Kennywood Entertainment Sees a Perfect Fit With Acquisition of Family Oriented Theme Park - Story Land - in New Hampshire

    WEST MIFFLIN, Pa., May 1 /PRNewswire/ -- Peter J. McAneny, president of
 Kennywood Entertainment, and Nancy L. Morrell, president of Morrell
 Corporation of Glen, NH, announce today a June 2007 closing is planned for
 the sale of the Morrell Corporation and its Story Land children's theme
 park to Kennywood Entertainment. McAneny stated, "Kennywood Entertainment
 is in the business of operating clean, beautiful, family parks. I do not
 think we could find a better fit for our organization than Story Land."
     Morrell Corporation president Nancy Morrell, the daughter of the
 company's late founders, and the successor to her late brother, R. Stoning
 (Stoney) Morrell, announced the sale agreement to Story Land employees on
 May 1, introducing Kennywood president Pete McAneny. "From Story Land's
 standpoint, we view this more as a marriage into a larger family of theme
 parks, than a sale," said Nancy Morrell. "We evaluated a number of options
 to ensure the long-term success of the park that my parents and my brother
 dedicated so much of their lives to, and believe Kennywood provides the
 best opportunity to preserve their theme park legacy. We're honored that
 Kennywood considers us a good fit."
     About Story Land:
     Story Land, now in its 54th season, is located in New Hampshire's White
 Mountains region, on Route 16 in Glen, NH. Admission includes rides and
 shows, numerous unique play areas, and live storybook characters. Founded
 by Robert S. and Ruth T. Morrell in 1954, the park has operated
 continuously under two generations of Morrell family ownership, growing
 from a roadside attraction into one of New Hampshire's most popular summer
 destinations. For more information, call 603-383-4186, or visit
 http://www.storylandnh.com .
     About Kennywood Entertainment:
     Kennywood Entertainment Company, owns and operates parks in Pittsburgh:
 Kennywood, internationally known as one of the finest traditional amusement
 parks in the world, and Sandcastle Waterpark and Riverplex (an
 old-fashioned picnic park) both located on former steel mill property along
 the Monongahela River; in Ligonier, PA: Idlewild & SoakZone, ranked by
 Amusement Today readers as the second best children's park in the world; in
 Bristol, CT, America's oldest theme park, Lake Compounce. For more
 information visit http://www.kennywood.com ,
 http://www.sandcastlewaterpark.com , http://www.idlewild.com or
 http://www.lakecompounce.com .
 
 

SOURCE Kennywood Entertainment Company