US$330 Million SpaceEdutainment Theme Park Investor Road Show Blasts Off with Viable KPMG Business Plan

KPMG has just completed a Market and Financial Feasibility Study and a Business Plan for SpacePort Shenyang (China) and has found it to be viable.

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Cape Town, South Africa (PRWEB) November 14, 2006

SpacePortEdutainment, http://www.SpacePortEdutainment.com, a South African company, is the visionary and developer of the SpacePort "Destination" concept. The vision is to build world-class "next generation" space, science and technology theme parks and edutainment centers, which will provide a "space tourism experience" on Planet Earth for those unable to travel into space.

"SpacePortEdutainment plans to build SpacePort Shenyang, a US$330 million, 20 hectare, space theme park in Shenyang, North East China, to cater for 4 mio. visitors per annum which is due to open in time for the 2008 Beijing Olympic Games, as Shenyang is a host city" explains Hans Deuze, SpacePortEdutainment's Senior Vice President: Development and Operations.

Shenyang is the capital of Liaoning Province, with a population of 42 million. Shenyang has a population of 7 million, an annual multi million tourist population and there is an addressable market of 24 million people within a 150km radius.

"The City of Shenyang is whole heartedly supporting the SpacePort Shenyang project, which is regarded as an important asset for the 2008 Olympic Games. SpacePort Shenyang, will become a sought after destination creating many jobs and will become a welcome boost for the local economy" says Shenyang's Deputy Mayor Song Qi.

SpacePort Shenyang is the first of several SpacePorts that are in the pipeline. The next planned site is SpacePortAfrica, a US$75 million project that will form part of "Africa Theme Park Resort", a US$550 million theme park resort development in Johannesburg, South Africa. SpacePortAfrica is due to open in October 2009 in time for the 2010 Soccer World Cup. In total, SpacePortEdutainment has more than 5 SpacePort "Destination" projects on its radar screen at this time. This includes a well positioned SpacePortMoscow.

SpacePortEdutainment's creative development coordination and operations is being spearheaded by former Euro Disney Imagineer Hans Deuze. Whilst working at Euro Disneyland, Deuze had vast experience and training in live show operations and special events. In 2000, Deuze was the operational producer for Walt Disney Studio's world renown spectacular stunt show called "Moteurs…Action" involving specially designed cars, motor bikes, jet skis and a large cast of actors, stuntmen and technicians.

The Ministry of Economic Affairs of the Netherlands part-funded the SpacePort Shenyang Feasibility Study which was carried out this year by an international consortium and which included BRC Imagination Arts, Vekoma, DHV, KPMG and Entertainment Projects International. The Study proved that the project is viable from an infrastructural, operational and business standpoint.

KPMG determined that "the project concept for SpacePort Shenyang is unique and will be the "first of its kind" in the Chinese market. The positive economic environment in China bodes well for the development of projects such as SpacePort Shenyang. Disposable incomes are growing and creating opportunities for the development of one of the biggest middle class societies in the world."

"BRC Imagination Arts, of Burbank, California, will now generate the SpacePort Shenyang Master Plan" explains Raoul Katovsky, CEO of SpacePortEdutainment.

SpacePortEdutainment has had initial discussions with major players in the investment community in the United States, England, Hong Kong and China, who have already indicated an ability to fund the SpacePort Shenyang project. "I am quite confident that the global SpacePort Shenyang Investor Road Show that we are about to kick start will result in the needed funding being secured, given that the KPMG Feasibility Study clearly demonstrates the viability of the project." says SpacePortEdutainment's Washington DC-based lawyer, Daniel Huber, who is leading the SpacePort Shenyang capital raising program.

Raoul Katovsky will be visiting the IAAPA Expo (http://iaapaatlanta.expoplanner.com) in Atlanta, Georgia November 15 through November 18 to attract anchor partners, potential investors and further identify exciting attractions and content for SpacePort Shenyang.

About SpacePortEdutainment

SpacePortEdutainment, based in Cape Town, South Africa, has been developing the SpacePort("Destination") concept since 2002 and is now fast tracking its commercialization, starting with the SpacePort Shenyang theme park. SpacePortEdutainment and its international, high profile Strategic Partner Network is well equipped to meet the challenging deadlines it has to open SpacePort Shenyang mid 2008 and SpacePortAfrica during October 2009. In addition to theme parks and edutainment centers, SpacePortEdutainment plans to be the premier space edutainment portal on the World Wide Web.

SpacePortEdutainment plans to produce the SpacePort "Destination" high-tech 4-D animated simulation rides and other proprietary special effects content in Cape Town, taking advantage of the well established film and ICT sectors, having the full backing and support of the Cape Film Commission and Wesgro, the Government's Western Cape economic development agency.

For further information, please visit http://www.SpacePortEdutainment.com:

The complete Press Release is available at:

http://www.spaceportedutainment.com/news_shen1-11-06.html

Media Contact:

Raoul Katovsky

SpacePort Edutainment

Telephone: +27 (0)82 442-8602

Please use this USA contact number (310)228 8547 only for the duration of the IAAP Expo in Atlanta, Georgia from Monday November 13, 2006 through close of business Monday, November 20, 2006 - thereafter, please use +27(0)82 442-8602

SpacePortShenyang Cathedral & SpacePortShenyang Terminal Graphics copyright: Pat Rawlings/SAIC.Alien SpaceShip copyright: SpacePort Edutainment


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Attachments

SpacePort Shenyang Cathedral SpacePort Shenyang Cathedral

The icon of SpacePort Shenyang is the SpacePort Cathedral Graphic/Copyright: Pat Rawlings/SAIC


SpacePort Shenyang Terminal SpacePort Shenyang Terminal

Visitors to SpacePort Shenyang will begin their Journey to Space by checking in with robotic agents in the SpacePortTerminal Graphic/Copyright: Pat Rawlings/SAIC


Alien SpaceShip headed for SpacePort Shenyang Alien SpaceShip headed for SpacePort Shenyang

Alien SpaceShip carrying the plans for SpacePort Shenyang is due to crash land in Shenyang N.E. China/Copyright: SpacePortEdutainment