Thursday, February 29, 2024

Dynamic Technologies provides notice to acquire SkyFly: Soar America for just under $4 million

Dynamic Technologies Group Inc. announced that its wholly-owned co-venture subsidiary, Dynamic Entertainment Group Ltd., provided formal notice effective December 31, 2021 that it is exercising its option to acquire a 50% ownership interest in the flying theater attraction named SkyFly: Soar America located in Pigeon Forge, Tennessee, for a purchase price of US$3,995,822.

“I am absolutely ecstatic to announce that Dynamic gave its formal notice to exercise its option to buy and own 50% of SkyFly: Soar America on the very same day that we were informed by USA Today Readers’ Choice Award that this attraction won the very prestigious honor of being selected as the ‘Best New Attraction’ in America,” said Guy Nelson, CEO of Dynamic. “It is serendipitous that both have happened on the same day. The acquisition and the development of the attraction are the culmination of months of hard work by the company, its partner and its suppliers. The company made a strategic decision to pivot towards leveraging its attraction intellectual property through ownership. Together this acquisition and award establish as fact that the strategy is not only alive, but being extremely well received.”

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