Canlan Signs 11-year Lease to Create New 55,000 Sq. Ft. Multi - Sports Complex in Mississauga, Ontario
June 25 2012 - 7:00AM
PR Newswire (Canada)
- Canlan Sportsplex to be Company's first "non-ice" facility
focusing on field and court sports - BURNABY, BC, June 25, 2012
/CNW/ - Canlan Ice Sports Corp., industry-leading providers of
recreational sports and entertainment facilities across North
America, today announced it is expanding its Canadian operations
with the addition of "Canlan Sportsplex - Mississauga", a new,
55,000 square foot indoor sports complex to be located in
Mississauga, Ontario. "Due to the growth of soccer and other field
related sports, particularly in southwestern Ontario, the
Mississauga market represents a promising opportunity where we can
combine our proven expertise in offering highly successful adult
and youth recreational leagues, tournaments and programming with
the operation of a first class multi-sport facility," said Joey
St-Aubin, President and CEO of Canlan Ice Sports Corp. "The
location and demographics of this future facility are ideal as it
is situated in one of Canada's fastest growing and densely
populated cities. It is also conveniently accessible by car,
public transportation and is located near the Go Train line,
providing high accessibility and exposure to daily commuters."
Located at 3360 Wolfdale Road in Mississauga, Ontario, Canlan
intends to refurbish an existing vacant warehouse, previously used
as an assembly plant, by investing approximately $1.7 million
dollars of leasehold improvements to transform the building into a
multi-sport, recreational facility. This includes the
installation of two fully boarded indoor artificial turf fields,
one sport floor rink, three professional volleyball courts, along
with a fully-licensed food and beverage area, change rooms and
party rooms. The facility will have nine large overhead doors
which will easily transform the indoor sports center into an open
air sports complex to give participants the feeling of being
outdoors while remaining sheltered from the sun or rain in the
spring and summer periods. As operator of Canlan Sportsplex -
Mississauga, Canlan plans to offer multiple recreational leagues,
tournaments and programming including soccer, volleyball, ball
hockey, floor ball, lacrosse, roller hockey, flag football,
birthday parties, Corporate team building events, as well as camps
and instructional programs. Canlan expects to begin offering
its branded programs as early as the fall of this year. To
learn more about Canlan Sportsplex, please visit
www.canlansports.ca or contact Dan D'Alvise, General Manager at 905
366-1057. About Canlan Canlan Ice Sports Corp is the North American
leader in the development, operations and ownership of
multi-purpose recreation and entertainment facilities. We are the
largest private sector owner and operator of recreational ice
sports facilities in North America and currently own and/or manage
19 facilities in Canada and the United States with 60 surfaces
including ice rinks and indoor soccer fields as well as ball
diamonds, beach volleyball courts, outdoor soccer, curling and
pool. Canlan Ice Sports Corp. is listed on the Toronto Stock
Exchange under the symbol "ICE." For more information please
visit www.icesports.com. Caution concerning forward-looking
statements This document contains forward-looking statements, which
may be identified by words like "expects", "anticipates", "plans",
"intends", "indicates" or similar expressions. These statements are
not a guarantee of future performance and are inherently subject to
risks and uncertainties. The Company's actual results could differ
materially from those currently anticipated due to a number of
factors set forth in reports and other documents filed by the
Company with Canadian securities regulatory authorities from time
to time. SOURCE Canlan Ice Sports Corp. Image with caption: "Artist
rendition of Canlan Sportsplex - Mississauga. (CNW Group/Canlan Ice
Sports Corp.)". Image available at:
http://photos.newswire.ca/images/download/20120625_C3852_PHOTO_EN_15655.jpg
Canlan Ice Sports Corp. CONTACT: Canlan Ice Sports Corp.Michael F.
GellardSenior Vice President & CFO604 736-9152TMX EquicomPhilip
Dale416 815-0700 ext. 253pdale@equicomgroup.com
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