Clipper Ventures to Acquire Zapcats
Clipper Ventures plc, the AIM listed marine events company chaired by Sir Robin Knox-Johnston, today announces the proposed acquisition of the entire issued share capital of Zapcat Racing Limited.
Zapcat Racing owns and operates the National Zapcat Championships, a strict one-design motor sport involving rigid inflatable boats. The boats are inflatable catamarans with 50hp engines that can reach up to 50mph on the water and racing takes place on either flat water, open sea or surf - always creating a dramatic spectacle.
Since its explosive entry into the UK sports market in 2001, Zapcat Racing has seen its fleet doubling in size year upon year to become the World's largest one-design powerboat series.
Clipper Ventures is focussed on developing and promoting major events capable of attracting significant participation, income, media coverage and associated sponsorship revenue. The company owns the rights to the Clipper 05-06 Round the World Series and the 5-Oceans single-handed yacht race, which will next run in 2006.
The acquisition is conditional on shareholders' approval, which is being sought at an extraordinary general meeting of the Company, to be held on 26 July 2004.
FURTHER INFORMATION, INTERVIEWS & IMAGES:
Loretta Spridgeon
Clipper 05-06 Media & PR Manager
CLIPPER VENTURES PLC
Tel: +44 (0) 23 8023 7088
Fax: +44 (0) 23 8023 7081
Mobile: +44 (0) 7773 818586
Email: lspridgeon@clipper-ventures.com
Website: www.clipper-ventures.com
Zapcat Racing owns and operates the National Zapcat Championships, a strict one-design motor sport involving rigid inflatable boats. The boats are inflatable catamarans with 50hp engines that can reach up to 50mph on the water and racing takes place on either flat water, open sea or surf - always creating a dramatic spectacle.
Since its explosive entry into the UK sports market in 2001, Zapcat Racing has seen its fleet doubling in size year upon year to become the World's largest one-design powerboat series.
Clipper Ventures is focussed on developing and promoting major events capable of attracting significant participation, income, media coverage and associated sponsorship revenue. The company owns the rights to the Clipper 05-06 Round the World Series and the 5-Oceans single-handed yacht race, which will next run in 2006.
The acquisition is conditional on shareholders' approval, which is being sought at an extraordinary general meeting of the Company, to be held on 26 July 2004.
FURTHER INFORMATION, INTERVIEWS & IMAGES:
Loretta Spridgeon
Clipper 05-06 Media & PR Manager
CLIPPER VENTURES PLC
Tel: +44 (0) 23 8023 7088
Fax: +44 (0) 23 8023 7081
Mobile: +44 (0) 7773 818586
Email: lspridgeon@clipper-ventures.com
Website: www.clipper-ventures.com