Replies to post #115128 on MOMO'S BREAKOUT BOARD

[doogdilinger]

8000 Inc. Exceeds 2008 Sales Projections Ahead of the Cannonball 8000 Singapore Launch

LONDON--(BUSINESS WIRE)--8000 Inc (Pink Sheets:EIGH) today confirms that 80% of the 2008 Cannonball 8000 European rally places are already pre-sold, delivering revenue of $1.4M and exceeding the published 2008 sales forecasts. In addition, the Company has also presold 22% of available places for the recently announced Cannonball 8000 Singapore Rally.

The new-for-2009 Cannonball 8000 Singapore Rally is to be officially launched on 28th January 2008 in Singapore, in association with FHM Singapore and ESPN Star Sports.

The Cannonball 8000 European Rally has been established since 2002, with annual event turnover in excess of $1M. The Singapore event is forecasted to deliver $1.5M in revenue, with net profits of over 50% for each event.

In addition, the new Cannonball 8000 television series, in association with broadcast partners Extreme Channel, begins in February 2008.

Finally, the Company is currently filing to achieve “Current Information” status on Pink Sheets, an important disclosure step for the Company. The Company expects to achieve this upgraded status in January.

Conrad Wall, CEO, “2008 is set to be a tremendous year for the Company. We now have full Pink Sheet status and are working hard to achieve the top disclosure status on Pink Sheets. From a financial point of view, our pre-event sales are so far ahead of forecast that we have actually surpassed our predicted sales totals for 2008 before the year has even got full underway. Revenues are strong, and with established systems in place, profit margins are consistent. On top of this, the two new events we have announced, the UK-based Manchester to Brighton run and the unveiling of Cannonball 8000 Singapore, have delivered a massive increase in awareness for the brand. We are really excited about the forthcoming television series, and are on track for a very successful and prosperous year.”

Notes:

The Cannonball 8000 rally is a rapidly expanding lifestyle event (organised by 8000 Inc) that focuses on fast cars and five star luxuries. Centred on a three-day European rally, 8000 Inc. has reached an annual turnover in excess of $1.2M in just four years. As the European event typically sells out six months in advance, Conrad Wall, founder and CEO of the company and the event, is eyeing global expansion. Running at close to 50% profit, with retained earnings of over $600,000 per year, Wall is set to take Asia, Australia and the USA by storm.

Further brand expansion is scheduled with the launch of Cannonball 8000 TV, a broadband television channel focusing on the high-roller lifestyle, merchandising, clothing, expansion of the already successful Cannonball 8000 track days and a five year DVD distribution deal with Duke Video, Europe’s largest motorsport DVD distributor.

The latest addition to the Cannonball 8000 event portfolio was successfully launched at Old Trafford, the world famous home of Manchester United, in early December 2007. The Manchester to Brighton Rally gives people a true taste of the Cannonball lifestyle during a day long run through some of England's most beautiful settings. Total revenue for the 2008 Cannonball 8000 Manchester to Brighton Rally will be $229,124.00

A full business plan, complete with financials and forecasts is available to view at www.8000inc.com

Interview with CEO Conrad Wall can be found at:

www.wallst.net/audio/audio.asp?id=4343

ENDS

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.


Contacts
8000 Inc
Conrad Wall, CEO
Tel: [phone]
Mobile: [phone]
[e-mail]
www.8000inc.com