25 Jun 2014 07:00
Date: | 25 June 2014 |
On behalf of: | Paragon Entertainment Limited ("Paragon", the "Company" or the "Group") |
Embargoed until 0700hrs | |
Paragon Entertainment Limited
First Yu Kids Ukraine in progress
Paragon Entertainment Limited (PEL), the AIM-listed design and build, proprietary attractions and licensing and distribution company, is delighted to announce progress by its licensing and distribution division with its work with the Yu Kids brand.
The first Yu Kids in the Ukraine has been sold by the Group, to be installed in August 2014 following a deal with Art Mall in Kiev. The soft play centre will be 350 sqm and be the first Yu Kids in the region.
Paragon has the rights to distribute Yu Kids, the unique 'Soft Play' system in the UK and globally in Ireland, France, Spain, Portugal, Switzerland, Germany, Austria, South Africa, Ghana, Nigeria, Kenya and the Ukraine. There are currently 350 Yu Kids open, mainly in Japan, USA, Israel and South America.
Mark Pyrah, CEO of Paragon Entertainment commented:
"The progress we have made with Yu Kids illustrates our wider strategy to diversify our revenue streams through our growing Licensing and Attractions Divisions. The wider soft play market has seen very little innovation for over a decade, and we are confident that Yu Kids offers a different experience for both kids and their parents. In addition, this project demonstrates the demand for the brand in emerging attraction markets."
For further information:
Paragon Entertainment Limited Mark Pyrah / Richard Arden
Cenkos Securities Yvonne Cantu / Julian Morse |
Via Redleaf Polhill
020 7397 8900
|
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 include:
§ The thematic and fit-out contractor for Kidzania London
§ 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 2011.
Further information can be found at: http://www.paragonent.com/