Item 8.01. Other Events.

On January 18, 2005 Voyager issued a press release announcing the signing of an agreement with Allied Investment House, Inc. to build a 600ft Observation Wheel in the GCC. Allied Investment House, Inc. will provide 100% of the financing of an Observation Wheel in the GCC up to $150 million.

The goal of Voyager and Allied is to initiate and finalize appropriate due diligence towards a potential joint venture of a new entity ("Newco") to be jointly owned by AIH (or its partners/affiliates) and VEII (or its assigns). Upon successful negotiations, Newco will be formed to accomplish the following:
AIH (or its partners/affiliates) will provide sufficient funding for the acquisition of the land and for the mutually agreed construction budget (currently estimated at $150M) and provide the local expertise and relationships for the development of a Voyager Orbitor Wheel (the "Wheel") as well as any associated restaurants and/or hotels (collectively the "Project"). AIH (or its partners/affiliates) will own a percentage of Newco. It is understood that AIH will take Newco public as a publicly formed Company and will be listed on a regional or international exchange VEII (or its assigns) will provide the intellectual property, technology, know how and relationships for the Project. VEII (or its assigns) will own a percentage of Newco and will receive an amount of gross revenues from the project to be negotiated. VEII (or its assigns) will also be paid a negotiated premium above and beyond the agreed upon construction costs for the Project for designing the Wheel and building of the Project. VEII (or its assigns) will be the manager of the Project for Newco and will be authorized to contract with a third-party management company approved by Allied. VEII (or its assigns) will own a percentage of the new publicly formed U.A.E. Company.

A copy of the agreement between Allied and Voyager dated January 10, 2005 is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. A copy of Voyager's press release dated January 18, 2005 is filed as exhibit 99.2 and is incorporated herein by reference.

Item 9.01.        Financial Statements and Exhibits
       (c)        Exhibit Number        Description
                  99.1                  Signed agreement between Voayger and
                                        Allied Investment House
                  99.2                  Press release of Voyager Entertainment
                                        international, Inc.
                                        Dated January 18, 2005.