NIAGARA FALLS, ON, Feb. 22, 2012 /CNW/ - Today we learned that the Maid of the Mist's bid for the renewal of its lease with the Niagara Parks Commission was rejected by the Ontario government. As a result of this decision, our business, with a 165 year history of service to tourists from around the world, may soon come to an end. The Maid of the Mist has provided world famous, safe, reliable and affordable boat tour service, and its trademarked brand name has become synonymous with the Niagara Falls experience, drawing millions of tourists to the region annually. The implications of this decision are very complex, and impact on many parties and create many uncertainties, including whether or not a boat tour service will be offered in Niagara Falls, Ontario in 2012. We are carefully assessing our position and will be consulting with other affected parties as we attempt to address the many serious issues resulting from this decision. No further comments will be made at this time.
Maid of the Mist Steamboat Company Ltd.