Based in the end of Naama Bay by the main car park is a Reverse Bungee Jump. Reverse in that they launch you in a steel cage from two bungee cords into the air and you bounce from those. Looks like an adrenaline rush. It looks like a huge catapult as the two steel towers are about 40m high.

I don't have any more details at present. I will look into it, though not to closely as it looks like a full change of underwear to me :-)

If you have any pictures or information on costs etc.. please let me know

At present they have removed it from the car park, so it is not available at the moment.

I notice they this operation is now rebuilt North of Naama Bay, just past the Go-Kart track by the Hyatt.