BOCA RATON, Fla.--(BUSINESS WIRE)--Vertigo Theme Parks, Inc. (Vertigo) (Pink Sheets:VTPK), a theme park company featuring Adrenaline Rush Adventures with its premier park, "Vertigo Park," located just outside of Cali at Club Estancia de la Plaz in Buga-Quebrada Seca Valle Del Cauca, Colombia, today announced that Michael Jay Solomon has joined its Board of Directors as Chairman effective March 20, 2007. “We are privileged to have Michael join our Board of Directors as Chairman,” said Kevin Johnson, CEO of Vertigo. “He is a true visionary. We are looking forward to his leadership and insight at Vertigo.” Mr. Solomon brings to Vertigo 50 years of experience as a successful executive and entrepreneur in the entertainment industry.
Michael Jay Solomon began his career in film distribution by loading films onto trucks for United Artists at the age of 18 in 1956. He joined United Artists’ International Division in 1959 and by 1960 was selling theatrical films from Panama to Central America and later Bogotá, Colombia. At age 24, he became the youngest field manager in the history of the motion picture industry when he headed up United Artists’ office in Lima, Peru. In 1964, he started up MCA’s Latin American Television Division while based in Mexico and later Brazil. By age 30, Mr. Solomon became MCA’s youngest vice president, and eventually had international responsibilities.
In 1978, he co-founded Telepictures Corporation, which went on to become the largest U.S. television syndication company and one of the largest international television distribution companies, as well as the owner and operator of six television stations in the U.S. Telepictures became a public company (NASDAQ) after only 14 months under the leadership of Mr. Solomon as Chairman and CEO.
In 1985, when Telepictures merged with Lorimar to form Lorimar Telepictures Corp., Mr. Solomon became the new company’s President and served on its Board of Directors. Mr. Solomon, with his partners, led Lorimar Telepictures to become the largest television production and distribution company in the world, producing TV series such as Dallas, Falcon Crest, Knot’s Landing and many more. Lorimar Telepictures stock was traded on the American Stock Exchange.
In 1989, when Lorimar Telepictures was acquired by Warner Bros., Mr. Solomon became President of Warner Bros. International Television; heading up the company’s sales and marketing to television, cable and satellite companies outside of the U.S. Under his leadership, Warner Bros. became the largest TV program distribution company in the world, outperforming its competitors by 250%. He was also responsible for investments in the telecommunications area internationally. He is a co-founder of HBO OLE, the leading pay-TV service in Latin America, and opened the door to Western programming in China, Russia, India and many more third-world countries. He was the first international distributor of The Grammys, MTV and “E” Entertainment Channel, and is a Founder of the American Film Market Association. He is also known as the father of the Israeli Cable Industry.
Following a five-year tenure at Warner Bros. in which he increased international television revenues more than 400 percent and built a lasting international structure, Mr. Solomon left in April 1994 to launch his own television communications companies, Solomon Entertainment Enterprises.
For three years he created the largest Midway Company in North America consisting of rides, food and games, serving state and county fairs. He literally changed for the better a 125-year-old industry, and consolidated six of the largest private companies under one umbrella. This business was bought out by a large investment fund.
From 2003 to 2005 Mr. Solomon was Chairman of AGU Entertainment Corp., now known as Tube Media Corp., the nation’s first 24-hour pure music digital network available in 18 million digital cable homes. He is still a major stockholder in the corporation.
Mr. Solomon is a significant financial investor and managing partner of “Ancient Treasures of the Holy Land,” an historical archeological museum-like exhibition. The exhibition features the largest collection of Holy Land antiquities ever to be seen in the United States. It includes 350 priceless artifacts, including the Dead Sea Scrolls, dating back 2,500 to 5,000 years. Having commenced in September 2006 in Atlanta, the exhibition includes the sale of nine paintings of Israel by Thomas Kinkade, including a DVD of Kinkade’s trip to Israel which Mr. Solomon produced. It is now located in Dallas at the State Fair Grounds.
His main focus today is Solomon Entertainment Enterprises (SEE) – a worldwide content provider to all forms of television, home video, internet and wireless phones. He is President and CEO of SEE, and expects this company to grow into a major provider of entertainment content throughout the world.
Mr. Solomon serves on the Board of Directors of Industrial Enterprises of America (OTC), a specialty automotive aftermarket supplier. He also serves on the Board of Overseers of New York University’s Stern School of Business (18 years), is a Founder of The Sam Spiegel Film & Television School in Jerusalem, and was Founding Chairman of The Jerusalem Foundation of the West Coast of the United States. He was educated at New York University’s Stern School of Business and Boston’s Emerson College, where he was awarded an honorary Doctor of Law degree.
About Vertigo Park at Estancia
Estancia is located only two miles from the famous pilgrimage city of Buga, Colombia (www.clubestancia.com). This old city serves as a pilgrimage center for over 4 million pilgrims/visitors a year that arrive from the different towns and cities of Colombia and the rest of the South and Central America to visit the Basilica de Buga, home to the sacred shrine "EL Senor de Los Milagros". In Buga, besides the visit to the Basilica, there are currently no other activities for visitors. Estancia with its more than 2.5 million square meters of land will serve as the new tourist magnet to keep many visitors in the area with its Vertigo Park, 3000 Luxury Timeshare Vacation Rentals and Outdoor Eco Equestrian Sports Complex.
Vertigo Park will include a unique Shopping Center that serves as the entrance featuring shopping, outlet bargain stores, restaurants, Movie Theater, arcades and will offer festivities on a daily basis. The park will feature Vertigo Force, a launch Coaster with a track longer than 8,000 feet and reaching heights of over 300 feet installed naturally over canyons already staged as the topography of the site. The Coaster will have 4 cars that carry 12 passengers each, leaving the station every 35 seconds. There will be four additional Coasters within the park as well as rides for children of all ages. The Park will also offer Animal Shows, Horse Shows, Dance Shows, Games, Musical Events and Reality Shows.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.