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THE CALGARY FLAMES & CONCORDE ENTERTAINMENT GROUP ANNOUNCE VENTURE TO INTRODUCE HYBRID RESTAURANT, BAR AND ENTERTAINMENT FACILITY TO OPEN IN AUGUST 2006

For Immediate Release
Thursday, April 20th, 2006

Calgary, AB – The Calgary Flames Hockey Club and The Concorde Entertainment Group announced today a venture to open a hybrid restaurant, bar and entertainment facility in the heart of downtown Calgary.

"The Calgary Flames are an icon in our city with much more to offer Calgarians besides an extremely successful hockey team," said Victor Choy. "The Flames brand and the Concorde Group's expertise in the entertainment and food service business will make for a successful launch into the restaurant/bar industry."

The selected site is the former Palace Theatre located on Stephen Avenue. The multi-function venue is exploring layers of entertainment including a restaurant providing a semi-formal dining environment, and an interactive sports bar that will provide hockey fans with an opportunity to enjoy the history of the Calgary Flames through original memorabilia, a state of the art hockey décor and cutting edge interactive entertainment options.

In addition, the multi-functional venue will be capable of hosting live concerts, special events, corporate meetings and conferences.

"This is a very exciting venture for us," said Flames President & CEO Ken King. "While hockey remains our core competency, we are constantly seeking new opportunities in which to grow the Flames brand and allow our fans greater opportunities to enjoy hockey. We believe establishing a location outside of the Pengrowth Saddledome to share food, fun and hockey will bring our fans even closer to the team."

As the Flames begin their 2006 NHL Playoffs, construction continues with an expected grand opening date of August 2006.