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CAL EXPO Water Park To Receive Multi-Million Dollar
Extreme Makeover From New Raging Waters Team

New Water Attraction And Improvements To Debut May 12

Sacramento, CA - This May the Sacramento water park scene promises to get bigger and better with a new management team at the helm of the Cal Expo water park. Raging Waters, one of the leading operators of water parks in the country, is investing millions of dollars into park improvements including adding a major new attraction to the former Waterworld USA facility at the Cal Expo Fairgrounds.

The park’s newest water thrill ride will be Dragon’s Den, an attraction that drops at heart-pounding speed for nearly five stories while spiraling through enclosed tunnels into a narrow crevice that finally shoots the two-person raft into a clear pool of water. Dragon’s Den is for those who seek the ultimate water slide experience.

Raging Waters Sacramento, operated by Palace Entertainment, the largest owner and operator of water parks and family entertainment centers in the U.S., is slated to open May 12 with a Grand Opening set for May 19.

Three of Palace Entertainment’s water parks were recently selected by The Travel Channel and ABC’s “Good Morning America” as among the top 10 water parks in the nation.

Additional capital improvements and clean-up efforts are currently underway to upgrade the guest experience. Everything from resurfacing the slides for a smoother and faster ride to new bathrooms and changing facilities as well as behind the scenes improvement such as new systems to ensure excellent water quality through out the park.

“We are excited to add Sacramento to the Raging Waters family. It joins nearby Raging Waters San Jose as a destination for more fun and sun in Northern California,” said Al Weber Jr., president and CEO of Palace Entertainment, operator of Raging Waters Sacramento.

Weber continues, “We are making a sizeable investment into this park to ensure that it offers a tremendous entertainment opportunity for families seeking good value and lasting memories. We look forward to bringing back an attraction that Sacramento residents can be proud of calling their own.”

Located in the heart of the city, Raging Waters Sacramento will be the perfect destination for families of all ages. The Raging Waters reputation for cleanliness, quality of operation and friendliness will revive the Park, once again making it a popular summer attraction for Northern California residents and visitors.

Also making a huge splash in the park are perennial favorites such as Splashdown, Hurricane, Cliffhanger Speed Slides, Breaker Beach Wave Pool and the Shark Attack Waterslide complex. The park features more than 25 exhilarating water attractions, breath-taking slides, crystal clear pools and fun-filled activities for children and adults of all ages.

Those park goers in the mood for more chill than thrills can cool out in the tranquil waters of the Calypso Cooler Lazy River or frolic in Hooks Lagoon, a 5-story water kingdom with water slides, secret tubes and hundreds of water activities.

The park, open from Mid-May until Mid-September for splashing, sliding, sunning and more, will soon announce special grand opening prices making Raging Waters Sacramento one of the best entertainment values in the region.

Last November, Palace Entertainment announced it had acquired the rights to operate Waterworld USA at Cal Expo from the Six Flags organization. At that time, Palace Entertainment officials announced the intention to revitalize the park with new attractions, increase service levels and park care to ensure families have an outstanding guest experience.

With the addition of Raging Waters Sacramento, Palace Entertainment now operates 9 water parks and 24 family entertainment centers/ amusement parks throughout the United States. Collectively, the company hosts more than 10 million guests annually. When Raging Waters opens its gates, the Newport Beach, CA.-based concern will have three major waters parks in California – Raging Waters San Dimas, Raging Waters San Jose and Raging Waters Sacramento.

For more information about Raging Waters Sacramento, visit the company web site at RagingWaters.com

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Palace Entertainment Acquires
Northern California Water Park

New Park to Open May 2007 as Raging Waters Sacramento

Newport Beach, CA – Palace Entertainment, the largest owner and operator of water parks and family entertainment centers in the U.S., announced today that it has reached an agreement in principal to acquire Waterworld USA Cal Expo from the Six Flags organization.

The Park will be renamed Raging Waters Sacramento and will re-open in
May 2007.

Palace Entertainment currently operates 8 water parks and 24 family entertainment centers / amusement parks throughout the United States. Collectively, they host in excess of 10 million guests annually. With the acquisition of this Sacramento water park, the company will now have three major water parks in California – Raging Waters San Dimas, Raging Waters San Jose and Raging Waters Sacramento.

In total, Palace Entertainment will now own and operate 17 parks in California, employing more than 3,300 residents.

The new Raging Waters Sacramento consists of 25 water rides including thrilling slides, a wave pool and a lazy river. The Park also features a lagoon with a 5-story water kingdom, featuring water slides, secret tubes and hundreds of water activities. In addition to plans to improve the existing facilities, Palace Entertainment is currently working on a major new attraction for next season that will be announced soon. Open from mid-May to mid-September, the Park is located in the center of Sacramento on the Cal Expo grounds off the Capital City Freeway at Exposition Blvd.

Palace Entertainment manages a geographically diverse portfolio of family-oriented parks in eight states, operating under established brand names such as Boomers!®, Malibu Grand Prix®, Mountasia™, Raging Waters®, SpeedZone®, Splish Splash™, Silver Springs®, Big Kahuna’s® and Wet ‘N Wild®.

The company is principally owned by MidOcean Partners, LLP, a $3 billion private equity fund headquartered in New York and London. MidOcean acquired Palace Entertainment in April 2006, with the goals of increasing its entertainment portfolio and improving the company’s quality of operations.

Palace’s management team is led by Al Weber Jr., President & CEO. With respect to the prospective new water park, Mr. Weber announced, “we are very excited about welcoming Raging Waters Sacramento into the Palace Entertainment family of parks, and have big plans for new attractions, increased service levels and providing families with an outstanding guest experience. Combining the park’s already strong community image with Palace Entertainment’s commitment to guest service, Raging Waters Sacramento will join Raging Waters San Jose as the best places to play in Northern California.”

Three of Palace Entertainment’s water parks were recently selected by The Travel Channel and ABC’s “Good Morning America” as among the top 10 water parks in the nation.

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