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 June 6, 2005 Gemstone's First Broadway Investment Off To A Strong Start "Putnam County Spelling Bee" Receives 2 Major Tony Awards, Hitting 90%+ Attendance (Las Vegas, NV) - Gemstone Development announced today that the Broadway musical in which it has invested, "The 25th Annual Putnam County Spelling Bee", won Tony Awards yesterday for Best Featured Performer in a Musical and Best Book. In addition, it reported that the show is consistently exceeding 90% attendance in its Broadway run. "We're pleased at the exposure that 'Spelling Bee' received at last night's awards. Almost 7 million viewers got to see a live performance of a montage from the production that featured guest speller Al Sharpton," said Alexander Edelstein, Gemstone Development CEO. "But I'm even more pleased at the attendance records the show is setting at Circle in the Square Theater. More than 25% of the cost of staging the show has already been recouped in the first month of performance." The Show website is available at www.spellingbeethemusical.com. Gemstone Development is an integrated investment and development company with operations in Real Estate, Entertainment and Private Equity investment. The company is the developer of the Manhattan Condominiums project on Las Vegas Boulevard in Las Vegas (www.manhattanlv.com), which brings urban convenience, luxury and style to Las Vegas, but delivers it at a surprisingly affordable price point. Its private equity investments have included Google, Shopping.Com and Inktomi and currently include Cloudmark, Tellme Networks, and the Broadway Production of "The 25th Avenue Putnam County Spelling Bee". For more company information, visit the Gemstone Development website at www.gemstonedev.com or call 702-614-3193. Contact: Cheryle Hopton Gemstone Development 702.614 3193 Back to the News page |
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