ORLANDO, Fla., July 12, 2016 /PRNewswire/ -- ThrillCorp, Inc., the latest endeavor of successful serial attraction entrepreneur Bill Kitchen, doesn't fit in any traditional theme park box. Placing 300- to 600-foot tall rollercoasters and observation attractions costing upwards of $30 million each in the heart of cities across America is not your every-day business plan. To showcase its unique nature, today the company has released a full rider-point-of-view video of this highly disruptive attraction. The video and images can be accessed here:
ThrillCorp Project Animation - https://www.youtube.com/watch?v=Ly4QP7pOfCs
The company's pitch is that it takes the best rides of a theme park and attaches them to a very tall tower. By going vertical it adds more thrill to the ride experience and is able to dramatically reduce the land required for its rides relative to traditional theme parks. Its small footprint of less than an acre makes it much easier to find locations closer to customers for a much lower investment cost. Guests can come and ride several highly repeatable attractions more often without committing a full day and significant expense required for a day in a theme park. Providing multiple attractions on a tall tower closer to customers in a compact site generates much higher revenue per square foot and coupled with low operating costs creates attractive profit margins. The company believes that if it is able to build a network of sites its potential valuation could be in the billions.
Mr. Kitchen's success is proven. He has previously created two very successful attractions companies. The first was SkyCoaster, which he invented to provide the thrill of a freefall and became the best selling ride in the world. The second was iFly indoor skydiving tunnels that float guests in a controlled column of air so accurately simulating the experience that professional skydivers train in them.
ThrillCorp believes there are 30 to 50 viable markets in the U.S. alone. David Gust, the company's CEO indicated that the company didn't just jump into the development business. "Our initial plan was to license Polercoasters to third-party developers who would own and operate them as anchors of larger real estate projects. We quickly sold four Polercoaster sites and saw that we were leaving tremendous value on the table, so we decided to form ThrillCorp to develop, own and operate rides in other territories." The company indicates that the four licensed sites are advancing through the design and permitting process with Orlando, Atlantic City and Atlanta close to launching construction. "We felt that those sales to very well-qualified developers provided validation of our product."
The company plans to fund its efforts by raising up to $50 million via the new SEC rules implemented in late 2015 called Regulation A+. "ThrillCorp has a great set of products, an experienced team, a good business model and we like the idea of a group of shareholder supporters working with us from the ground up to bring a new product to market," said Gust. "This is an exciting opportunity. We need the support of an army of small investors that want to see this come to life. We are hoping that the media and consumers will get behind this equity crowdfunding effort."
More information can be found at www.thrillcorp.com
ThrillCorp Project Animation Dropbox:
About ThrillCorp, Inc.
ThrillCorp, Inc. specializes in the development, ownership and operation of patent-protected Polercoaster and SkySpire attractions. ThrillCorp's founder, Bill Kitchen has created some of the most financially successful and best-selling attractions in the world. Kitchen's inventions have sold tens of millions of tickets, and created over $2 billion in revenue for their owners. ThrillCorp is headquartered in Orlando, Florida.
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that the company may make sales of the securities describe by the offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement at www.thrillcorp.com.
Tel: (407) 567-7006 ext 101