Residential Cruise Line Signs Memorandum of Understanding with Aker Yards

Residential Cruise Line Signs Memorandum of Understanding with Aker Yards

February 07, 2007

The Magellan Private Residential Cruise Ship's Shipyard
Selected

    PHOENIX, Feb. 7 /Xinhua-PRNewswire/ -- Randall B.
Jackson, chief executive officer of Residential Cruise Line
Ltd. (RCL), announces the Company has signed a Memorandum of
Understanding (M.O.U.) with Aker Yards to build the world's
largest residential cruise ship, the Magellan.  Aker Yards,
a part of the Aker Group, is one of the largest and most
renowned shipbuilders in the world.

    "We selected Aker Yards as our shipyard of choice
for their proven track record of building world-class,
sophisticated and innovative ships," said Randall B.
Jackson.  "The Memorandum of Understanding is our
first step in building the most luxurious residential
cruise ship ever built."

    Designed by the internationally acclaimed Norwegian
firm of Petter Yran and Bjorn Storbraaten Architects A.S.,
the Magellan offers fractional and full-ownership of
luxuriously appointed residences and penthouses as well as
such unprecedented amenities as a full-service retractable
marina, on-call private Bell 429 helicopters, a 450-seat
satellite broadcast capable theater and 24-hour on-call
concierge service to name just a few.  Private residences
on the Magellan range in price from $1.875 million to $8
million for penthouses and from $156,250 for fractional
ownership residences.

    The finalization of the project is subject to the
completion of the financing.  For more information about
ship specifics and fractional ownership opportunities, call
[phone] or visit the Web site at
hhtp://www.residentialcruiseline.com . 

    For more information, please contact:

     Teri James
     Tel:   [phone]
     Cell:  [phone]
     Email: [e-mail] 


SOURCE  Residential Cruise Line