International Theme Park Services, Inc. Signs Contract to Manage Istanbul Theme Park

Dennis Speigel, President of International Theme Park Services, Inc. (“ITPS”) and Enver Nalbant, Chairman of ORA Istanbul, announced today that ORA Istanbul has selected ITPS for the following services to their developing multi-faceted leisure, retail project: Feasibility Study, Design Review, Ride and Attraction Procurement, Pre-Opening Operating Services and Long-Term On-Site Management.

Mr. Nalbant said that after a global search for a management organization by ORA, ITPS was selected to be the company to manage this major new theme park project.

The Turkish project consists of Istanbul and Turkey’s first theme park, a major retail mall, large screen cinema complex and Turkey’s largest performing arts and concert arena.

Speigel said, “Istanbul, Turkey is a wonderful cosmopolitan city which needs and can sustain a major project of this type. The location in the market is a prime site which we believe will have the greatest opportunity for attracting the attendance segments to each facet of the project.”

Further Speigel said, “We have worked in Turkey for twenty years on various types of leisure attractions. This is by far the largest project of this nature to develop in Istanbul or Turkey. We are pleased to be selected as the management and coordinator for the theme park.”

ITPS is celebrating 25 years of service to the Theme Park Industry. The company has worked on over 450 projects in 45 countries since its formation in 1983.

The ORA Istanbul Theme Park was designed by Valerio Mazzoli.