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May 13, 2006
IPO
Initial Public Offering (IPO) - Zeppelin Development International (ZDI)
FOR IMMEDIATE RELEASE
June 1, 20--
Zeppelin Development International Plans to Offer Shares to the Public
(LOS ANGELES) Zeppelin Development International (ZDI) today announced that its Board of Directors has decided to conduct an initial public offering of common stock. The number of shares to be offered and the price range of the proposed offering have not yet been determined. ZDI expects the initial public offering to commence in early third quarter.
All or substantially all of the net proceeds from the initial public offering will be used to capitalize a fleet of twenty-five trans-pacific heavy-cargo direct-to-market airships, designed by their in-house engineering team and constructed by Lockheed-Martin (NYSE - LMT).
The principal purpose of the initial public offering is to better enable ZDI to use its cash and cash flows from operations to fund organic growth, finalize acquisition of resources, and procure fourth-generation technology assets. It will also provide ZDI with publicly-traded stock to be used for future acquisitions and provide liquidity to its stockholders through its internal stock market.
ZDI has filed a registration statement with the Securities and Exchange Commission (SEC) related to the initial public offering, and will be traded on the Nasdaq Exchange (ZDIX).
Morgan Stanley & Co. Incorporated is serving as book-running managers for the initial public offering. The initial public offering will be made by means of prospectus only.
About ZDI
ZDI is the global leader in lighter-than-air cargo transportation systems, providing integrated transportation systems, support, research and development. With headquarters in Vega, California and primary research facilities in East Rutherford, New Jersey and Taipei, China; ZDI has 740 employees, and representation in an additional 42 cities worldwide. ZDI has inked long-term delivery agreements with three of the top five U.S. retailers with a combined market penetration in excess of 70%. ZDI holds the exclusive contract for supply-chain distribution services with London-based Daemons Ltd., which today announces a €4 billion ($5.2 billion) expansion into the North American market.
Founded by aeronautical visionary Baldasarre Hibrido in 1994, ZDI holds more than 1,000 patents in aeronautics, robotics, molecular engineering processes, and distributed navigation control systems. Construction and testing of a 5/8 size proof-of-concept version of their CAT-7 trans-pacific lifting body was completed 45 days ago; the CAT-7a has been granted FAA authorization for her maiden voyage: LA-NY in thirty hours, leaving Bob Hope International Airprot one month from today.
CAT-7 Technical Specifications:
Length: lifting body: 1,250'. control body: 557'.
Beam: lifting body: 216' diameter. control body: 73.5' diameter
Height: 282' (includes crane)
Weight: 179,000 lbs
Lifting gas: ionized hydrogen/helium mix
Payload: 1750 metric tons
Cruising speed: 100 knots
Powered by: 6 Rolls Royce Trent 1100-Z series, triple-spool turbofan engines, delivering a combined total 720,000 lbs of thrust.
Cruising altitude: 12,000 feet.
Crew: 18
With this announcement, ZDI welcomes the eighth revolution in transportation.
Forward-looking Statements
This press release may contain forward-looking statements that are based on our management's belief and assumptions and on information currently available to our management. Any such forward-looking statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, achievements or benefits to be materially different from any future results, levels of activity, performance, achievements or benefits expressed or implied by such forward-looking statements. As a result of these risks, uncertainties and other factors, readers are cautioned not to place undue reliance on any forward-looking statements included in this press release. Neither Zeppelin Development International or members of it's Board of Directors assumes any obligation to update any forward-looking statements to reflect events or circumstances arising after the date as of which they are made or to conform such statements to actual results.
Press/Public Relations Contact:
Stephen Iota
858/816-6400
stephen.iota@zdi_x.com
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posted by matthew at 10:33 PM
A real gift for mothers everywhere! I thinkj I flew out of Bob Hope Airport last month...its the one that's not very funny at all.
posted by: mam on May 14, 2006 07:46 AM
I've always wondered what lifting gas was made of.
posted by: Jack on May 15, 2006 08:38 PM
Sounds like an investment that could go up. in flames that is.
posted by: Derek on May 19, 2006 09:52 PM