20th October 2009

There are many new aspects to the Hoverpod® to which the
technical team has identified as vital to address if providing a quality product,
worthy of the name Hoverpod® in which the public want assurance of said
quality.

Last month we announced a breakthrough in propeller technology
to which was simply a revolution and something you will have the opportunity to
view for yourselves early next year. However, our web site is often receiving e-mails
showing concern about the noise pollution sometimes created by DIY built
Hovercraft.

As you have all had the opportunity to see who the partners
and team members are through viewing the web site at www.f1hoverpodracing.com/partners
I’m pleased to say we have also addressed these issues as part of the
development. Whilst I can’t divulge too much at this stage, I am at liberty to
say a world leader in silencer and emissions have entered into negotiation to
assume the role.

The contracts negotiation team will be visiting Europe next
week to secure this opportunity for both parties, upon return to the UK, I will
have permission to confirm in full the appointment is on board.

The application forms for interest can still be downloaded
at http://www.f1hp.com/applicationform.pdf
and if you leave it too late, you may live to regret that decision for a long
time to come as the interest has been un-believable and I thank you all for the
kind words and wisdom.

Thanks Guys

Team Manager. smiley