Parks! America, Inc. Issues 2024 Shareholder Letter

PINE MOUNTAIN, Georgia, March 12, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today issued its 2024 Shareholder Letter providing an update on the strategic direction of the Company for 2024 and on current developments.

Dear Parks! America Shareholders,

Since becoming the CEO of Parks! America in November of 2022, your Company encountered a challenging environment in 2023 ranging from a devastating EF3 tornado in March that hit our main property in Georgia causing a temporary shutdown, to an activist investor initiating a frivolous campaign of misinformation to essentially execute a hostile takeover of your company. We were able to safely reopen our Georgia property in just 20 days, due to the dedication and hard work of our employees and I am grateful for their outstanding efforts. I am pleased to report we are nearly fully recovered from all the tornado damage, and we fully expect to put this activist investor action behind us for the benefit of all Parks! America shareholders.

I am resolute in my commitment to steer Parks! America toward a brighter future, with enhanced shareholder value, grounded in transparency and integrity. I love this company, our valued employees and the unique entertainment and educational roles that our properties serve, and I am dedicated to enhancing those unique capabilities to the maximum extent possible.

I value your input and feedback tremendously, and I encourage you to continue sharing your perspectives with me. Your insights are invaluable as we navigate through this critical phase of our journey together. Rest assured that every decision I make is guided by our collective best interests and long-term success.

Now, let's discuss some of the strategic initiatives we are implementing to drive long-term value for our shareholders. After years of neglect from our prior CEO we are making the necessary investments to restore our properties as desirable destinations for new and returning customers and to communicate with our loyal shareholders on a regular basis.

• Investment in Park Assets and Amenities: We are committed to updating our park assets and amenities, which have been neglected in the past. In the near term, focus will be on improving infrastructure and facilities which were left neglected by my predecessor and enhancing the overall guest experience.
  
• Operational Efficiencies: We are working tirelessly to improve operational efficiencies across all our parks. By streamlining processes and optimizing resources, we aim to maximize productivity and profitability.