CC MEMO -- "Team C7 Malaysia" Bows Out

CEO Kristine Condell kindly sent her regards and appreciation to the Challenger Commission along with the press release, excerpted below, which is available in full here.


Team C7 Malaysia Withdraws Plans
To Challenge for 32nd America’s Cup 2007

Kuala Lumpur, MALAYSIA – April 13, 2005 – Team C7 Malaysia, a prospective challenger for the 32nd America’s Cup 2007, announced today that it will not challenge for the Cup. Kristine Condell, Chief Executive Officer of the team, said this decision was made with regret but the Team would continue with the scheduled activities which include competing in Europe this summer.

“This has been a remarkable journey for a small group of great people. For a new team, it is like any new business except that everything is highly condensed and issues are magnified to an intensity unimaginable.”