SOURCE: Vision Airships Inc.

July 09, 2007 18:36 ET

Vision Airships Global Expansion

BANGKOK, THAILAND--(Marketwire - July 9, 2007) - Vision Airships Inc. (PINKSHEETS: VPSN) -- The company wishes to announce that it has finalized arrangements for funding for its global expansion.

"To be able to secure such favorable financing terms for our expansion plans is extremely exciting for us," says Somsak Injan, president of Vision Airships. "It goes to show you that others, especially those in the financial community, see the value in what we are creating," he added.

"This will allow Vision to meet its short and long term goals of providing a viable alternative advertising medium around the world. This will certainly allow us to expand swiftly into other parts of the world," he continued.

ABOUT VISION AIRSHIPS

Vision Airships is set to become a worldwide operator of blimps used for advertising around the world. As the advertising market gets more crowded in conventional mediums -- the use of alternative forms of advertising is gaining more and more traction -- this is where Vision Airships comes in and supplies the end to end solution to major advertisers worldwide with its unique form of alternative displays.

The size of the market worldwide will support 24 airships which would bring in approximately $400,000,000 annually.

Safe Harbor

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:
    Investor Relations
    Vision Airships Inc.
    Telephone 669-4-771-2173
    Fax 662-391-8906
    E-mail info@visionairships.com