Florida Base Private Investment Partnership completes acquisition on Central Park Bike Tour

HI7E has successfully acquired Central Park Bike Tour, a leading bicycle rental and tour company in New York City

2011-03-10

WEST PALM BEACH, FL, March 10, 2011 (Press-News.org) HI7E, a private investment partnership based in Florida, is pleased to announce that it has acquired New York City based Central Park Bike Tour to further expand its business, which will take effect starting on March 8th, 2011.

Established in 1982, Central Park Bike Tour (CPBT) is the leading bicycle rental and tours company in New York City, conveniently located one block south of Central Park, CPBT is serving thousands of satisfied customers each year by offering five different fully escorted bicycle tours all throughout the "Big Apple" including Central Park, NYC Midtown, Downtown, Brooklyn and Harlem.

CPBT has benefited from NYC's favorable geography- its "Central Park" which receives approximately twenty-five million visitors annually and is well positioned to sell its affordable bike tour packages to consumers who are traveling to the Big Apple as well as to locals who simply want to enjoy a day out in the city. CPBT's board package offering and affordable pricing have opened up a new way of life for many consumers, as many of the NY travelers have discovered sightseeing via biking is a more fun and an affordable alternative than getting on a traditional touring bus.

With HI7E's professional business expertise and its top management team, who have an outstanding track record and a clear strategy for long-term growth, they will support CPBT as they continue to increase their breadth and is excited to build a world-class brand in a region and sector for tremendous growth prospects.

For more information about Central Park Bike Tour, please visit http://www.centralparkbiketours.com

About HI7E:

HI7E is a private investment partnership with a focus in real estate, sports, print and social media, entertainment and retail sectors.

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