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Date: August 05, 1987 16:01
From: ERNIE::WOOD
To: @SYS$MAIL:EVERYBODY
Effective July 30, 1987 Atari Games Corporation and Barrel of Fun, Inc. of Savannah, Georgia have finalized an agreement for the sale of Barrel of Fun's entire chain of arcades. As of September 1, 1987 all of Barrel of Fun assets will be transferred to a new subsidiary of Atari Games. All arcades, which are primarily located in six southeastern states, currently operate under the name of "Barrel of Fun" or "2001 Entertainment Center." The arcade chain was founded in 1977 by Herbert C. Skinner, former chairman, and Richard W. Adams, former President and CEO. Adams will remain with the company and report directly to Atari President, Hide Nakajima. Commenting on the company's strategic move, Nakajima says, "This transaction was clearly a part of our long-term objective to expand our business through arcade operations. This acquisition complements our existing efforts in opening new locations, and much of our future growth will be concentrated in this end of the business." Herbert Skinner added, "The association between the two companies has been a very compatible one from the start, and I am pleased that Atari Games will be stepping in to continue developing the business with the same enthusiasm in which it was started."
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Date: September 04, 1987 12:27
From: ERNIE::WOOD
To: @SYS$MAIL:JUNK
Effective September 1, 1987 Atari Games completed its purchase of Barrel of Fun. The arcade operations will now be run by a wholly-owned subsidiary of Atari Games called Atari Operations, Inc. Atari Operations will continue in its efforts to expand the arcade operations. Dick Adams, formerly President of Barrel of Fun, will now be joining Atari and will be responsible for the day-to-day operations of the subsidiary as Vice President of Atari Operations. - Dennis Wood
Aug 05, 1987