Indoor Skydive Australia Group Ltd Stock Market Press Releases and Company Profile
Development Approved - Gold Coast
Development Approved - Gold Coast

Brisbane, Aug 27, 2014 AEST (ABN Newswire) - Indoor Skydive Australia Group Limited (googlechartASX:IDZ) (ISA Group) is pleased to announce that the Gold Coast indoor skydiving facility has received development application approval.

CEO Wayne Jones said "I would like to thank the Gold Coast City Council for their support over the past 6 months, the accelerated application process has demonstrated their commitment to bringing this exciting new attraction to the city."

The development application approval provides for construction of an indoor skydiving facility at 3082 and 3084 Surfers Paradise Boulevard comprising a 12 foot vertical wind tunnel with spectator areas and ancillary services. The facility will also include approximately 300 m2 of potential retail space which will provide ancillary revenue streams.

Receipt of the development application approval transitions the Agreement to Lease for the premises to a formal lease.

Construction on the Gold Coast facility is expected to commence in the final quarter of 2014.

Further information on ISA Group is available at:
http://www.indoorskydiveaustralia.com.au


About Indoor Skydive Australia Group Ltd

Indoor Sky Diving (ASX:IDZ)Indoor Skydive Australia Group (ASX:IDZ) was established on 04 Nov 2011 as the parent company to facilitate a number of indoor skydiving facilities to cross our region in the next 3-5 years. These facilities allowing human flight within a safe environment are currently used by tourists, enthusiasts and military throughout the world including the Australian Military and active Skydivers. Flexible operating hours, low overheads and proven technology are just a few of the highlights that support the company’s business model.

abnnewswire.com 


Contact

Indoor Skydive Australia Group Ltd
Fiona Yiend
E: info@indoorskydiveaustralia.com.au
WWW: www.indoorskydiveaustralia.com.au



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