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United Leisure Corp

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BUSINESS
November 19, 1996
United Leisure Corp., which owns and operates Camp Frasier summer day camps, Frasier's Frontier amusement park and Planet Kids play centers, reported that net income for the third quarter rose to $1.5 million, or 12 cents a share, from $206,183, or 2 cents a share, a year ago. Revenue increased 29% to $2.2 million from $1.5 million. Net income for the nine-month period totaled $381,280, or 3 cents a share, contrasted with a net loss of $325,802, or 3 cents a share, a year ago.
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BUSINESS
October 28, 1998 | E. Scott Reckard
Irvine Meadows Amphitheatre was awarded $543,000 in legal fees Tuesday from its long battle against the former owner of the defunct Lion Country Safari animal park. During 12 years of litigation over use of the site in Irvine, Lion Country owner Harry Shuster and his United Leisure Corp. had threatened to tear down the outdoor concert venue, which had subleased land from him. Shuster settled lawsuits last summer with The Irvine Co., which owns the property.
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BUSINESS
September 3, 1998 | E. Scott Reckard
The Irvine Co.'s settlement of lawsuits over the Lion County Safari site includes a $4-million payment to United Leisure Corp., which ran the now-defunct animal park on land leased from the big developer. During 12 years of litigation, United Leisure accused the Irvine Co. of thwarting the development of other businesses at the Irvine site near the El Toro "Y" freeway junction. An Orange County jury awarded United Leisure $42.
BUSINESS
September 3, 1998 | E. Scott Reckard
The Irvine Co.'s settlement of lawsuits over the Lion County Safari site includes a $4-million payment to United Leisure Corp., which ran the now-defunct animal park on land leased from the big developer. During 12 years of litigation, United Leisure accused the Irvine Co. of thwarting the development of other businesses at the Irvine site near the El Toro "Y" freeway junction. An Orange County jury awarded United Leisure $42.
BUSINESS
May 12, 1998 | From Times Staff and Wire Reports
Two former executives of a defunct New York brokerage were arrested Monday and charged with netting $3 million for the company by illegally manipulating securities of two companies, including United Leisure Corp. in Fountain Valley. New York authorities accused the defendants of gaining control of the trading in securities of United Leisure and Steven Madden Ltd. before artificially increasing the bid price and selling shares to investors.
BUSINESS
May 2, 1996
United Leisure Corp. said it has signed a letter of intent to acquire Anaheim-based Positive Developments Inc., a software developer. Terms of the deal were not disclosed. United Leisure is an Irvine-based company that operates summer day camps and multimedia play centers for children in Southern California. Its United Leisure Interactive subsidiary plans to begin marketing multimedia interactive travel programs.
BUSINESS
April 16, 1996
Master Glazier Karate International Inc. sold its 50% interest in Planet Kids Inc., an Irvine chain of children's entertainment and education centers, to United Leisure Corp. for $928,000. Master Glazier, an Elizabeth, N.J., owner and operator of karate studios, said it originally invested $500,000 in Planet Kids in June 1994. In conjunction with the sale, Planet Kids repaid a $500,000 note due Jan 1, 1998, to Master Glazier at 8% interest.
BUSINESS
September 1, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
The Irvine Co. settled a 12-year land-use war Monday over the former site of Lion Country Safari, ensuring the survival of the Wild Rivers Waterpark and Irvine Meadows Amphitheatre. The park and amphitheater had faced a threat of extinction from entrepreneur Harry Shuster, who made Lion Country a roadside attraction of some notoriety in the 1970s. Terms of the court settlement were not disclosed.
BUSINESS
June 12, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
The company that once operated Lion Country Safari said Thursday it has lost another round in an 11-year-old lawsuit against its former landlord, the Irvine Co. A state appeals court refused to reinstate a $42-million verdict that United Leisure Corp. won in Orange County Superior Court against the Irvine Co. in 1993, United said. The trial judge overturned the damage award in 1994, ruling it wasn't supported by the evidence, and ordered a new trial. The Irvine Co.
BUSINESS
May 12, 1998 | From Times Staff and Wire Reports
Two former executives of a defunct New York brokerage were arrested Monday and charged with netting $3 million for the company by illegally manipulating securities of two companies, including United Leisure Corp. in Fountain Valley. New York authorities accused the defendants of gaining control of the trading in securities of United Leisure and Steven Madden Ltd. before artificially increasing the bid price and selling shares to investors.
BUSINESS
April 26, 1997 | MARLA DICKERSON, TIMES STAFF WRITER
Unmoved by written pleas from parents to save the Camp Frasier day camp, an Orange County Superior Court judge Friday denied businessman Harry Shuster's bid to remain on 300 acres near the El Toro Y pending an appeal of his eviction from the site. The ruling by Orange County Superior Court judge Byron McMillan clears the way for the Irvine Co. to regain control of the property. Shuster refused to vacate the premises after his lease expired Feb. 28. Irvine Co.
BUSINESS
February 28, 1997 | MARLA DICKERSON, TIMES STAFF WRITER
Lawyers for a Los Angeles businessman who has threatened to tear down the Irvine Meadows Amphitheatre and the Wild Rivers water park in a dispute with his landlord now say he'll put down the wrecking ball in preparation to duke it out in court. In an 11th-hour turnaround in legal strategy, attorneys for Harry Shuster, head of United Leisure Corp., on Thursday filed suit in Orange County Superior Court in Santa Ana to extend the company's ground lease with the Irvine Co. for 26 more years.
NEWS
February 7, 1997 | MARLA DICKERSON, TIMES STAFF WRITER
An Orange County Superior Court judge Thursday refused to block demolition of the Wild Rivers water park, fueling a high-stakes battle that could put the attraction and neighboring Irvine Meadows Amphitheatre in the path of the wrecking ball.
BUSINESS
September 2, 1995
United Leisure Corp. of Irvine reported a second-quarter loss of $539,000, or 44 cents a share, compared with a profit of $151,500, or 43 cents a share, in the same period a year ago. The company attributed the loss to costs of opening its children's camps and learning centers. Revenue rose 16.6% to $637,000 from $546,000. For the six months ended June 30, United Leisure said it lost $532,000, or 43 cents per share, compared to a loss of $105,000, or 3 cents a share, a year ago.
BUSINESS
February 5, 1997 | MARLA DICKERSON, TIMES STAFF WRITER
An attorney for the Wild Rivers water park portrayed a Los Angeles businessman as the "Big Bad Wolf" in Orange County Superior Court on Tuesday for threatening to demolish the Irvine facility as part of an ongoing dispute with the Irvine Co. "He's threatening to huff and puff and blow this little water park down," attorney Kathleen McDowell said. "It's an ambush. It's a shakedown," she said.
BUSINESS
December 28, 1996 | MARLA DICKERSON, TIMES STAFF WRITER
It has been described as one of Orange County's longest and most contentious marriages. Small wonder that a wrecking ball may figure in the breakup. For the better part of three decades, Harry Shuster, the South African-reared businessman and founder of the defunct Lion Country Safari wild animal park, has feuded with his landlord, Irvine Co., over Shuster's attempts to turn a profit on 300 acres of prime land near the intersection of the Santa Ana and San Diego freeways.
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