Voyager and The Rio All-Suite End Negotiations

30th Apr 2004

Voyager Entertainment
International, Inc. , an entertainment development
company, announced today that Voyager and The Rio All-Suite Hotel & Casino
in Las Vegas have mutually agreed to discontinue negotiations to build
“The World’s Tallest Observation Wheel” at the property of The Rio
All-Suite Hotel & Casino. Richard Hannigan, President and CEO of Voyager stated, “It is unfortunate
that we could not come to an agreement with Rio. I have always had and
will continue to have the deepest respect for the management at the Rio.
While the Rio location would have fit the needs of the company, Voyager
has identified other sites that we believe are suitable for a project of
this magnitude.”

Voyager is an entertainment development company that anticipates
constructing the “World’s Largest and Tallest Observation Wheel,” which we
expect to be over 600-foot tall high-tech attraction that would have, upon
completion, the capacity of 7,500,000 guests per year with an average
individual ride ticket of $18.00. We anticipate that each Observation
Wheel would consist of 30 Orbitors seating 20 passengers and making a
complete revolution approximately every 27 minutes. Our current designs
anticipate that each Orbitor would consist of its own galley and lavatory
to achieve the maximum comfort and safety for our guests.


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