Wachovia Compex Outdraws Competition

(PHILADELPHIA, PA --- December 13, 2004) Seven Global Spectrum-managed arenas are ranked in the top 20 of their respective size categories by Venues Today in its 2004 Year-End Issue. The rankings compiled by Venues Today, an industry newsletter covering the news behind the headlines, rate arenas based on concert and event ticket grosses for the period of October 15, 2003 through October 15, 2004. They do not include tickets to sporting events.

Global Spectrum is the fastest growing public assembly facility management firm and a subsidiary of Philadelphia-based sports and entertainment firm, Comcast-Spectacor.

"As a company, we have incredibly strong relationships at all of our Global Spectrum venues with the promoters, the agents and managers, as well as the artists who make these shows possible," said Global Spectrum Chairman and Comcast-Spectacor Ventures President Peter Luukko. "Shows and performers enjoy playing in Global Spectrum-managed facilities."

"These rankings are a true testament to the hard working Global Spectrum staffs at each of our arenas who work tirelessly to book the venue, market the arena and the shows, sell the tickets and welcome and treat our customers like VIPs each and every time," said Global Spectrum President Michel Sauers. "We're very proud of our accomplishments and congratulate all of our employees on these well-deserved honors."

The Wachovia Complex in Philadelphia, PA, finished first in attendance with 990,022 visitors and first in total events with 105 in the 15,001-seat to 30,000-seat category. The Complex finished second in highest gross ticket sales with $45,486,132.

The John Labatt Centre in London, Ontario, finished seventh in the 10,001-seats to 15,000-seat category with $9,494,108, attracting 258,784 patrons to 55 events. In the same category, the Sovereign Bank Arena in Trenton, NJ, a mere 35 miles from Philadelphia and 55 miles from New York City, finished 13th with $5,728,946, drawing 246,766 guests to a category best, 77 events.

Four Global Spectrum-managed arenas finished among the top 20 in the 5,001-seat to 10,000-seat venues, including the second-ranked Dodge Arena, the 6,800-seat, multi-purpose arena in Hidalgo, TX, with $1,748,464 in tickets sales, attracting 36,786 visitors to 12 different shows; the seventh-ranked Everett Events Center in Everett, WA, located just 25 miles north of Seattle, with $5,977,604, attracting 199,621 customers to 54 events; the 17th-ranked Budweiser Events Center in Loveland, CO, with $2,776,504, drawing 105,319 customers to 33 events; and the 18th-ranked Constant Convocation Center on the campus of Old Dominion University in Norfolk, VA, with $2,528,567, attracting 93,529 patrons to 41 events.

Global Spectrum, the fastest growing firm in the public assembly facility management field with more than 40 facilities throughout the United States and Canada. The Philadelphia-based company is part of one of the world's largest sports and entertainment firm Comcast-Spectacor, which also owns the Wachovia Center and Wachovia Spectrum, the Philadelphia Flyers of the National Hockey League, the Philadelphia 76ers of the National Basketball Association, the Philadelphia Phantoms of the American Hockey League, Flyers Skate Zone, a series of community ice skating rinks, Comcast SportsNet, a regional sports programming network, Ovations Food Services, a food and beverage services provider, and New Era Tickets, a full-service ticketing and marketing product for public assembly facilities. Comcast-Spectacor is also a minority owner of three minor league baseball teams - the Bowie Baysox, the Delmarva Shorebirds and the Frederick Keys - all affiliates of the Baltimore Orioles.