Voyager Entertainment International, Inc. Comments On Bear Market; Experiences Difficulties With Website.Business, Travel & Entertainment Editors LAS VEGAS--(BUSINESS WIRE)--July 26, 2002 Voyager Entertainment International, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VEII) an entertainment/development company, today stated that while the events of yesterday's trading would be discouraging to some, management at VEII remain very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op and enthusiastic about their project and feel yesterdays volatility was more a direct result of the publics current skepticism toward the market than anything else. "While we feel our business model and the strategies being executed will ultimately prove rewarding for shareholders, yesterdays events took us all quite by surprise." said Richard Hannigan, President of Voyager Entertainment International, Inc. "Fundamentally, and Economically, the Company is no different than we where a week ago, and there have been no significant developments that would lead shareholders to believe otherwise," he added. In addition to the unexpected decline in the Company's stock price, the Company experienced technical difficulties which left their corporate website temporarily offline and anticipates it will be back up within the next twenty-four hours. Until then, the website may be reached by typing in the IP Address http:// 63.108.90.121. About Voyager Entertainment International, Inc. Voyager Entertainment International, Inc., is an entertainment development company that will build the "World's Largest and Tallest Observation (Ferris) Wheel". The 560-foot tall high-tech attraction will have the capacity of 7,000,000 guests per year with the average individual ride ticket of $18.00 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Each wheel consists of 36 sky cruisers seating 16 passengers and making a complete revolution ("the ride") every 27 minutes. Each Sky Cruiser consists of its own galley and lavatory to achieve the maximum comfort and safety for its passengers. This new concept and advanced technology far surpasses that of London Eye The London Eye, also known as the Millennium Wheel, is a Ferris Wheel (or observation wheel) in London, England. At the time of building, it was the biggest in the world, although there are now larger wheels, such as The Star of Nanchang, which was opened in May 2006. Ferris Wheel Ferris wheel, amusement park ride. It consists of a power-operated wheel that is about 50 ft (15 m) in diameter. It has two rims that are parallel to and equidistant from the shaft about which the wheel rotates. , which has achieved the phenomenal success of approximately 4,000,000 riders per year. For more about Voyager, go to http://www.voyager-ent.com and be sure to click on company video. Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such forward-looking statements be subject to the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. |
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