MAMMOTH LAKES, Calif., Feb. 17, 2005 (PRIMEZONE) -- Dave McCoy, Founder and controlling shareholder of Mammoth Mountain Ski Area announced today the company has retained Houlihan Lokey Howard & Zukin as its exclusive financial advisor to explore strategic alternatives to enhance shareholder value.
Rusty Gregory, Chairman and Chief Executive Officer said, "Having grown to become one of North America's top ski resorts, I am extremely proud of our accomplishments. Mammoth Mountain Ski Area is just beginning to realize its true potential and I am excited about our future."
Mr. McCoy said, "Nothing in life is constant except change. Since starting Mammoth Mountain more than 60 years ago I have worked hard to build a strong company and I'm proud of how we do our best everyday to take care of our skiers, our employees and our community. I've never been more optimistic about our future. I am excited to explore the many opportunities we have to make the company even stronger and more capable of fulfilling its full potential."
About Mammoth
Mammoth Mountain Ski Area is the leading four-season mountain resort in California. The company owns and operates Mammoth Mountain Ski Area, June Mountain, Tamarack Lodge and Resort, Mammoth Snowmobile Adventures, Mammoth Mountain Bike Park, Mammoth Mountain Inn and also operates Juniper Springs Properties, the Village at Mammoth, and Sierra Star Golf Club in Mammoth Lakes, California. For more information on Mammoth Mountain, visit MammothMountain.com or call 800.MAMMOTH.
About Houlihan Lokey Howard & Zukin
Houlihan Lokey Howard & Zukin, an international investment bank established in 1970, provides a wide range of services, including mergers and acquisitions, financing, financial opinions and advisory services, and financial restructuring. Houlihan Lokey has ranked among the top 20 M&A advisors in the U.S. for the past 13 years, has been the No. 1 provider of fairness opinions for the past five years, and has the largest financial restructuring practice of any investment bank in the country based on creditor assignments.* The firm has over 600 employees in nine offices in the United States and the United Kingdom. It annually serves more than 1,000 clients ranging from closely held companies to Global 500 corporations. For more information, visit Houlihan Lokey's Web site at www.hlhz.com.
*Sources: Thomson Financial Securities Data, Mergers & Acquisitions Journal, The Deal