Skyflyer Inc.
OTC Bulletin Board : SKFL

April 30, 2007 08:30 ET

TUV Rheinland I to Provide Assistance to Skyflyer on Development of Recreational Flying Machine

POINT ROBERTS, WASHINGTON--(CCNMatthews - April 30, 2007) - Skyflyer Inc. (OTCBB:SKFL) (the "Company") announced today that TUV Rheinland Industrie Service GmbH ("TUV") has agreed to assist the Company's wholly owned German subsidiary, Skyflyer Technology GmbH ("Skyflyer Technology") with the development of its recreational VTOL flying machine. TUV will assist Skyflyer Technology by providing technical supervision throughout the development process, focussing on technical safety issues. TUV will also conduct safety and other technical tests in order to ensure compliance with regulatory requirements.

Dieter Wagels, one of Skyflyer Technology's managing directors, and the head of the VTOL project, stated that "Bringing TUV Rheinland on board at this early stage was a step that we felt was important in order to ensure that our flying machine will be able to meet any applicable safety and technical standards. By being involved early, TUV will be able to carefully monitor the design and construction of our flying machine throughout the development process."

TUV Rheinland Industrie Service GmbH, is a division of the TUV Rheinland, headquartered in Cologne, Germany. The TUV Rheinland is one of the leading providers of technical services worldwide. About 11,000 people working for the TUV Rheinland in over 40 locations in 60 countries, generating revenues of approx. EUR 900 million yearly. Their corporate objective is to encourage, and contribute to, a sustainable development of safety and quality.

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.

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

Contact Information

  • Skyflyer Inc.
    Rolf G. Horchler, President
    Press Contact
    (360) 927-7354
    or
    Skyflyer Technology GmbH
    Dieter Wagels, CEO
    Contact Partner on Technical Questions
    02432-89 36 27
    02432-89 36 22 (FAX)
    Email: info@skyflyer-tec.com