12 Aug 2014 07:00
Date: | 12 August 2014 |
On behalf of: | Paragon Entertainment Limited ("Paragon", the "Company" or the "Group") |
Embargoed until 0700hrs | |
KidSteam Distribution Agreement
- Exclusive five year agreement with Certified Value Inc, Dallas, USA
- PEL will distribute the KidSteam electric trackless trains and interactive kid-powered train rides across Europe, Middle East and Africa
Paragon Entertainment Limited (AIM: PEL), the AIM-listed design and build, proprietary attractions and licensing and distribution company, is pleased to announce that it has signed an exclusive five year agreement with Certified Value Inc, to distribute its KidSteam range of electric trackless trains and interactive kid-powered train rides in Europe, Middle East and Africa.
Based in Dallas, Texas, Certified Value Inc, the supplier of the KidSteam range of rides, has installed KidSteam rides in over 40 countries around the world. The KidSteam products have featured on Disney TV and Nickelodeon TV productions.
Commenting on the deal, Mark Pyrah, CEO of Paragon Entertainment, said:
"We are delighted to announce this agreement as KidSteam produces a fantastic range of children's train rides which have wide-reaching appeal. We look forward to working with KidSteam, and utilising our in-depth knowledge of distribution within these markets to further its geographic reach."
John Hampton, Managing Director of Certified Value Inc, said:
"This is an exciting step for our business and we look forward expanding our product footprint into the complementary markets in which Paragon operates. Working together with Paragon will enable us to continue giving kids wonderful experiences on our unique ride systems."
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 company which designs and builds world-class visitor attractions for third parties, develops proprietary attractions, and licenses and distributes related offerings.
It is the holding company for:
§ Paragon Creative, a business with a long history of designing and building museums, visitor centres and attractions for third parties
§ Paragon Attractions, which develops, owns and operates proprietary attractions
§ Paragon Licensing, a company which licenses and distributes attractions-related intellectual property and products
The Group's current and recent projects 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 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/