NewSpace Center, LLC, a 4Frontiers Corporation subsidiary, launched an initial private placement offering today that is intended to finance the first phase of INTERSPACE Florida, a real science interactive space themed destination located on a 75 acre master planned and zoned spaceport territory site eight miles from Kennedy Space Center at the Titusville Cocoa Airport (TICO).
A highly experienced core team of Central Florida based aerospace, financial, and themed entertainment professionals have assembled to support the offering and underscore INTERSPACE credibility. The companys target is to raise $15-$20 million in equity to provide for the first tier of a three tier financing approach that also includes both public bonds and commercial debt. A total of $80 million is required to fund the first phase of INTERSPACE and bring the initial expansion to profitability. The company expects a high return on equity, projecting a five year simple payback that includes a two year period for initial design and construction.
The first phase of INTERSPACE is estimated to create 300 jobs including 200 in the company and 100 secondary positions within the local economy. Titusville and Brevard County have provided a combined ad valorem tax incentive of $1.4 million in support of this expansion. This initial development will build out one third of the site, leaving plenty of space for future planned expansions including supporting technology businesses, light manufacturing, and education facilities. 4Frontiers is also actively negotiating for a local Florida university on-site business incubator operation targeted to open with INTERSPACE.
INTERSPACE will immerse its guests in a dynamic, visceral, hands-on adventure, training with high-tech tools of the space frontier and glimpsing into the future by visiting the largest indoor Mars simulation in the world. Guests themselves will become Explorers and Settlers, bringing visions of our future into current reality. Technical accuracy comes from a 4Frontiers three year unpublished study by 70 engineers, researchers, and scientists that addressed the first two generations of a real Mars settlement. INTERSPACE incorporates study results, including the characteristics and technologies of an expanding 2,000 resident settlement.
NewSpace Center, LLC, a 4Frontiers Corporation subsidiary, is currently conducting an initial private placement offering intended to finance the first phase of INTERSPACE Florida and bring it to commercial readiness and profitability. The offering is focused on the $15 – $20 million first tier equity portion of an overall financing requirement totaling approximately $80 million. The three tier financing approach combines private placement equity with a second (mezzanine) tier consisting of public bonds and a third tier consisting of senior debt, to achieve the total $80 million first phase requirement.
INTERSPACE, a highly realistic interactive space themed destination, will be located on a 75 acre master planned and zoned spaceport territory site eight miles from Kennedy Space Center at the Titusville Cocoa Airport (TICO). TICO officials are working with Space Florida to acquire an FAA spaceport license for the facility and there is a strong potential for Space Florida to contract with TICO for some Kennedy Space Center (KSC) Shuttle Landing Facility (SLF) operating services. Also, 4Frontiers is currently negotiating a strategic relationship for a local Florida university on-site business incubator operation.
If you are interested in this offering, please use the email link below and we will forward additional material. (Responders will not be placed on any distribution list or receive communications outside of offering information).
For specific questions on the offering, please email Joseph Palaia at [email protected] or call 508-561-2232.
Private placement equity under this offering includes an enhanced ownership share with high projected annual return and a five year simple payback period. The offering will close and financing cash flows will occur after all three tiers of financing are validated in compliance with Security Exchange Commission requirements. Minimum offering investment is $25,000 and the target investment amount is $100,000 or more per investor or investment entity.
INTERSPACE – Private Placement Offering Core Team
Leaders
Joseph Palaia – President & CEO, NewSpace Center, LLC
Mark Homnick – NewSpace Center, LLC
Members
Geri Burke – Systems engineer and strategic organization manager for communications systems for 30 years.
Terry White – Prior project leader & shuttle orbiter processing chief, STN board member, and US Air Force veteran.
John Darley – Prior Disney financial services supervisor. He has developed custom business cases for themed entertainment destinations for 23 years.
Harold Donald – Prior space systems engineer / manger, shuttle test and evaluation, and US Air Force veteran.
Bradley Hoover – University of Central Florida aerospace senior and Florida Space Grant Consortium ambassador.
Robert Osband – Computer / telephone technician, US Space & Missile Museum tour guide, and US Army veteran.
Russel Bardsley – Prior senior aerospace technician, shuttle ordinance mechanic, and US Navy veteran.
Mark Gaedcke – Aerospace quality, certification, and training specialist for manned space flight and US Veteran.
INTERSPACE Consultants and Advisors
In addition to the current 4Frontiers Consultants and Advisors which the company will make available, the following consultants will participate as INTERSPACE experience and facility design reviewers for NewSpace Center, LLC, to impart technical accuracy and consistency.
Frank Crossman – Ph.D. in Material Science (Stanford), prior Director of Materials Systems or Lockheed Martin.
Andrew Schuerger – Ph.D. in Microbiology and Plant Pathology, prior researcher at The Land (EPCOT) for 18 years.
Jerry Moyer – Project Manager at the NASA / Space Florida Space Life Sciences Lab at Kennedy Space Center.
4Frontiers Strategic Relationship for a Titusville Business Incubator
4Frontiers Corporation is actively negotiating a strategic business relationship for a local Florida university to establish a Titusville based branch of a university run business incubator program. The branch would ultimately be located on a 75 acre parcel at the Titusville Cocoa Airport where 4Frontiers subsidiary NewSpace Center, LLC is developing a mixed use commercial site around a highly realistic interactive space-themed destination called INTERSPACE.
The needed facilities, timing, and financing are central parts of the discussion, but one possibility is an interim Titusville based operation followed by a resident INTERSPACE site incubator opening on the targeted INTERSPACE grand opening date.
4Frontiers will provide periodic updates on the business incubator status based on progress.
04/04/2011
Florida Today – Newspaper Article
Florida Today ran an article which mentioned the planned 4Frontiers headquarters and NewSpace Center’s Mars themed attraction, both of which are slated for development in Titusville, FL.
Central Florida Future – UCF Student Newspaper Article
UCF’s student newspaper ran an article discussing Eathrise Space, Inc., a non-profit being supported in part by 4Frontiers. The article quoted 4Frontiers VP Joseph Palaia.
Florida Trend ran an article discussing Eathrise Space, Inc., a non-profit being supported in part by 4Frontiers. The article quoted 4Frontiers VP Joseph Palaia.
Florida Today ran an article discussing government grants sought by the Titusville Cocoa Airport Authority. One of those grants would support the INTERSPACE project being pursued by NewSpace Center, LLC.
The editors of RoadsideAmerica.com interviewed NewSpace Center, LLC manager Joseph Palaia and published an update about the INTERSPACE project on their blog.
The Tampa affiliate of ABC Action News aired a segment on their news broadcast about INTERSPACE, which featured an interview by manager Joseph Palaia. Also a short note was posted on their website about the segment.
Local Company Planning Space-Based Theme Park(Archived Copy)
3/08/2010
Bay News 9, Tampa – Television News Spot
Tampa-based Bay News 9 aired a segment on their news broadcast about INTERSPACE, and interviewed managers Mark Homnick and Joseph Palaia. Also a short note was posted on their website about the segment.
The St. Petersburg Times published an article about 4Frontiers Vice President Joseph Palaia and his experience at the Mars Society’s Flashline Mars Arctic Research Station.
4Frontiers intern Svetlana Shkolyar recently wrote an article about 4Frontiers which was published in the NASA Ask (Academy Sharing Knowledge) Magazine, “The NASA Source for Project Management and Engineering Excellence.”
Florida Today published an article which mentions the proposed NewSpace Center project, and quotes 4Frontiers Vice President Joseph Palaia, following his presentation at the Space Investment Summit in Orlando.
Space Generation Advisory Council – Newsletter Article
The Space Generation Advisory Council published an article written by 4Frontiers intern Svetlana Shkolyar in their November Newsletter. See page 13.
SGAC Newsletter – Conquering a New Frontier (Archived Copy)
9/15/2008
Florida Today – News Article
Florida Today published a more detailed article about 4Frontiers and the proposed NewSpace Center.
Road to Life on Red Planet May Start in Titusville(Archived Copy)
9/10/2008
Florida Today – News Article
4Frontiers and associated spin-off company NewSpace Center, LLC are seeking tax abatements associated with operations and facilities which are proposed for Titusville, FL. Florida Today reports following a presentation by Mark Homnick and Joseph Palaia at the 9/9/2008 City of Titusville Town Council Meeting.
Mars Settlement Firm Seeks Tax Break from Titusville(Archived Copy)
9/06/2008
CEO Lounge – Radio Interview
Mark Homnick, CEO of 4Frontiers was interviewed on the CEO Lounge radio show which aired on September 6, 2008 in Tampa, Florida.
Del Mar College in Corpus Christi, TX ran an article in their Campus News publication about 4Frontiers consultant Vernon Kramer, who appears on an episode of the Modern Marvels television show.
St. Petersburg Times, Pasco County Edition – News Article
The St. Petersburg Times ran an article in their Pasco County edition about the 4Frontiers summer interns. Note that Tara Allen, John Truett and Alex Stimpson were paid interns, support for the summer by NASA through Space Florida and the Florida Space Grant Consortium.
Summer intern Tara Allen was interviewed by the Tampa Tribune about her 4Frontiers internship (where she is designing interior layouts for Mars habitats), and about her passion for golf.
4Frontiers VP Joseph Palaia speaks at the Purdue Spring Space Forum.
Space travel experts talk about trip to Mars (Archived Copy)
11/1/2007
MIT Technology Review – Alumnus Profile
MIT’s Technology Review published a profile of 4Frontiers VP Joseph Palaia, who is a graduate of the university’s Master of Science program in Nuclear Science & Engineering.
Targeting the Commercial Potential of Mars(Archived Copy)
9/16/2007
Jeff Fisher Talk Show – Radio Interview
4Frontiers CEO Mark Homnick and VP Joseph Palaia were interviewed by host Jeff Fisher on his Sunday radio talk show on station Newsradio 970 WFLA at 12:05PM.
4Frontiers VP Joseph Palaia was quoted in an article by Northern Life.ca, while he was attending Planetary & Terrestrial Mining Sciences Symposium in Sudbury, Ontario, Canada.
Joseph Palaia appeared on the Space Show with Dr. David Livingston. Joe explained the purpose of the 4Frontiers Corporation and discussed its efforts to work towardds the settlement of Mars. The show was streamed live over the internet and was archived in MP3 format.
"There may be only a brief window of opportunity for space travel during which we will in principle have the capability to establish colonies (which could in turn establish further colonies). If we let that opportunity pass without taking advantage of it we will be doomed to remain on the Earth where we will eventually go extinct." - Richard Gott, "Implications of the Copernician Principle For Our Future Prospects," Nature, 1993