Texas Star Theatre to Temporarily Close

Texas Star Theatre to Temporarily Close

September 26, 2006

The Board of Directors of the Granbury Opera Association has
announced the temporary suspension of all productions and operations
of the Texas Star Theatre Company. This difficult decision was made
as a result of recurring and increasing financial shortcomings. This
is a temporary closing and plans are underway to provide more cost
effective productions. The down time will be used to make repairs and
do some remodeling.

Max Jones, President of the Board of Directors, said "Members of the
board have a fiduciary responsibility to maintain a financially sound
operation and to maintain the property we own. The management team of
the Texas Star Theatre inherited our past deficits. They, members of
the board and other Opera House friends have worked hard to make the
theatre profitable. Some progress has been made but additional
management and operational changes are necessary to achieve our
vision, fulfill our mission and succeed as a business."

Members of the board said they are aware of the controversy that has
surrounded the artistic direction in this summer's shows. The first
two musicals, Gypsy and Grease, received outstanding reviews.

"However, some of our patrons were offended, believing the productions
focused intentionally on the risque'. Other patrons took no offense,
saying the presentations were fresh and true to life," said Mr.
Jones. "I am convinced," he said, "that through offering a variety of
quality productions we can meet the needs of our concerned patrons
and meet the needs of those who desire to see some new and different
shows. Also, the Board of Directors is aware that most productions
allow an artistic director to present material in a manner that
protects the play's integrity while being sensitive to a community's
standards."

Raymond Haynes, Vice President for Finance and Treasurer, said "While
the resolution of controversial public issues may have required some
adjustments that is not why we are suspending operations. We simply
do not have funding to pay for increased administrative costs."

At the present time, the Board of Directors is assuming all production
and management responsibilities of the Granbury Opera House. A small
operational staff will assist with the transition, prepare for future
presentations and maintain the box office, explaining options for
current ticket holders and for those interested in future shows.