PRESS RELEASE

FOR IMMEDIATE RELEASE

Space Park Bremen Announces Management Agreement
Signed with ProFun Management Group

Orlando, Florida - November 16, 2001 - PM

It was announced today that California-based ProFun Management Group, Inc. has been named as the management and operating company for Space Center in Space Park Bremen, Germany's first integrated entertainment and shopping center. Space Park Bremen is scheduled to open in Bremen, Germany in late 2002. "We at Space Center are very excited to have ProFun Management Group on board as our management company. It was felt that the expertise this group of professionals brings to the project would ensure a successful launch of this multi-faceted endeavor," said Juri Schuchmann and Hans Lippelt, General Managers of Space Park Bremen.

ProFun Management Group provides professional operating and management services to the leisure-time recreation industry worldwide. ProFun Management Group previously provided full-time operating management support to Volkswagen's highly touted Autostadt project in Wolfsburg, Germany. The company is affiliated with Management Resources, an experienced and highly respected full-service consulting company based in Tustin, California that has provided operational consulting services to the leisure industry since 1980. ProFun Management Group has a quality team of experienced management experts from both continents, headed by Mr. Mark Germyn, to address Space Center Bremen's management and operational requirements.

Space Park will be located in the city of Bremen located in northern Germany adjacent to the A1 Autobahn, one of the most important traffic connections in northern Germany. As the primary leisure and entertainment component of Space Park, the 22,000 square meter Space Center will offer visitors a theatrical voyage through outer space. Serving as an amusement center and an interactive learning and entertainment center, Space Center will be based on space explorations, space technology and science fiction. The projected annual attendance for this unique space experience is 1.5 million visitors.


In addition to Space Center, the development will include 44,000 square meters of retail area providing for a one-of-a-kind shopping experience, a 10 screen multi-plex movie theater with 2,600 seats, 25 restaurants and a food court with 16 outlets with over 4,000 seats, an Inside Residence Hotel and a 2,100 square meter Fitness/Wellness center. Space Park Bremen provides a large variety of areas for corporate and private events of all sizes up to a maximum of 15,000 people. Over thirteen million visitors are expected to visit Space Park Bremen annually.

With the elegant full scale Ariane Rocket as an imposing icon, Space Park Bremen promises to be Germany's departure gate for future discoveries, an exciting destination for convenience shopping and family entertainment.


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For more information contact:

 

Mr. Jim Benedick
ProFun Management Group
Telephone: (714) 832-5551
Fax: (714) 832-2166
e-mail: jbenedick@profungroup.com

For the ProFun Management Group website, go to:
http://www.ProFunGroup.com

 

 

 

 

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