TEMPE, Ariz.--(BUSINESS WIRE)--Global Entertainment Corporation (OTCBB: GNTP) announced today that one of its seven subsidiaries, Encore Facility Management (Encore), has been awarded the management contract for the Dodge City/Ford County Events Center which just recently held its groundbreaking ceremonies on October 27, 2009. The $41.5 million, 4,220 fixed-seat multi-purpose events center with attached 10,000 square foot convention center is being constructed in the nation’s heartland for Ford County and the City of Dodge City, Kansas with an anticipated opening of February 2011.
Encore and its related companies, Global Entertainment Management Systems (GEMS), Global Entertainment Ticketing (GetTix.Net) and Global Food Services (GFS), present a turnkey management service that provides a full complement of operational services for multi-purpose events centers. Encore will provide pre-opening and ongoing management, operations; sales and marketing (GEMS); event booking, ticketing (GetTix.Net) and food and beverage services (GFS) for the Dodge City/Ford County Events Center. As part of the contract, Encore will also assume responsibility and provide these services for the existing Dodge City Civic Center.
The Dodge City/Ford County Events Center with its state-of-the-art design will be located in a new development west of town and strategically located adjacent to the Boot Hill Casino & Resort. The decade-long concept for the project will include an estimated 13 luxury suites and VIP seating along with lounges, an events garden and meeting rooms. The seating capacity for concerts will accommodate 6,060 and the conference center can provide for 1,000 people in a lecture room configuration. The facility will also host trade shows, rodeos and other ice events.
Other Global subsidiaries providing services include:
Richard Kozuback, Global Entertainment Corporation president and chief executive officer, said, “We are very pleased to offer the Events Center in Dodge City and Ford County the services of Encore Facility Management. Our extensive experience will serve the center and community well. We are very excited to take the next step in the maturation of the project and in opening the Events Center for everyone in Dodge City and Ford County.”
Commenting further, Kozuback stated, “This announcement follows a very active development period for our company which just recently celebrated the grand opening of similar projects in Allen, Texas (Allen Event Center) and Independence, Missouri (Independence Events Center).”
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Global Entertainment Corporation is an integrated events and entertainment company focused on mid-size communities that is engaged, through its seven wholly owned subsidiaries, in sports management, multi-purpose events and entertainment centers and related real estate development, facility and venue management and marketing and venue ticketing. Global Properties I, in correlation with arena development projects, works to maximize value and develop potential new properties. International Coliseums Company, Inc. (ICC) serves as project manager for arena development while Encore Facility Management and GEC Food Service, LLC coordinates arena operations and concessions. Global Entertainment Marketing Systems (GEMS) pursues licensing and marketing opportunities related to the Company’s sports management and arena developments and operations. Global Entertainment Ticketing (GetTix.Net) is a ticketing company for sports and entertainment venues. The Western Professional Hockey League, Inc., through a joint operating agreement with the Central Hockey League, is the operator and franchisor of professional minor league hockey teams in nine states.
Certain statements in this release may be "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of capital expenditures; projections of growth; hiring plans; plans for future operations; financing needs or plans; plans relating to the company's products and services; and assumptions relating to the foregoing.
Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information.
Some of the important factors that could cause the company's actual results to differ materially from those projected in forward-looking statements made by the company include, but are not limited to, the following: intense competition within the sports and entertainment industries, past and future acquisitions, expanding operations into new markets, risk of business interruption, management of rapid growth, need for additional financing, changing consumer demands, dependence on key personnel, sales and income tax uncertainty and increasing marketing, management, occupancy and other administrative costs.