History

Fun Tyme Concepts, Inc. ("the Company") is a New York corporation which was organized in April 1993. The Company commenced operations with the construction of its first Fun Bubble play center in October 1994, in Staten Island, New York. In May 1998 the Company acquired Play Co. Capital Corp., a Delaware corporation ("PCC"), which owns 50% of Prestige Fine Jewelry, L.L.C. ("Prestige"), a Delaware limited liability company and the rights to purchase Cortina Valley Ski Resort ("Cortina"). Unless the context requires, all references to the "Company" include the Company's subsidiaries, PCC and Prestige and its rights to Cortina.