Parks! America Addresses False FC Assertions

PINE MOUNTAIN, Georgia, May 07, 2024 (GLOBE NEWSWIRE) -- Parks! America, Inc. (OTCPink: PRKA) (“Parks! America” or the “Company”), a leading operator of regional safari parks in the United States.

Dear Parks! America Shareholders,

On April 23, 2024, we filed our proxy statement for the upcoming June 6, 2024 Parks! America, Inc. (“PRKA” or the “Company”) Annual Meeting of Stockholders, and the mailing of the proxy commenced on April 26, 2024. Please read the information in this proxy carefully and cast your votes thoughtfully. We strongly encourage you to vote using the WHITE proxy card enclosed with your proxy.

If you have not received your proxy materials, including the WHITE proxy card, please immediately contact our proxy solicitor, Saratoga Proxy Consulting, LLC at [phone] or [e-mail].

Focused Compounding (“FC”) had committed to use a Blue proxy card; we urge you to NOT vote the FC Blue proxy card and to toss it in the trash. FC caused considerable confusion ahead of the February 26, 2024 Special Meeting of Stockholders by sending certain investors white proxy cards and others blue proxy cards. Additionally, the vote proxy by phone number included on FC’s mailed proxy card for Special Meeting directed shareholders to vote a proxy for China Jo-Jo Drugstores, Inc. This amateurish occurrence had the potential to disenfranchise our shareholders.

It’s been a wild ride since mid-December last year when FC launched their attempt at a hostile takeover of your Company without articulating any plans for the Company or offering a control premium to the remaining shareholders for the privilege of FC controlling the Company and its assets as they see fit. They attempted to bully the Board of Directors (the “Board”) into immediately turning over the Company and three days later called for a Special Election in the hope of removing the existing Board. They were wrong.

FC Continues to Reject Settlement Offers that are in the Best Interests of the Company and its Shareholders, and Instead has Unnecessarily Continued a Costly Campaign

It must be noted that the PRKA Board has offered FC board representation commensurate with their ownership percentage of PRKA to put an end to this needless and expensive proxy contest. FC owns 38.5% of the outstanding stock of PRKA. FC has been offered three of the seven seats that comprise the Board. In fact, that representation exceeds their percentage ownership of PRKA stock. FC has rejected ALL reasonable offers. We are left to conclude their singular interest is to control the Company without owning a majority of PRKA stock. The remainder of the PKRA shareholders need to seriously consider the implications of FC’s intentions.