TWO SKYVENTURE VERTICAL WIND TUNNELS OPEN IN DUBAI


DUBAI, UAE, March 16, 2010—With the opening of iFLY Dubai , the Majid Al Futtaim Group brings indoor skydiving to the UAE’s newest mall at Mirdif City Centre. Mirdif is one of the largest malls in the MENA region, with a gross leasable area of 196,000 square meters, over 400 stores, 75 restaurants and 7,000 parking spaces. iFLY Dubai serves as the anchor of Mirdif’s entertainment offerings that also include indoor soccer fields, a bowling alley, a 10-screen multiplex, a spa, and a fitness center with swimming pool.

iFLY Dubai boasts two 3-meter/10-foot diameter wind tunnels capable of reaching speeds of 285 kmph/177 mph. The flight chambers are each monolithic, 10-meter/32.8-feet tall single pieces of acrylic with no metal or framing to block the spectators’ view. They are mounted so that they can be seen from the open atrium of the shopping mall.

All the equipment for the tunnel was designed and built by SkyVenture International, LTD, the world’s largest and most advanced manufacturer of vertical wind tunnels. The iFLY Dubai tunnels are the third and fourth SkyVenture tunnels in the UAE and they are outfitted with the same hyper-efficient, patented air-conditioning system, which works flawlessly in some of the most demanding environments in the world. The tunnels also feature SkyVenture’s patented wall-to-wall airflow and multiple, high-efficiency axial fans mounted in the upper leg of the tunnel – the optimum location for safety, efficiency and equipment life.

About SkyVenture

SkyVenture is the world’s largest and most advanced manufacturer of vertical wind tunnels. 23 SkyVenture tunnels currently operate in nine countries around the world, under the brand names SkyVenture, iFLY, Airkix and Freezone. SkyVenture’s unique designs, innovative technologies and well-known brands are patented and trademarked in over 138 countries around the world.

While flying over 5,000,000 people during more than 325,000 hours of operation, SkyVenture has developed a free fall simulator with low operating costs and a near-zero maintenance requirement. SkyVenture tunnels currently operate in some of the hottest deserts (four in UAE, one in Spain, one in Arizona), in the coldest regions (Moscow, New Hampshire & Montreal), and at some of the highest elevations (2300 meters above sea level in Malaysia) in the world. SkyVenture has the staff, systems, documentation and experience necessary to complete and support simultaneous projects in any language, in any country, anywhere on the globe. They have built or are building tunnels in the US, Canada, UK, Spain, Switzerland, Ukraine, Russia, Malaysia, United Arab Emirates, Singapore, Italy, France, Norway and Brazil.

SkyVenture franchises the equipment in North America through iFLY Franchising, LLC. SkyVenture International sells equipment and licenses the technology throughout the rest of the world. SV Finance, BVBA, offers a variety of financing options for qualified buyers.

About iFLY Dubai

iFLY Dubai is the newest vertical wind tunnel installation in the UAE, sited in the Mirdif City Centre Mall in Dubai. It is part of the Playnation brand, owned and operated by Majid Al Futtaim Leisure. Playnation is the first fully-featured leisure brand in the Middle East, and is setting new benchmarks regionally for indoor entertainment.

Contact:

iFLY Dubai: Thomas.gateff@maf.ae

SkyVenture: Trevor Thompson, 512.674.9200, Trevor@skyventure.com

Potential Franchisees: info@iFLYfranchising.com

Interested Investors: InvestorRelations@skyventure.com