visitors of all ages.
Shareholder Communications : While the prior CEO did not engage in consistent shareholder communications, we are dedicated to conducting Annual Shareholder Meetings – the first of which will take place onJune 6, 2024 . We have also initiated quarterly financial reporting conference calls to keep shareholders abreast of our operational performance and to consistently provide progress updates on the execution of our strategic business plan.
From a financial standpoint, our strong balance sheet is being negatively impacted by the frivolous claims from Focused Compounding, diverting valuable resources from the revitalization of our parks and shareholders. Focused Compounding is not qualified to run
But they are looking to take control of the Company to benefit themselves in some sort of a “liquidity event” transaction and “cash out” as they take advantage of existing investors that look at their shares as “free money” since the previous CEO did not manage the Company to grow and thrive. This Board and management team are dedicated to building a well-run company with transparency and best practices in corporate governance. Importantly, the two leading independent proxy advisory firms,
Looking ahead, we are committed to maintaining open communication with shareholders and potential investors. We welcome your feedback and encourage you to reach out to me directly at lisa@parksamerica.com or by phone at 216-402-3685. Your input is crucial as we continue to execute our strategic plan and drive sustainable growth and hope to maintain your support as we head into our June shareholder meeting.
Sincerely,
President and CEO
About
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Contact:
President and Chief Executive Officer
(706) 663-8744
lisa@parksamerica.com
Source:
2024 GlobeNewswire, Inc., source