Skyflyer Inc.
OTC Bulletin Board : SKFL

April 02, 2007 16:00 ET

JHT Jakobs Houben Technologie GmbH to Join Expert Team Being Assembled by Skyflyer Technology GmbH

POINT ROBERTS, WASHINGTON--(CCNMatthews - April 2, 2007) - Skyflyer Inc. (OTCBB:SKFL) (the "Company") announced today that JHT Jakobs Houben Technologie GmbH ("JHT") has agreed to fill one of the key positions in the team of industry and academic experts being assembled by the Company's wholly owned subsidiary, Skyflyer Technology GmbH. JHT is expected to be responsible for the detailed design of Skyflyer Technology's VTOL prototype and for the integration of the prototype's component systems.

Dieter Wagels, one of Skyflyer Technology's managing directors, and the head of the VTOL project, said, "Alexander Houben, one of the principals of JHT, is recognized as an industry leader in 3D layout planning and 3D component design. As an internationally experienced service provider in the field of project management, JHT is well suited for coordinating the integration of the individual component parts that are expected to make up our "flying go-kart" prototype. As an additional advantage, JHT's main facilities are located not far from our facilities in Wegberg, Germany."

JHT Jakobs Houben Technologie GmbH is a mechanical and plant engineering company with a service portfolio that includes project design and planning; project management; engineering support and on-site assembly. JHT's expertise ranges from welding technologies to hydraulic and pneumatic control systems. JHT has overseen a number of projects in Germany and Austria as well as projects in China and South Korea.

About Skyflyer Technology GmbH:

Skyflyer Technology is in the process of developing a one to two-seater recreational VTOL (vertical take-off and landing) flying machine that is expected to serve as a "flying go-kart". Skyflyer Technology expects that its "flying go-kart" will be usable either outdoors, within an electronically zoned-off flight area, or indoors. The vehicle is being designed to be used by members of the general public without the need for extensive training. Skyflyer Technology's plan to have the "flying go-kart" usable indoors will require the design and construction of highly sophisticated steering and control systems and is also the reason why Skyflyer Technology plans to have the vehicle fitted with a high-precision internal positioning system. For more information, please visit our website at www.skyflyer-tec.com

Skyflyer Technology GmbH is a wholly owned subsidiary of Skyflyer Inc., a Nevada corporation. Skyflyer Inc.'s shares are traded in the United States on the OTC Bulletin Board (OTCBB:SKFL) and in Germany on the Frankfurt Stock Exchange (WKN: A0LCMC, ISIN: US83082R1077).

This press release may contain, in addition to historical information, forward-looking statements. These forward-looking statements are based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, the Company's ability to commence its development program for the Skyflyer VTOL prototype and the testing and demonstration facility is dependent upon the Company obtaining sufficient financing. The Company does not currently have any financing arrangements in place, and there are no assurances that it will be able to obtain financing in an amount sufficient for it to complete its planned development activities. Furthermore, even if the Company is able to obtain sufficient financing, there are no assurances that its development programs will proceed as planned. The Skyflyer VTOL is an experimental technology and the Company may encounter unforeseen obstacles during its development of the prototype.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.

SKYFLYER INC.

Rolf Horchler, CEO and President

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