Australian Syndicate Submits Notice of Challenge for the America's Cup

SYDNEY, Dec. 22, 2010 /PRNewswire/ -- Today a Syndicate of Australians including legendary yachtsman Ludde Ingvall, skipper of the YuuZoo Big Boat Racing Team, has submitted a Notice of  Challenge to the defending Golden Gate Yacht Club of San Francisco. The Syndicate aims to bring together nationwide resources and skills in a true people's challenge. Lodging the application reserves a place for Australia to return to competition for the world's oldest international sporting trophy.

Ludde Ingvall: "Excellence in youth sailing is my objective. We want to bring home the many talented Australians sailing for other countries and give them a chance to compete for their country. We want to create a legacy for future generations, something to aspire to, a reason for any Australian youngster to get out there and take part in our wonderful sport of sailing at all levels."

Project manager Dario Valenza: "Bringing an event to Australia would rival Oprah's visit in tourism value as well as boosting Australia's marine industry."

Syndicate member and multi hull expert Peter Baker: "Australia has been the challenger at seven and the defender at one of the 33 America's Cup events so far and has sought to challenge on three other occasions. Australia has provided America's Cup teams worldwide with more members than any other nation in modern times. We want to bring them home. The last America's Cup was won for the USA by an Australian skipper on a boat designed by an Australian racing against another boat designed by an Australian for a Swiss team. Yet Australia has been out of the game for 13 years."

YuuZoo Co Founder Ron Creevey says: "We are delighted and excited about partnering with the Big Boat Racing Team to work on the feasibility for the Australian America's Cup entry. Personally I would like to call on other Australian corporations and individuals to get behind the idea and bring the America's Cup back to Australia. We have watched the cream of Australian talent such as James Spithill and Adam Beashel compete for many countries over the past 20 years and it will be extremely satisfying for YuuZoo to be involved by providing the platform for talented Australians to represent our country."

"The best sailors on the fastest boats" - The F1 of sailing. This is the new format America's Cup: a level playing field where giant, faster than the wind, 22 metre catamarans powered by 40 metre rigid wings fly on the edge of  control with one hull in the water and the other metres above. The furious action takes place in locations across the globe including Australia. On  courses which are chosen as natural amphitheatres, close to shore where  spectators can almost reach out and touch the amazing machines dueling in short races in rapid succession.

An independently managed, ongoing Annual World Tour is planned and part of the Syndicate's strategy is to stage events in Australia.

The new boats will test strength and finesse, require nerves of steel and super fast reflexes. Skills required in all sailing but honed to perfection in the giant AC72 yachts. The new Australian Syndicate wants to bring AC Supporters together in giving young, talented Australian sailors the chance to step up and shine on the world stage.

Ludde Ingvall: "We want to get everyone working together to make possible a true people's challenge for the benefit of all Australians. The new format America's Cup is a once in a lifetime chance to jump to the front of a sporting and technological revolution. Being part of the America's Cup also means bringing races to Australia, fantastic for tourism and the chance for Australian fans to see their team in action. Our aim is to engage the Australian public, corporate Australia and Australian sailing institutions such as yacht clubs and associations. We are undertaking due diligence with well respected business advisors reporting on the economic impact of taking part in what is the third largest sporting event in the world."

The Syndicate is seeking the advice of the sailing community through an Advisory Panel, seeking the support of the Australian public through a Supporters Club and the support of the Australian Government through both Sport and Tourism Authorities. "Most importantly we need the support of the whole Australian sailing community," said Ludde Ingvall.

Background

After their victory in February 2010, Larry Ellison's BMW Oracle Racing Team revolutionised sailing by creating new independent management for the America's Cup.

A new class of cutting edge technologically advanced giant catamarans capable of sailing at three times the speed of the wind was created to race with simplified rules on short courses in natural amphitheatres with unprecedented levels of video, audio and telemetry coverage.

The format is tailored for TV and accessible to all. Boats will sport national flags and the calendar will encompass events on every continent.

The Australian Syndicate have created a pilot programme to put in place the key elements needed to recruit and train the talent of tomorrow. The first step on the road to the America's Cup will be participation in the 2010 Rolex Sydney to Hobart race using the YuuZoo maxi yacht skippered by Ludde Ingvall.

Ludde is a living legend in the sailing world. Among his many achievements highlights include: two victories in the Sydney to Hobart, two maxi yacht world championships, a transatlantic record and a Sydney to Hobart record, the one before the current one to be precise.

Ludde Ingvall: "The YuuZoo Big Boat Racing Team has a policy of being open and leaving a legacy. We want every Australian to be part of the dream, to create a truly Australian team that we can all be proud of and that puts value back into the community."

Project manager and experienced America's Cup competitor Dario Valenza adds: "Our summer programme with the YuuZoo maxi taking part in the 2010 Rolex Sydney to Hobart has been the perfect way to bring together a team capable of designing, building, sailing and handling logistics in big boat racing. The spirit of drawing on talent from all over Australia was reflected in significant aspects of the 2010 programme: The mould for our new forward underwater foil was made in Queensland, the bearings come from Melbourne, manufacturing was done on the Central Coast..."

By lodging a challenge for the America's Cup Australia now has a seat at the table in the crucial early stages of creating the new undisputed pinnacle event in sailing. Support from every Australian is sought to help Australia get back into a unique and worthy sporting contest that will generate a much needed boost to the tourism, hospitality, marine and retail industries in Australia.

YuuZoo Corporation (www.yuucorp.com, www.yuuzoo.com ) operates globally, and offers consumers in Asia, North America, Middle East, Africa and Europe the ability to subscribe to a wide range of content and services that they can download and use on their mobile devices. YuuZoo has developed a vertically integrated service offering where mobile content and services, mobile payments and mobile technology platforms combine to leverage off the significant growth in these sectors. YuuZoo derives its revenues from a diverse number of avenues, including:

* Paid mobile content – through one-off transactions or user subscription fees;

* Mobile advertising – both for advertiser supported free content, subscription channels and on-device portals;

* Mobile and online payments – margin on the value of transactions processed through YuuPay;

* Franchise management – upfront franchise fees and a revenue share over all franchisee content, online purchases and advertising revenues;

* White label services/Application Development – through project fees and revenue share arrangements.

* IPTV – distribution of partner channels through existing YuuZoo IPTV partnerships and the bundling of Ethnic based IPTV channels.

Media: To interview Ludde Ingvall, YuuZoo founder Ron Creevey or YuuZoo Big Boat Racing Team Project Manager Dario Valenza please contact:

SOURCE YuuZoo