SEATTLE, Sept. 19, 2007 (PRIME NEWSWIRE) -- Exosphere Aircraft Company, Inc., (Other OTC:EXSA.PK - News) and legendary airplane designer Jim Bede have agreed to have the BD-22 and BD-22S featured as the premier aircraft in a documentary profiling the sudden increase in airplane sales spawned by the FAA's new category of light-sport aircraft. The documentary will follow step by step the process of design, construction, and certification under the new LSA, S-LSA, and ELSA regulations. In addition, the documentary will touch on Jim Bede's career, record breaking and industry changing previous designs that have lead up to this most recent design and lifetime achievement.
The documentary will be distributed world wide and will be available at no charge to prospective purchasers of the BD-22 and BD-22S aircraft, giving rare insight into the process from inception through full production. Exosphere Aircraft Company and Jim Bede were chosen as the premier for this documentary due to the unparalleled reputation of previous designs and the expected impact these new aircraft will have on bringing affordable personal air travel to the general consumer.
Increased public interest in aviation, resulting from the newly simplified and inexpensive availability of LSA's, establishes light-sport aircraft as the fastest growing segment in aviation. Based on historic figures and reputation, it's expected that the BD-22 will be a top-seller and should be able to monetize a substantial portion of the LSA market.
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 70 million shares, or approximately 30% of Exosphere Aircraft Company, Inc. (Other OTC:EXSA.PK - News).
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