(Source: PRNewswire)NEW YORK, April 9 /PRNewswire-FirstCall/ -- Six Flags, Inc. (NYSE: SIX) announced today that it has been notified that the Company's common stock and Preferred Income Equity Redeemable Shares ("PIERS") are being suspended from trading on the New York Stock Exchange (the "NYSE") because the Company failed to meet the NYSE's quantitative listing criteria. The Company has been informed that trading will be suspended prior to the market opening on Monday, April 20, 2009. The Company expects that its common stock and the PIERS will be traded on the over-the-counter market and quoted on the OTC Bulletin Board upon delisting from the NYSE.

"The delisting of our common stock is a by-product of the inherited debt load on our balance sheet and the overall financial markets. In no way does it reflect the operational strength or turnaround of this company," said Six Flags President and CEO Mark Shapiro. "This development will have zero impact on our park operations, the guest experience this summer or our vendor relationships."

Under applicable NYSE procedures, the Company has ten business days from the receipt of the NYSE's notification of suspension to submit a request for a review of the NYSE's decision to suspend trading of the Company's common stock and the PIERS. The Company does not intend to appeal the NYSE's decision. Failure to be listed on the NYSE does not constitute a default under any of the Company's debt instruments.

The Company has retained financial and legal advisors to assist the Company in restructuring its outstanding debt and preferred securities, which is anticipated to result in the issuance of a significant number of shares of common stock to the holders of the Company's restructured securities. If successfully consummated, the Company believes that the restructuring will allow the Company to qualify for listing on a national securities exchange.

About Six Flags

Six Flags, Inc. is the world's largest regional theme park company with 20 parks across the United States, Mexico and Canada, and soon will be expanding beyond North America with destinations in Dubai and Qatar. Since 1961, hundreds of millions of families have trusted Six Flags to combine friendly-clean-fast-safe service with affordable, value-packed thrills, record-shattering roller coasters and special events like the Summer Concert Series, Fright Fest and Holiday in the Park.