24 Jul 2014 07:00
Date: | 24 July 2014 |
On behalf of: | Paragon Entertainment Limited ("Paragon", the "Company" or the "Group") |
Embargoed until 0700hrs | |
Paragon Entertainment Limited
First HiLo Sale
Paragon Entertainment Limited (AIM: PEL), the AIM-listed company which designs and builds attractions, develops proprietary attractions and licenses and distributes related offerings, is pleased to announce the first sale of its HiLo product, a geodesic climbing dome. The opening of HiLo at Gulliver's Land, Milton Keynes, is expected in October 2014.
HiLo sits within Paragon Entertainment's Licensing division, which is well-placed to take advantage of key third party intellectual property licences and product distribution agreements.
Paragon Entertainment, CEO, Mark Pyrah said:
"Our stated strategy includes the development of the Licensing division, and today's announcement is a clear demonstration of Paragon's investment in its portfolio of licenses and products. Management believes there is good potential for HiLo across the UK and beyond and we look forward to updating the market with our progress."
- ENDS -
For further information:
Paragon Entertainment Limited Mark Pyrah/Richard Arden
finnCap Limited Julian Blunt/Simon Hicks (Nomad)
|
Via Redleaf Polhill
020 7220 0500
|
Redleaf Polhill Dwight Burden/Jenny Bahr/ Rachael Brown |
paragon@redleafpr.com 020 7382 4730 |
Notes to Editors
Paragon Entertainment Limited (AIM:PEL) is an award-winning provider of attraction services with the expertise to create, develop and operate world-class visitor attractions.
It is the holding company for:
· Paragon Creative, a business with a long history of designing and building museums, visitor centres and attractions
· Paragon Attractions, which conceptualises, develops, owns and operates proprietary attractions
· Paragon Licensing, a company that develops branded attractions and distributes attraction products
The Group's current and recent projects and transactions include:
· The design and build of The Olympic Museum for the IOC in Lausanne, Switzerland
· The design and build of Titanic Belfast
· The build of the Wallace and Gromit ride at Blackpool Pleasure Beach
· A Licensing agreement with Hasbro to develop Nerf branded attractions and distribution agreements with Yu Kids and HiLo
The Group listed on AIM in late 2011.
Further information can be found at: http://www.paragonent.com/