SEATTLE, April 24, 2007 (PRIME NEWSWIRE) -- Exosphere Aircraft Company, Inc. (Pink Sheets:EXSA) announced today their entry into Light Sport Aircraft manufacturing and sales. Their initial offering will be the BD-22 signature edition, specially designed by Jim Bede, the recently named Director of Aeronautical Design.
This limited edition LSA will come completely built and is designed to be the ultimate light sport aircraft. Only twenty-two aircraft will ever be produced, each serialized with a special numbered placard, signed by Mr. Bede, and sold with a suite of limited edition accessories. The signature edition BD-22's will incorporate state of the art equipment and are intended to redefine the top end of light sport aircraft.
The BD-22 is an all metal low wing aircraft with an exceptionally wide cabin and a roomy baggage compartment. "All my knowledge from years of aircraft design cumulates in this aircraft. I'm very proud to be a part of Exosphere, a company whose fresh approach to aviation is a perfect fit for this top end, revolutionary LSA," says Jim Bede, Director of Aeronautical Design.
The BD-22 will raise the industry standard to a new level. Exosphere plans to market the BD-22 signature edition to airplane purchasers genuinely interested in a top of the line aircraft. This new aircraft comes at a time when light sport aircraft sales are expected to exceed all other airplane sales, spurred on by new FAA regulations for Light Sport Aircraft.
About Exosphere Aircraft Company
Exosphere Aircraft Company is an experimental aircraft design and manufacturing company, pioneering new and innovative airplanes for the private builder. Exosphere aims to provide the marketplace with planes that meet the majority of consumer needs, finding ways to incorporate fuel efficiency, weight limitations, plane performance and current design trends into new planes.
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 its business and securing significant additional customers for its products. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the failure to meet scheduled manufacturing deadlines, the failure to realize the increased revenues and improved operating margins that the Company has associated with the sales of aircraft and airplane parts, the loss of any key personnel, tightening aircraft regulations by the FAA, the loss or non-performance of our 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 that results of any revisions to any of the forward-looking statements contained in this news release.