Business
Canlan Ice Sports expands U.S. operations
- Leases New Jersey facility with option to purchase in 2013 - BURNABY, BC, Sept. 30 /CNW/ - Canl...
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"\n\n\n\n- Leases New Jersey facility with option to purchase in 2013 -\n\n\nBURNABY, BC, Sept. 30 /CNW/ - Canlan Ice Sports Corp. (TSX: ICE),\nproviders of the on-ice experience to youth and adults across North America,\nannounced today that it has entered into an agreement to manage the operations\nof the New Jersey-based Vineland Ice Arena through a lease-to-own initiative.\n\n\n"Expanding into strategic U.S. markets is a key component of our\nlong-term growth plan," said Grant Ballantyne, President and CEO of Canlan.\n"We are confident that by introducing a number of our proven programs that\ndeliver the hockey and skating experience to a general audience, such as the\nAdult Safe Hockey League and the Canlan Hockey and Skating Academies for\nyouth, we will be able to generate increased use of Vineland's facilities."\n\n\nCanlan will lease the Vineland Ice Facility, located in Vineland, New\nJersey, for a period of up to 52 months. At the conclusion of the lease,\nCanlan will have the option to purchase the two-pad facility. In the interim,\nCanlan will manage all aspects of Vineland's day-to-day operations, including\nits youth hockey league and tournaments. The official opening of the Canlan\nIce Sports Vineland facility will take place on October 11.\n\n\nAbout Canlan Ice Sports Corp.\n\n\nCanlan Ice Sports is the largest private sector operator of recreational\nice facilities in North America, with 65 playing surfaces, including two\nindoor soccer centres, at 22 facilities owned and/or managed in Canada and the\nUnited States. Through the Adult Safe Hockey League, Canlan operates the\nlargest adult recreational league in North America, with more than\n55,000 players. Canlan also offers a variety of other programs, including\nyouth leagues, hockey and figure skating academies and tournaments.\n\n\nCaution concerning forward-looking statements\n\n\nThis document contains forward-looking statements, which may be\nidentified by words like "expects", "anticipates", "plans", "intends",\n"indicates" or similar expressions. These statements are not a guarantee of\nfuture performance and are inherently subject to risks and uncertainties. The\nCompany's actual results could differ materially from those currently\nanticipated due to a number of factors set forth in...