World’s smallest independent state, Sealand, in talks with Russian investment group Friday 7 September 2007 PDF Print Royal Family presented with opportunity to fund the launch of a Sealand satellite system The world’s smallest independent state, the Principality of Sealand, has received a multi-million dollar investment opportunity to fund the launch of a communications satellite. The principality has been approached by a Russian investment group attracted by Sealand’s independent status and its potential for developing media download services, operating under its own jurisdiction. The potential satellite system would enable content to be broadcasted internationally, directly from the former military fortress. The proposed plan, from a Moscow-based venture group, involves optimising high-capacity servers on the micro-nation and launching a satellite to enable content to be delivered online. Sealand recently launched the world’s first national online casino, Sealand Casino, offering all players tax-free winnings. The micro-nation celebrated its 40th year anniversary on the 2nd of September, commemorating the day that Prince Roy of Sealand exerted state authority on the island. The Principality of Sealand is located six miles off the Eastern shores of Great Britain. The latest Principality of Sealand developments can be found at its official digital newspaper, Sealand News (http://www.sealandnews.com). …/ends About the Principality of Sealand: On 2 September 1967, former English major Paddy Roy Bates formally occupied a former military fortress, created by Great Britain during World War II and subsequently abandoned to the jurisdiction of the High Seas. The Principality of Sealand’s independence was upheld in a 1968 British court decision where the judge held that it stood in international waters and did not fall under the legal jurisdiction of the United Kingdom: giving birth to Sealand's national motto of E Mare Libertas, or "From the Sea, Freedom". Seven years later on 25 September 1975, Roy of Sealand proclaimed the Constitution of the Principality. Over time, other national treasures were developed, such as the flag of the Principality of Sealand, its national anthem, stamps, as well as gold and silver coins launched as Sealand Dollars. Finally, passports of the Principality of Sealand were issued to loyal subjects. Recent years have seen an impressive expansion in both social and industrial activity, with the Principality of Sealand developing a growing economic base, underscoring its long-standing membership of the international community of States. http://www.sealandnews.com/ This press release was distributed by ResponseSource Press Release Wire on behalf of Immediate Future in the following categories: Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.