Medieval Attractions N.V - Page 74

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          the type of shots available to the customers, however, were new.            
          Galindo and his staff experimented with their own methods of                
          making photography sales profitable.  Some ideas were not                   
          successful and some ideas, such as group shots, were successful             
          and became part of MTNV’s operation.                                        
               Climent moved to Florida in the fall of 1983 and stayed                
          until the end of January 1984.  Segui, Santandreu, and                      
          P. Montaner also came to the United States to assist with the               
          opening of the Florida castle.  After the Florida opening, the              
          Spanish investors returned to Spain.  Some of the investors                 
          visited the United States occasionally after their return to                
          Spain.                                                                      
               B.  California--Personnel and Pre-1986 Corporate Structure             
               In the spring of 1985, the Spanish investors discussed the             
          possibility of expanding to California.  In June  1985, Bellows             
          and Kudlacz went to Southern California and met with Wesley                 
          Taylor (Taylor), a commercial real estate broker.  Taylor had a             
          listing on property that had formerly belonged to a company                 
          called the Kingdom of the Dancing Stallions (KDS) in Buena Park,            
          California.  In the fall of 1985, A. Gelabert met with Taylor to            
          discuss the KDS property.                                                   
               Initially, Kahne and J. Montaner advised against expanding             
          to California due to several factors, including the cost of a new           
          castle.  Santandreu and Segui, however, concluded that the cost             
          would be reduced by altering the existing building on the KDS               




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