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Vertigo Theme Parks Year End Update on Progress of Parks

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  Published in Stocks and Investing on Tuesday, December 23rd 2008 at 12:06 GMT, Last Modified on 2008-12-23 12:06:53 by Market Wire
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BOCA RATON, Fla.--([ BUSINESS WIRE ])--Vertigo Theme Parks, Inc. (Vertigo) (Pink Sheets:VTPK) was formed to fulfill a vision of building socially beneficial, eco-friendly entertainment destinations much like their rivals Disneyland (DIS) and Six Flags (SIX) which are highly profitable. The Company focuses on regions where the middle class population has exploded proving a disposable income for our visitors to spend on entertainment. The expanding demographics of these focus areas is perfect for our new media and entertainment venues to build loyal customers that will generate repeat visits for many years. Vertigo's vision is to build seven parks in seven years which fit these unique criteria.

Vertigo Theme Park-Buga, Colombia is well underway with all architectural plans and drawings approved in early 2008. Most of the construction in 2008 has been focused on the parks vast infrastructure which is being built to accommodate millions of visitors per year. To date, parking lots, roads, bridges, walkways and bathroom facilities have been completed. In 2008 more than 250 high quality concessionaires like Coca Cola (KO), have been selected for various sales outlets. As we move into 2009 we are pleased to announce that our focus will shift to rides, restaurants and entertainment venues. We look forward to opening the gates in 2009.

Vertigo Theme Parks - Buga, Colombia has also made great progress with its Vertigo Resorts Time Share Community; in 2008 we completed our first villa and were accepted into the RCI Time Share Community. We expect to begin sales of the time share units in 2009.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.