Go for launch! X PRIZE Foundation announces teams ready to competefor $10 million (Forwarded)

X PRIZE Foundation

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July 27, 2004

GO FOR LAUNCH! X PRIZE FOUNDATION ANNOUNCES TEAMS READY TO COMPETE FOR $10 MILLION

Los Angeles, CA -- The American Mojave Aerospace Ventures Team announces launch
dates for SpaceShipOne and the Canadian da Vinci Project Team announces roll-out
date for their completed spaceship.

The X PRIZE Foundation announced key next steps today by two of its top
competitors for the ANSARI X PRIZE. The American Mojave Aerospace Ventures, LLC
Team (a partnership between Paul G. Allen and Burt Rutan and his team at Scaled
Composites) announced today that it has given its official 60-day notice and has
scheduled its first competition flight on September 29th, 2004, at the Mojave
Airport Civilian Aerospace Test Center in Mojave, California. To win the $10
million, SpaceShipOne will need to make a second flight within two weeks, by
October 13th, 2004.

In addition, the Canadian da Vinci Project Team, based in Toronto, Canada,
announced its plans to roll-out its completed Wild Fire spacecraft for public
viewing and photo opportunities on Thursday, Aug 5th, 2004, at its Downsview
Airport hanger in Toronto. The da Vinci Project Team, widely heralded as a
contender for the $10 million, will pursue its own ANSARI X PRIZE space flight
attempts this Fall.

Also introduced to supporters and press was Amir Ansari, representing the Ansari
family, the benefactors who titled the ANSARI X PRIZE, and Astronaut Rick
Searfoss, the Chief Judge of the competition. The announcements took place at
the Santa Monica Municipal Airport in Santa Monica, California, at 10:30 am PST.

"Eight years ago, under the Arch in St. Louis, we kicked off the X PRIZE
competition. Today I'm pleased to announce that the first team is ready to make
an attempt to claim the $10 million, with other teams close behind, said Dr.
Peter H. Diamandis, Chairman and Founder of the X PRIZE Foundation. "The
American Mojave Aerospace Ventures Team and the Canadian da Vinci Project Team
are just two of the 26 competing groups who will someday make it possible for
spaceflights to be conducted from commercial spaceports across the globe. When
the ANSARI X PRIZE competition is won, it will herald the start of a new
renaissance of spaceflight in which the general public will have their chance to
fly next."

If successful, Mojave Aerospace Ventures will make history by launching a
privately financed, manned spaceship to 100 km altitude, twice within two weeks,
each carrying a pilot and the weight and volume equivalent of two additional
passengers. On June 21st, Mike Melvill, a pilot for Mojave Aerospace Ventures,
became the first commercial pilot to enter suborbital space, earning astronaut
wings and a spot in the Guinness Book of World Records. Similar to the June
flight, the competition launches will take place at the Mojave Airport Civilian
Aerospace Test Center in Mojave, California. The public is invited and
encouraged to attend the historic events. Parking passes for public attendance
can be purchased on the X PRIZE website (www.xprize.org).

"The idea of competitions have always had a rich heritage in our society," said
Paul G. Allen, sole investor of SpaceShipOne and partner in Mojave Aerospace
Ventures, LLC. "This competition has proven that there are many different ways
to attack the challenges set out by the ANSARI X PRIZE. From the start we have
approached SpaceShipOne with a 'can-do, home-brew' attitude. We are grateful
that our previous flights have brought even more attention to the ANSARI X PRIZE
and given more momentum to the groundswell of excitement that is continuing to
build for the long-term potential of affordable space exploration."

"I want to thank the X PRIZE Foundation for providing the inspiration in 1996,
to get us little guys thinking about private development of manned space flight.
Last month our team demonstrated that private companies can indeed conduct space
flights without government help." stated Burt Rutan, Team Leader of the Mojave
Aerospace Ventures Team and designer of both the White Knight and SpaceShipOne.
"We are hopeful to complete both qualifying flights and to win the ANSARI X PRIZE."

Wild Fire, the Canadian da Vinci Project Team spacecraft, is also launched at
high-altitude into suborbital space at 80,000 feet from an unmanned, reusable
helium balloon. The Canadian da Vinci Project Team, considered one of the top
ANSARI X PRIZE competitors, will reveal its Wild Fire space vehicle to the
public for the first time on August 5th, 2004, at its Downsview Airport Hanger
in Toronto.

"The da Vinci Project Team has made huge strides in the past year and we're
excited to finally share Wild Fire with the public," noted Brian Feeney, da
Vinci Project Team Leader. "We're in the commercial tourist race for the long
haul and while working with an all-volunteer team, we've been able to accomplish
major aviation and space milestones in pursuit of the ANSARI X PRIZE."

In addition, Colonel Rick Searfoss, pilot and commander of three Space Shuttle
missions, was introduced as the Chief Judge of the ANSARI X PRIZE. "We have met
with the Mojave Aerospace Ventures Team and we are prepared to ensure that the
flights are well monitored and that all rules are followed carefully," said Col.
Searfoss. "As an experienced astronaut, I can tell you that I'm personally
excited to see the beginning of a new generation of spaceflight."

About the ANSARI X PRIZE Competition

Currently, 26 teams from around the globe are competing for the $10 million
ANSARI X PRIZE. In order to win the competition, teams must build a safe and
reusable space vehicle able to carry one pilot and the weight equivalent of two
passengers, 100km (62 miles) into suborbital space. The vehicle must be
privately financed and safely flown twice within a two-week period. The first
registered ANSARI X PRIZE team to complete this feat will win the $10 million
prize and a spectacular 5-foot trophy.

About the X PRIZE Foundation (www.xprize.org)

The X PRIZE Foundation is a not-for-profit educational organization with
headquarters in St. Louis, Missouri. The Foundation's ANSARI X PRIZE Competition
is supported by its Title Sponsor, the Ansari family, and Presenting Sponsor,
Champ Car World Series. The Foundation is also supported by private donations
from the St. Louis Community through an organization called the New Spirit of
St. Louis Organization. The Foundation's mission is to educate the public about
space travel, create educational programming for students and space enthusiasts,
and provide incentives in the private sector to make space travel frequent and
affordable for the general public. Several additional sponsorships for the
ANSARI X PRIZE competition remain available to corporations or individuals who
wish to support the contest and associate themselves with courage,
determination, achievement, space, speed, high performance and technology.

To find out how individuals or corporations can join the efforts of the X PRIZE,
or involve neighborhood schools or community centers with X PRIZE educational
programs, visit www.xprize.org or contact the office at 636-519-9449.

About the X PRIZE Foundation

The X PRIZE Foundation is a not-for-profit educational organization with
headquarters in St. Louis, Missouri. Supported by private donations and the St.
Louis community, the Foundation’s mission is to create educational programming
for students and space enthusiasts as well as provide incentives in the private
sector to make space travel frequent and affordable for the general public.
Several additional sponsorships for the ANSARI X PRIZE competition remain
available to corporations or individuals who wish to support the X PRIZE
Foundation and associate themselves with space, speed and high technology.