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Parks America, Inc. Symbol:  PRKA Click here for a printable version Business Summary: Parks! America, Inc. engages in the acquisition, development, and operation of local and regional theme parks and attractions in the United States and internationally.   Address   208 South Academy Avenue   Suite 130   Eagle , ID 83616   Phone: 208-342-8888   Website: http://www.weloveparks.com Auditor   Madsen & Associates Transfer Agent   OTC Stock Transfer, Inc. Employees:  35 ShareHolders:  3228 Founded:  1954 Domicile:  Nevada      S & P Disclaimer   Parks America, Inc. Symbol:  PRKA Click here for a printable version Parks! America, Inc. engages in the acquisition, development, and operation of local and regional theme parks and attractions in the United States and internationally. The company, through its subsidiaries, owns and operates the Wild Animal Safari theme park in Pine Mountain, Georgia; and the Animal Paradise Family fun park in Strafford, Missouri. It also operates a gift shop, a restaurant, an ice cream parlor, an arcade, a picnic and group recreation area, lakes, a pavilion, and concessions, as well as a wildlife museum in the Wild Animal Safari theme park. In addition, Parks! America owns and operates a staffing services company that provides temporary industrial, construction, service, and clerical staffing services nationwide. The company, formerly known as Great American Family Parks, Inc., is based in Santa Monica, California. History:  INCORPORATED in Nevada July 19, 2002, as Royal Pacific Resources, Inc.; and on Sept. 27, 2002, merged Painted Desert Uranium & Oil Co., Inc., a Washington corporation organized on July 30, 1954. Name changed to Great American Family Parks, Inc. Jan. 26, 2004; and to Parks America, Inc. June 25, 2008. December 19, 2003, acquired the assets of Great Western Parks, LLC, including the Crossroads Convenience Center, for 27,067,000 Common shares. June 13, 2005, completed the acquisition of Pine Mountain Wild Animal Park located in Pine Mountain, GA. At closing, the company paid $350,000 in cash and a promissory note for $350,000 for the park assets. The company also entered into a real estate purchase agreement for the underlying land and all buildings, improvements and fixtures of the park for $4,000,000 ($2,000,000 in cash at closing and a promissory note for $2,000,000).   Subsidiaries: Crossroads Convenience Center LLC GFAM Management Corporation Wild Animal Safari, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2006   119   2005   4,853   2004   14        S & P Disclaimer   Parks America, Inc. Symbol:  PRKA Click here for a printable version Management Officers Position  Larry L. Eastland Chairman & Chief Executive Officer  Dale W. Van Voorhis President & Chief Operating Officer  Richard  Jackson Chief Financial Officer & Chief Accounting Officer  Tristan R. Pico Secretary  Jack  Klosterman Treasurer  Richard W. Jackson Investor Relations Contact Directors  Christopher L. Eastland  Larry L. Eastland  Stan  Harper  Richard  Jackson  Jane  Klosterman  Jeff  Lococo  James R. Miekle  Tristan R. Pico      S & P Disclaimer   Parks America, Inc. Symbol:  PRKA Click here for a printable version   Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Common $0.001 par 300,000,000 52,106,537 Preferred $0.001 par 10,000,000 None   LONG TERM DEBT: $4,627,737.   Common $0.001 par   Stockholders:  04/11/2008, 3228. Transfer Agent:  OTC Stock Transfer, Inc.   Salt Lake City , UT   OTC Bulletin Board( Primary): PRKA   Exchange Year High Low OTC Bulletin Board 2007 0.1700 0.0600 OTC Bulletin Board 2006 0.4000 0.1000 Over The Counter 2005 1.6000 0.3800 Over The Counter 2004 3.0600 0.6000   DIVIDENDS: Common $0.001 par: No cash. Common reverse split 1-for-6, Feb. 3, 2004.        S & P Disclaimer   Parks America, Inc. Symbol:  PRKA Click here for a printable version Annual Report   Income Statement   2007 2006 SALES $4,907,037 $9,329,283 COST OF SALES 2,227,420 7,098,801 Gross profit 2,679,617 2,230,482 OPERATING EXPENSES Administrative 2,165,844 3,237,525 Depreciation and amortization 181,421 267,266 Total operating expenses 2,347,265 3,504,791 NET PROFIT (LOSS) FROM OPERATIONS 332,352 (1,274,309) OTHER INCOME & EXPENSES Sales of assets-net (15,654) 1,939,484 Other Income 175,649 24,767 Other Expense (1,231) - Interest Expense (190,519) (267,343) NET PROFITS (LOSS) $300,597 $422,599 The accompanying notes are an integral part of these financial statements. Operating Income As Calculated Depr. and Amort. Fixed Charges Coverage: Available for Fixed Charges Gross Fixed Charges Fixed Charges Times Earnings Fixed Charges Coverages and Preferred Dividends Times Earnings Capital Expenditures Research & Development Expenditures   Balance Sheet   2007 ASSETS CURRENT ASSETS Cash $554,212 Accounts receivable - trade 1,162,340 Inventory 92,462 Advances 1,641 Prepaid expenses 3,308 Prepaid insurance 155,544 Total Current Assets 1,969,507 PROPERTY AND EQUIPMENT, net of depreciation $4,834,874 OTHER ASSETS Goodwill $1,062,500 Covenant not to compete, net of amortization 49,167 Franchise and loan fees, net of amortization 22,067 Note receivable, Idaho Chevron 300,000 Note receivable, Treasure Bay, affiliate 90,600 Deposits 68,327 Total Other Assets 1,592,661 TOTAL ASSETS $8,397,042 LIABILITIES AND SHAREHOLDERS? EQUITY CURRENT LIABILITIES Accounts payable $46,455 Accrued expenses 1,104,375 Current maturities of long term debt 246,366 Total Current Liabilities 1,397,196 LONG-TERM DEBT Long-term obligations $2,702,683 EQUITY Common stock 300,000,000 shares authorized, at $.001 par value; 51,886,537 shares issued and outstanding $51,886 Capital in excess of par value 4,443,510 Retained earnings (deficit) (198,233) Total equity 4,297,163 TOTAL LIABILITIES and STOCKHOLDERS' EQUITY $8,397,042 Net Working Capital Equity per Share Depr. and Amort. Reserve Preferred Shares Issued Common Shares Issued Treasury Shares - Preferred Treasury Shares - Common      S & P Disclaimer   Parks America, Inc. Symbol:  PRKA Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   Parks America, Inc. Symbol:  PRKA Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   Parks America, Inc. Symbol:  PRKA Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 2,780,000   2008   2 3,320,000   2007   1 540,000   2007   2 1,060,000   2007   4 2,750,000   2007   Full Year 4,910,000   2006   1 1,860,000   2006   2 2,960,000   2006   3 3,350,000   2006   Full Year 9,330,000   2005   Full Year 6,980,000   2004   Full Year 4,600,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 Nil   2008   2 Nil   2007   1 Nil   2007   2 Nil   2007   4 Nil   2007   Full Year 300,000   2006   1 (120,000)   2006   2 140,000   2006   3 (240,000)   2006   Full Year 422,600   2005   Full Year (827,600)   2004   Full Year (280,000)   2003   Full Year 10,000     Quarterly EPS, US$ Year Quarter Revenue   2008   1 Nil   2008   2 Nil   2007   1 Nil   2007   2 Nil   2007   4 Nil   2007   Full Year .01   2006   1 Nil   2006   2 Nil   2006   3 Nil   2006   Full Year .01   2005   Full Year (.02)   2004   Full Year Nil      S & P Disclaimer