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Author: xReality Group Ltd
xReality Group Limited (XRG) specialises in building and operating immersive XR products and experiences that enhance lives. xReality Group’s portfolio includes physical and digital simulation used across the enterprise, defence and consumer markets. Using technology we create experiences without the physical limitations found in the real world.
XR stands for eXtended Reality, and is a catch-all term for Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR). Extended Reality combines physical and digital simulation for both consumer and enterprise market segments. The XR category is growing rapidly with the market predicted to grow from US $26B in 2020 to US $905B in 2027. Facebook’s parent, Meta, is investing $10Bn US/year alone into accelerating development of the Metaverse.
The Company was founded by two ex-SAS soldiers to bring the joy of simulated human flight to the region through cutting-edge indoor skydiving facilities. In recent years, the Company has expanded its simulation portfolio from indoor skydiving to include out of home virtual reality entertainment, defence XR training and XR software development.
xReality Group companies include Operator XR, a Defence and Law Enforcement simulation training company, Red Cartel, an XR production company, two Australian iFLY Indoor Skydiving Facilities, and four FREAK Virtual Reality venues.
The Company listed on the ASX on 18 January 2013 as Indoor Skydive Australia Group Limited (ASX:IDZ) and was rebranded to xReality Group Limited ASX: XRG on 8th December 2021.

Written by Martin Massini – 24/10/15
A $10 million indoor skydiving facility, mooted for the Gold Coast in June, is set to join the line-up of recreation businesses in Surfers Paradise.
The venue is only the second in Australia — the first opened in Sydney in March.
It is being established by Indoor Skydive Australia Group which gained council approval for the facility in late August.
It will be located on a 1326sq m property at 3082-3084 Surfers Paradise Blvd where work has started for the new facility, whose centrepiece will be a 3.66m-high glass wind tunnel.
ISAG, a listed company, holds the property under a 20-year lease with two 10-year options that was negotiated by Doug Garvie, of Savills Gold Coast, on behalf of owners Loraine and Joseph Gorski.
“The finer details of the lease remain confidential but I can say that the facility will be a fabulous attraction and a significant addition to the Gold Coast tourism offering, and more particularly that of Surfers Paradise,” Mr Garvie said.
“The venue will operate under the brand iFLY and ISAG intends to add value to the property, building on the site a three-storey facility that will simulate the free-fall experience of skydiving “
Mr Garvie said the company is expanding and plans to establish facilities in Adelaide, Perth and Melbourne in the next two years.
According to ISAG’s annual report, people aged 10 to 19 constitute 25 per cent of patrons at its Penrith facility.
ISAG chief executive Wayne Jones said Gold Coast visitor numbers were rising, making the timing perfect for the new venue, which is expected to open in the second half of next year.
“The Gold Coast is the adrenalin capital of Australia and the venue will be an excellent fit,” he said.
ISAG said fabrication of wind-tunnel components is on track for completion in late January.
Mayor Tom Tate said the city council “is committed to supporting development of new attractions on the Gold Coast and the new facility is a prime example of the city growing and adapting its tourism offerings”.
“Tourism on the Gold Coast sustains 30,000 jobs and adds $4.6 billion to the economy, so it is crucial that the city does what it can to retain its enviable status as a world-class tourism destination,” he said.
The first stage of siteworks, preparations for foundations and services, involves demolition of structures and removal of bitumen and fill.
At the same time, work is being undertaken to transform the interior of a building on the site to provide for retail premises along the street frontage.
ISAG said that its intention is to generate ancillary revenue from the retail premises ahead of completion of the skydiving facility.
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MOELIS & COMPANY
Read the IDZ’s performance report by Moelis & Company here.
Veritas Equity Research

Read the Equity Research report conducted by Veritas here.
2015 Annual Report

ISA Group have released their 2014/2015 Annual report with financial results.
Gordon Capital Research Report

The latest report from Gordon Capital Research regarding ISA Group capital raise and expansion.
Read it all here.

ISA Group has entered into a Non-Renounceable Rights Issue Offer which opens Wednesday, 12 November 2014 and Rights Issue offer period closes 5.00pm (Sydney time) Friday, 21 November 201

Securities company Veritas releases an updated report on the Indoor Skydive Australia Group.
Download it here.
ISA Group Annual Report 2014
2014 has been a remarkable year for ISA Group, punctuated by the opening of Australia’s only state of the art indoor skydive facility, iFLY Downunder.
Read the 2014 Annual report here
Veritas Securities Ltd – May Equity Research

Veritas Securities report includes the completion and commissioning of the Penrith facility, the appointment of David Murray to the board and the announcement of the Gold Coast site.
Read the new report here.