Genco Corporation Continues Process of Converting Rosebowl Speedway
28 September 2011 - 8:30PM
Business Wire
Genco Corporation (PINK SHEETS: GNCC) has begun the process
of converting the historic Rosebowl speedway into an outdoor
Amphitheater in Winona, Texas. The historic Rosebowl Speedway will
re-open to the public in 2012 as The Rosebowl Amphitheater. When
the conversion is complete, the Rosebowl is expected to seat over
12,000 customers. According to Digital Music News, the average
concert ticket price in the US for 2011 is $37.55. The Rose Bowl
plans to hold over 90 concert events a year. Based on Averages, the
Rosebowl could gross $40,554,000 per year on ticket sales alone.
Management plans to begin Outdoor Concerts and events at the new
Rosebowl Amphitheater in March of 2012. The newly opened outdoor
Amphitheater will feature food concessions and an outdoor movie
screen. The new and modern venue will host local and world-class
entertainment consisting of live music, plays, fairs, and
festivals, and outdoor surround sound cinema events.
About: Genco Corporation is a developer specializing in
underutilized properties, event centers and buildings. The company
also operates as a promoter, marketer and sponsor of activities
such as concerts, and festivals. The Company also plans to provide
souvenir-merchandising services, food and beverage at the Rosebowl
Amphitheater and other sports and music related events. Management
is actively seeking similar acquisitions.
www.gencocorp.com
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important
factors currently known to management that could cause actual
results to differ materially from those in forward-looking
statements include fluctuation of operating results, the ability to
compete successfully, and the ability to complete before-mentioned
transactions. The Company or management undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events, or changes to
future operating results.
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