Rocket Racing League®'S X-RACER COMPLETES FLIGHT TEST PROGRAM

LAS CRUCES, NM, October 21, 2005 - The Rocket Racing League® (RRL™), announced the successful completion of a detailed performance flight test research program for the EZ-Rocket rocket plane culminating in two exciting and aggressive public demonstration flights. The EZ-Rocket, precursor to the X-Racer™ now under development, made three flights out of Las Cruces, NM at the 2005 X PRIZE Cup events, two of these on the same day. The flights included three successful engine relights during flight and a maximum altitude reached of 8,756 feet. This accomplishment is a significant milestone for the vehicle and for the Rocket Racing League®. The RRL also announced that the League's finals will take place each October at the X PRIZE Cup in New Mexico, with Semi-Finals to occur at the Reno Air Races each September in Nevada. The inaugural race of the League will be at next year's X PRIZE Cup in October 2006.

"As the man in the rocket plane I'd like to thank and credit the terrific team of the Rocket Racing League®, XCOR Aerospace and the X Prize Foundation for all their hard work in getting us to this point," said Colonel Rick Searfoss, Chief Pilot of the Rocket Racing League®. "We established a solid baseline performance and procedures that set the stage for the Mark-1 X-Racer which will ultimately fly with more than twice the thrust of the development vehicle flown this past weekend."

The Rocket Racing League® has been working with leading engineers, propulsion and airframe companies, the FAA as well as with experienced astronauts like Colonel Searfoss and acrobatic pilots like Sean Tucker to develop the Mark-1 X-Racer for the League's inaugural exhibition race in October 2006. The three flights of the development vehicle reinforce how far the group has come in integrating a liquid rocket propulsion system with a modified airframe to build a strong, reliable and exciting rocket-powered airplane capable of withstanding high speed acrobatic flight in a three-dimensional racetrack in the sky.

About the Rocket Racing League®
The Rocket Racing League® is an aerospace entertainment organization which combines the competition of racing with the excitement of rocketry. The RRL is dedicated to providing safe and thrilling experiences for families through live events, television broadcasts and interactive technologies. Co-founded by Dr. Peter H. Diamandis, founder of the X PRIZE, and Mr. Granger Whitelaw, two-time Indianapolis 500 champion team partner, the league's mission is to serve as a technology accelerator in the areas of airframe, propulsion and spacecraft design, and reach for the future to inspire the next generation of spaceflight enthusiasts.

Rocket Racing League® ™, RRL ™, and X-Racer ™ are trademarks of Rocket Racing Inc.