Pink Sheets - EIGH.pk
LONDON, Aug. 27 /CNW/ - The Board of 8000 Inc can today confirm the
establishment of a new Singapore-based subsidiary. Cannonball 8000 Singapore
will bring all of the glamour of the European rally to Asia.
The first event is scheduled to be held in March 2009. The company will
hold a PR launch in Singapore on October the 4th with confirmed event partners
FHM Singapore. ESPN Star Sports have also signed a five year agreement to
partner the Company.
In addition, 8000 Inc CEO Conrad Wall is close to finalising partnership
agreements with exotic car manufacturers Lamborghini and Ferrari Asian
With the established European Cannonball 8000 rally already delivering in
excess of $1M in revenue per event, the Company predicts the new Singapore
rally will more than double their current revenue and profit.
CEO Conrad Wall comments, "It's been a great week for the Company. The
official launch of Cannonball 8000 Singapore will be well supported and we are
delighted to have such high profile partners involved at the early stages. We
view the Singapore subsidiary as the first step in the expansion of the
Cannonball 8000 brand onto four continents, and look forward to our first
Asian event in 2009. We know we have a proven, profitable model and are very
excited about the global rollout of Cannonball 8000."
From launch on the grey market 8000 Inc has:
1) Announced Mario Andretti as Global Ambassador
2) Delivered in excess of $1M in revenue from the 2007 Cannonball 8000
3) Confirmed net profit of $600,000 from the 2007 event
4) Unveiled plans to quadruple the number of events with new rallies in
Asia, Australia and the USA.
5) Filed 15c-211 with the objective of gaining full Pink Sheets
A full business plan, complete with financials and forecasts is available
to view at http://www.8000inc.com
This news release contains forward-looking statements that are subject to
certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of such forward-looking
statements. The words "estimate," "project," "intends," "expects," "believes,"
and similar expressions are intended to identify forward-looking statements.
Such forward-looking statements are made based on management's beliefs, as
well as assumptions made by, and information currently available to,
management pursuant to the "safe-harbour" provisions of the Private Securities
Litigation Reform Act of 1995. For a more complete description of these and
other risk factors that may affect the future performance of 8000 Inc. see
"Risk Factors" in the Company's Annual Report on Form 10-KSB and its other
filings with the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak only
as of the date made and the Company undertakes no obligation to disclose any
revision to these forward-looking statements to reflect events or
circumstances after the date made or to reflect the occurrence of
For more information please visit: http://www.8000inc.com
For further information:
For further information: Media Contact: Investor Relations,