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kiadog

Wind Tunnel UK

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Hi!

The latest information from SkyVenture UK is available here http://www.skyventure.co.uk/skyventure.html?/latest_information.html and is as old as October 27, 2003.

Quote

SkyVenture UK extends investor application until 19th December 2003
SkyVenture has extended the time in which investors can get their application in until 19th December 2003. This is for Founder Members who wish to join the Founder Members Club (FMC) and other Investors.

Fundraising is progressing but we have been asked for more time by some potential investors and we continue to talk to other major investors who require additional time too.

At this time we are now at the point of requiring just under £700k. So far we have brought in £1.6m of funding (plus lease and loans) and we are confident of the plan and appetite for the business, so do join as we bring in the final amount.

Progress at the business end continues and we have developed further support from potential major customers. Importantly, we can also see the next two tunnels and are keen to move ahead in order to make this happen.

Full details can be found on the Investor page and documents can be downloaded or read online here.



So, on next Dec 19 or shortly after that, more news should be available.

Blue Skies! B|
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Mario Santos
Portugal

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as posted on bodyflight.net 1/16/04
SkyVenture UK suffers another delay

Although reportedly "Under Construction" at the Skyventure.com website, the UK SkyVenture construction will be delayed once again.

Although talks of purchasing a SkyVenture facility began in late 2002
early 2003, there has been no finalization of construction plans at this time.
There has been a delay in acquiring the needed funds for this project even though they have opened the investing to all UK Skydivers and have a wide base of initial investors, they are still unable to go forth with this project.

Nearby in Bedford, a former MOD spin tunnel is getting a major mechanical overhaul and will be operational to the public and skydivers in 2004. This 16ft tunnel will certainly be unique and maybe giving SkyVenture UK a run for it's money before either of them are even complete! We have not confirmed yet wether the SkyVenture UK project will be completed, but since SkyVenture deposits are non-refundable, I think they just might be stuck with one.

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