Voyager Entertainment International, Inc. Obtains $5 Million in Bridge Funding; Enters Into Agreement With Technology Capital & Markets, Inc.Business, Travel & Entertainment Editors Voyager Entertainment International, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VEII) an entertainment/development company, announced that they have entered into an agreement with Technology Capital & Markets, Inc. ("TCM (1) (Trellis-Coded Modulation/Viterbi Decoding) A technique that adds forward error correction to a modulation scheme by adding an additional bit to each baud. TCM is used with QAM modulation, for example. ") whereby TCM will buy 5% ownership of Voyager Entertainment Holdings, Inc., the Company's wholly owned operations company specifically established to separate VEII's Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. project cash flows from other operations owned by VEII, for $5 million. TCM will provide VEII with an investment of five million dollars ($5,000,000) in exchange for five percent of the common stock of Voyager Entertainment Holdings, 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 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" 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 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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