LOS ANGELES, Oct. 4 /PRNewswire-FirstCall/ -- Great American Family Parks, Inc. (OTC:GFAM) (BULLETIN BOARD: GFAM) , a company focused on buying and managing profitable theme parks and themed amusement attractions, announced today that Crossroads Convenience Center (CCC), the Company's wholly owned family of convenience stores in the greater Boise, Idaho region, reported unaudited preliminary financial results, on a stand-alone basis, for the month of August 2006. The CCC subsidiary generated revenues of approximately $942,000 for the month of August 2006 versus approximately $610,000 in August 2005, representing a year-over-year revenue increase of approximately 54%. Gross profits in August 2006 were approximately $212,000 as compared to approximately $113,000 in August 2005, representing a year-over-year revenue increase of approximately 88%. Gross Margins for August 2006 were approximately 23% as compared to approximately 19% in the year earlier period. Net Income was approximately $186,000 for the month of August 2006 as compared to approximately $66,000 in August 2005, representing an increase of approximately 182%. Net margins increased to approximately 20% in August 2006 from 11% in August 2005. For the eight month period ending August 31, 2006, CCC generated revenues of approximately $5,639,000 versus revenues of approximately $3,838,000 for the eight month period ending August 31, 2005, representing a year-over-year increase of approximately 47%. Gross Profits for the eight month period ending August 31, 2006 were approximately $675,000 as compared to gross profits of approximately $520,000 in the year earlier period, representing a year-over-year increase of approximately 30%. Gross margins for the eight month period ending August 31, 2006 were approximately 12% as compared to gross margins of approximately 14% for the year earlier period. Net income for the eight month period ending August 31, 2006 was approximately $196,000 as compared to net income of approximately $123,000 for the eight month period ending August 31, 2005. Net margins were approximately unchanged at 3% for the eight month period ending August 31, 2006 as compared to net margins of approximately 3% in the prior year period. Dr. Larry Eastland, Chief Executive Officer of Great American Family Parks, stated, "Crossroads Convenience Center has been a consistent performer for us, with recent momentum building in the month of August. CCC has already generated over five million dollars in revenues so far this year in 2006, a year over year improvement of approximately 47%. CCC has not only reached critical mass in terms of revenues, but its August profitability is also high, as measured by significant year over year improvements in both gross and net margins in August. In terms of revenue contribution, we saw sales improvements in August virtually across the board with our highest increases coming from tobacco, beverage, and grocery sales. We partially attribute these successes to the results of marketing efforts surrounding the opening of new stores at the Boise State University campus and The Idaho Center." August August % Year-Over-Year 2006 2005 Change Revenues $942,000 $610,000 54% Gross Profit $212,000 $113,000 88% Gross Margins 23% 19% Net Income $186,000 $66,000 182% Net Margins 20% 11% Eight Months Eight Months % Year-Over-Year 2006 2005 Change Revenues $5,639,000 $3,838,000 47% Gross Profit $675,000 $520,000 30% Gross Margins 12% 14% Net Income $196,000 $123,000 59% Net Margins 3% 3 % About Great American Family Parks: Great American Family Parks operates two wholly-owned subsidiaries. Wild Animal Safari, Inc. Crossroads Convenience Center. Great American Family Parks is focused on buying and managing profitable regional theme parks and themed amusement attractions. By building a family of parks, GFam plans to develop a series of compatible, yet distinct entertainment and amusement products, including themed amusement parks, associated products, food and beverage, and multimedia offerings. For more information on the Company, visit http://www.weloveparks.com/. Investor Relations: Equity Performance Group Bethany R. Tomich (617) 723-1465 http://www.equityperformancegroup.com/ Company Contact: Great American Family Parks Ashley Hull (208) 342-8888 Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. DATASOURCE: Great American Family Parks, Inc. CONTACT: investors, Bethany R. Tomich of Equity Performance Group, +1-617-723-1465, or , or http://www.equityperformancegroup.com/; or company contact, Ashley Hull, +1-208-342-8888, or , both for Great American Family Parks Web site: http://www.weloveparks.com/

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