Skyflyer Inc.
OTC Bulletin Board : SKFL

May 01, 2007 08:31 ET

Market Advisors Issues an Intermediate Price Target of $1.05 for Skyflyer Inc.

POINT ROBERTS, WASHINGTON--(CCNMatthews - May 1, 2007) - Skyflyer Inc. (OTCBB:SKFL) (the "Company") announced today that Market Advisors, Inc. has issued a research report establishing an intermediate-term price target of $1.05 for the Company's shares. The report cites the Company's unique concept, coupled with the expert team of industry leading partners heading up the project as the main factors for their report. Market Advisors, Inc. (located in Nebraska) was paid a fee of $3,000 from Alex Consulting, Inc. for their research report. Alex Consulting, Inc. is not related to or associated with the Company. The research report issued by Market Advisors, Inc. was prepared without the Company's participation.

About Market Advisors, Inc.

Market Advisors, Inc. was founded in 1985 and since that time has enjoyed numerous ratings success by independent market raters. Headed by Jeff Helleberg and Doug Wetzel, Market Advisors provides research and independent analysis on individual stocks as well as a mutual fund management service which is based upon their top-rated timing advice, and previously was a member of the Winners Circle™, an elite group of market analysts providing daily market comments and advice. Market Advisors, Inc. has also been ranked the #1 market timing service for the period (1985-1990) according to the Hulbert Financial Digest. Throughout our history the firm also served as an advisor to brokerage firms and investment bankers.

Jeff Helleberg has 23 years experience in the financial services industry. Jeff is a graduate of the University of Nebraska - Lincoln with a B.S. degree in Business Administration. He was a registered investment adviser from 1983 to 1999. Jeff was co-editor of the Marketarian Letter, a nationally syndicated stock market newsletter, which had been consistently ranked as one of the top-performing investment newsletters in the nation. Prestigious publications such as the Hulbert Financial Digest, Barron's, The Wall Street Journal, Timer Digest and U.S. News & World Report are among those that have recognized The Marketarian Letter for its outstanding performance for more than 10 years. Jeff was the sole contributor and chief editor for The Marketarian Letter from 1989 thru 1995. Jeff has provided timely investment advice while helping investors achieve their stock and bond market investment goals. Since 1999, He has been involved in writing fact sheets and research reports for small-cap stocks and specializes in companies that have a market cap below $100 million and that trade below $5 per share. These types of companies are usually under-followed and fairly new to the investment scene.

About Skyflyer Inc.

Through its wholly owned subsidiary, Skyflyer Technology GmbH, Skyflyer Inc. 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.

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 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. This press release does not constitute an offer of the Company's securities, and should not be construed as investment advice with respect to the Company's securities.

The information contained in this press release regarding Market Advisors, Inc. was provided by Market Advisors, Inc. and has not been independently verified by the Company.


Rolf Horchler, CEO and President

Contact Information

  • Skyflyer Inc.
    Rolf G. Horchler
    CEO and President
    (360) 927-7354