SEATTLE, Sept. 14, 2007 (PRIME NEWSWIRE) -- Exosphere Aircraft Company, Inc., (Other OTC:EXSA.PK - News) announced today that they have received four additional orders for their new light-sport aircraft designed by legendary airplane designer and Director of Aeronautical Design Jim Bede. Exosphere has accepted three more orders for the standard edition BD-22, as well as one new order for the limited edition BD-22S. With these new reservations, Exosphere has now secured $795,000.00 of expected revenue since opening for reservations on September 4th, 2007. The currently contemplated manufacturing run is limited to 222 aircraft. If Exosphere maintains current sales levels and sells all two hundred BD-22's and the twenty-two BD-22S's as expected in the production run within 24 months of first delivery, then revenues will exceed $20,000,000.00.
The BD-22 standard edition is an all metal low wing aircraft with an exceptionally wide cabin and a roomy baggage compartment that will raise the industry standard to a new level. The limited edition LSA is designed to be the ultimate light-sport aircraft, each serialized with a special numbered placard, signed by Mr. Bede, and sold with a suite of limited edition accessories. The BD-22S will incorporate state-of-the-art equipment and is intended to redefine the top end of light-sport aircraft.
About Exosphere Aircraft Company
Exosphere Aircraft Company is a light-sport aircraft design and manufacturing company, pioneering new and innovative airplanes for the private builder, bringing the best and most affordable light-sport planes to market. Exosphere offers the marketplace planes that meet the majority of consumer needs, finding ways to incorporate fuel efficiency, weight limitations, plane performance and current design trends.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements, including statements regarding Exosphere's expectations about successfully designing and manufacturing aircraft, expanding business and securing additional customers for its products. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ from future results expressed or implied. These risks and uncertainties include the inability to manage expected growth, the failure to meet scheduled manufacturing deadlines, the failure to realize increased revenues and improved operating margins that the Company has associated with the sales of aircraft and airplane parts, the loss of key personnel, tightening aircraft regulations by the FAA, the loss or non-performance of sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop aircraft designs or manufacturing practices that erode Exosphere's favorability in the marketplace. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements. Innovative Communications Technologies, Inc. (Other OTC:ICTN.PK - News) owns approximately 21% of ReelTime Rentals, Inc. (Other OTC:RLTR.PK - News) http://www.reeltime.com, and 70 million shares, or approximately 30% of Exosphere Aircraft Company, Inc. (Other OTC:EXSA.PK - News).
No comments:
Post a Comment