Parks! America, Inc. Cites Focused Compounding’s Principals’ Lack of Relevant Corporate Experience

Stockholders Urged to Reject Costly and Distracting Proxy Contest

PINE MOUNTAIN, Georgia, March 27, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company”), a leading operator of regional safari parks in the United States, today advised stockholders of its view that the dissident slate of directors offered by Focused Compounding Fund, L.P. is not qualified to operate Parks! America as a public company. Parks! America urges stockholders to vote for the Company’s slate of director candidates. The full text of the letter to stockholders follows.

Dear Parks! America Stockholders:

The slate of nominees proposed by Focused Compounding Fund, L.P. (“FC”) is not qualified to run Parks! America, Inc. (“Parks! America” or the “Company”). The nominees have no experience operating a wildlife safari entertainment company or similar enterprise, and they have no experience running a public company and all that is involved from an operational and a regulatory perspective.

FC’s dissident slate of directors includes:

• Andrew Kuhn, age 27, an FC principal;
• Geoffrey Gannon, age 38, an FC principal;
• Jacob McDonough, age 31, founder and portfolio manager of McDonough Investments; and
• Ralph Molina, age 26, senior investor relations analyst at The Cheesecake Factory since January 2024.

These individuals are not prepared by training, education or experience to run a public company. Their experience appears to be entirely as investment advisors and commentators. They have not worked in senior management positions in any corporate environment, much less at a publicly traded company. They have never confronted the challenges of operating or managing a public company, including developing a strategic plan, executing on such plan, dealing with strategic vendors, managing and overseeing the well-being of employees or satisfying the regulatory-reporting and corporate-governance requirements that come with running a public company. Nothing in their backgrounds to this point suggests their ability or qualification to run a public company.

The two FC principals, Andrew Kuhn and Geoffrey Gannon, operate a small hedge fund – so small in fact that it is not even required to file quarterly regulatory reports. FC is exempt from reporting assets under management, return on its investments or past track record. While Mr. Kuhn and Mr. Gannon say they are effective investment advisors and stock traders, how can we know? They have not publicly disclosed their fund’s performance benchmarked against major indices. But even if they can show decent performance, they are investment advisors, stock traders and podcasters who have never occupied management positions at any public company, let alone senior management positions. Indeed, Mr. Kuhn and Mr. Gannon do not even have basic textbook training on how to manage a company. Both are high school graduates with no college or other advanced degrees.