NEW YORK, July 30 /EMWNews/ -- Six Flags, Inc. (NYSE: SIX)

announced today its Board of Directors did not declare a dividend for the

quarter ending August 15, 2008 to the holders of its Preferred Income

Equity Redeemable Shares ("PIERS"), each such PIERS representing one

one-hundredth of a share of the Company's 7 1/4% Convertible Preferred

Stock.



    Six Flags, Inc. is the world's largest regional theme park company with

20 parks across the United States, Mexico and Canada. Founded in 1961, Six

Flags has provided world class entertainment for millions of families with

cutting edge, record-shattering roller coasters and appointment programming

with events like the popular Thursday and Sunday Night Concert Series. Now

47 years strong, Six Flags is recognized as the preeminent thrill innovator

while reaching to all demographics -- families, teens, tweens and thrill

seekers alike -- with themed attractions based on the Looney Tunes

characters, the Justice League of America, skateboarding legend Tony Hawk,

The Wiggles and Thomas the Tank Engine. Six Flags, Inc. is a

publicly-traded corporation (NYSE: SIX) headquartered in New York City.



    The information contained in this news release, other than historical

information, consists of forward-looking statements within the meaning of

Section 27A of the Securities Act and Section 21E of the Exchange Act.

These statements may involve risks and uncertainties that could cause

actual results to differ materially from those described in such

statements. Although the Company believes that the expectations reflected

in such forward-looking statements are reasonable, it can give no assurance

that such expectations will prove to have been correct. Important factors,

including general economic conditions, consumer spending levels, adverse

weather conditions, terrorist activities and other factors could cause

actual results to differ materially from the Company's expectations.