Centerplate to Serve Leading Indianapolis Attractions
25 Abril 2008 - 9:21AM
PR Newswire (US)
2008 Annualized Revenues from New Business Over $48 Million
STAMFORD, Conn., April 25 /PRNewswire-FirstCall/ -- Centerplate,
Inc. (Amex: CVP; TSX: CVP.un), the Stamford, Connecticut-based
entertainment hospitality company, announced today the acquisition
of four food and beverage service contracts from Sun Capital,
parent company of Crystal Food Services. The contracts,
representing $12 million in annual revenues, will add three of
Indianapolis' premier meeting and entertainment venues to the
company's client roster: the Indiana State Museum, the Indianapolis
Zoo and the Murat Centre and will allow the company to retain the
Indianapolis Convention Center, which was set to expire in June
2008. With the addition of these accounts, Centerplate's to-date
2008 annualized revenues from new business now represent over $48
million. "We are excited to be opening the Lucas Oil Stadium, the
future home of our current partners, the Indianapolis Colts, this
summer. The addition of these clients solidifies our presence in
Indianapolis and further enhances our position nationally as a
pre-eminent caterer to marquee venues," said Janet Steinmayer,
President and CEO of Centerplate. The Indiana Convention Center is
currently undergoing a $275 million expansion to be completed in
2010, which will increase its exhibition, meeting room, ballroom
and pre-function space to over one million square feet. The
Indianapolis Zoo and the Indiana State Museum, both located in
White River State Park, are two of Indianapolis's most popular
entertainment destinations, hosting over one million visitors each
year at the zoo, aquarium and museum attractions. The Murat Centre,
the largest theater in Indianapolis, is one of Indiana's most
distinctive landmarks and maintains a listing on the National
Register of Historic Places; it hosts a wide variety of special
events ranging from Broadway productions to nationally touring
concerts. Ms. Steinmayer further commented, "The addition of these
accounts aligns extremely well with our overall strategy. These
properties are prominent Indiana destinations, which will enable us
to efficiently apply our knowledge of the market and unique food
and beverage approach to build business." About Centerplate
Centerplate crafts and delivers extraordinary entertainment
experiences in over 130 prominent sports, entertainment and
convention venues across North America. Centerplate has provided
its services to many high profile events including 24 World Series
games, 9 U.S. Presidential Inaugural Balls, 11 Super Bowls
(including the most recent in Arizona), 9 NCAA Final Four Men's
Basketball Tournaments and 14 World Cup Soccer games. Visit the
company online at http://www.centerplate.com/ . Media Contact: Bob
Pascal 917.863.2646 Investors Contact: Gael Doar 203-975-5941
DATASOURCE: Centerplate, Inc. CONTACT: Media Contact: Bob Pascal,
+1-917-863-2646, , or Investors Contact: Gael Doar,
+1-203-975-5941, , both of Centerplate, Inc. Web site:
http://www.centerplate.com/
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