Panama City Beach, FL (PRWEB) October 16, 2007
Representatives of the VFW Companies Group announced today the formation of an investment arm that will focus on capital investment for major new themed attractions and theme park development in the Florida Panhandle. The new entity - the Great Beach Attractions Corporation "GBAC" (http://www.greatbeachattractions.com) - will act as an investment holding company for such developments, with the VFW Companies Group organizing acquisitions, planning, and construction for each GBAC project.
"We've formed Great Beach Attractions Corporation to expedite our attractions development activities for Northwest Florida," said Frank Wood, Jr., Chairman and CEO for the VFW Cmopanies Group, "we've been proceeding with concept development for new attractions, site selection, and capital formation, as well as possible licensing and attractions management. It is exciting to see the level of interest."
The VFW Companies (http://www.VFWcompanies.com) is an active commercial developer, home builder, and general contractor, with an in-house services team providing comprehensive property management and operational support. The Company leverages its expertise in these areas with a matrix-style project management and implementation organization that includes third-party design, construction, and consulting professionals.
"We have long believed that our combination here of the best beaches in the Southeast U.S., and a brace of world-class attractions, will be an unbeatable combination to attraction visitors, meetings and conventions, and new residents to the area," said Mr. Wood, "we believe the next ten years are going to be the decade of the Florida Panhandle."
"One of the great economic booms in this region's history is about to commence," said Donald Bredberg, Managing Director of StoneCreek Partners LLC (http://www.stonecreekllc.com) and an advisor to the VFW Companies Group on area-wide attractions, theme park, and tourism development. "The new Panama City-Bay County International Airport has cleared its environment hurdles and is being readied for construction. When the new international airport opens up the world to Panama City Beach, Bay County, and rest of the region, visitor demographics and seasonality will fundamentally expand. This is the first new international airport in the U.S. in a very long time. This region is going to be connected to the rest of the U.S., the Caribbean, and Latin and South America for the first time."
The VFW Companies Group, Inc. was formed by Frank Wood, Jr. in February, 2006 to act as the umbrella organization for a diverse portfolio of projects. The VFW Companies Group has invested significantly in real estate in Florida's Panhandle, focusing initially on Panama City Beach and greater Bay County. The Company is now expanding its project focus to encompass additional opportunities throughout Northwest Florida. Real estate in Panama City Beach has been a major focus of the Company since its inception. Panama City Beach is the heart of the Bay County region, and a major driver in Florida Panhandle economic development, a fact that is expected to be even more evident as the new Panama City Beach - Bay County Airport moves into construction.
VFW Companies Group is actively exploring next opportunities for its portfolio, and welcomes submissions that describe potential acquisitions or investment, recognizing the company's focus in Bay County, Florida, and throughout the Florida Panhandle. If a prospective acquisition or investment opportunity is elsewhere in the Southeast U.S., such projects may be considered if clearly within the core competency and interest of the Company.
For more information about this media release, please contact David Mitchel at Adventure Entertainment's iMedia unit (http://www.adventureEC.com).
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