Parks! America Interim Chairman Issues Open Letter to Shareholders

PINE MOUNTAIN, Georgia, April 17, 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 issued an open letter to shareholders from interim Chairman Charles Kohnen.

Dear Parks! America Shareholders,

My name is Charles Kohnen. I am Parks! America’s interim Chairman of the Board.

I would like to address those shareholders who believe they have been misled or are being disenfranchised by the self-serving interests of the principals of Focused Compounding Fund, L.P. (“FC”). If you invested, whether directly or indirectly, in the Company based on information from FC, Kuhn Capital Partners, Whitney Kuhn LLC, PRKAproxyfight.com, Andrew Kuhn’s X (formerly Twitter) account or any other Andrew Kuhn or Geoff Gannon-related vehicle, then we would like to hear from you.

If you feel like you are being used as a mere pawn in FC’s ill-advised, hubristic attempt for its principals to gain control of our Company for themselves, then please contact Parks! America via phone at [phone] or email at [e-mail]. To ensure our prompt attention, please include “To Charles Kohnen” in the subject line if you decide to email the Company.

It takes courage to stand up and do the right thing rather than stay silent, but the alternative is the likely ruination of your Company and loss of investment if FC were to take control. I have a lot of “skin in this game.” I currently control 22,954,471 shares (30.3%) of Parks! America. I am a longtime buyer of shares on the open market and am aligned with my fellow PRKA shareholders. My only desire is to see this Company become operationally excellent and consistently profitable in the coming years. That is why I have continually invested in this Company.

In a letter to the Board of Directors of PRKA dated January 8, 2024, Geoff Gannon, one of FC’s principals, wrote about why they intended to conduct this proxy contest:

• “I’m writing to make our gripe clear. That word “gripe” is in the singular because we only have one. We’re running a single issue campaign. We’re not saying there’s anything wrong with the way you’re running the company. We’re saying you’re wrong to be running the company….”
  

The single issue referenced above by Gannon was PRKA not holding annual shareholder meetings since 2010. Previous Chairman and CEO Dale Van Voorhis was adamantly against holding annual meetings citing cost concerns. By virtue of a number of conversations during 2023 with Lisa Brady, the principals of FC knew full well of the Company’s plans to hold an annual meeting in 2024. They have conveniently not mentioned those discussions. This is disingenuous.