SEATTLE, June 26, 2007 (PRIME NEWSWIRE) -- Exosphere Aircraft Company, Inc. (Pink Sheets:EXSA) and ReelTime Rentals, Inc. (Pink Sheets:RLTR) announces their co-promotion at the 39th Annual Arlington Northwest EAA Fly-In. ReelTime.com and Exosphere's marketing efforts at the air show will be hosted by ReelTime.com's stunning spokeswoman Jenn Hawkins. Ms. Hawkins will be filmed during her personal appearance in a segment featuring light-sport aircraft, specifically Exosphere's new BD-22 and BD-22S, designed by aviation legend Jim Bede. The segment will air internationally on ReelTime.com following the event.
The Arlington Fly-In, with thousands of attendees annually, provides an exceptional opportunity for both companies to drive the enthusiasm of the aviation industry. This promotion will spark excitement around aviation culture by providing information on light-sport aircraft while giving away free access to a selection of aviation-oriented media titles at www.reeltime.com.
About ReelTime.com
ReelTime.com's mission is to deliver diverse programming, for rental or by subscription, over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the first DVD quality "Point, Click, and Watch" user experience available on the World Wide Web. ReelTime is providing the public the next generation of online viewing technology, designed with the built in capacity for unlimited growth. For more information, go to ReelTime.com.
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. 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, www.flyexosphere.com.
Safe harbor statement under the private Securities Litigation reform Act of 1995
This release contains forward-looking statements regarding Exosphere's expectations about successfully designing and manufacturing aircraft, expanding its business and securing customers for products. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from future results expressed or implied. These risks include the inability to manage growth, the failure to meet scheduled manufacturing deadlines, the failure to realize increased revenues and improved operating margins the Company has associated with the sales of aircraft and airplane parts, the loss of key personnel, tightening aircraft regulations by the FAA, loss or non-performance of our sales representatives, unfavorable results of existing and potential litigation, and the possibility that competitors could develop aircraft designs that erode Exosphere's favorability in the marketplace. The Company disclaims any obligation to update any such factors that result of any revisions to any forward-looking statements contained in this news release.
Innovative Communications Technologies, Inc. (Pink Sheets:ICTN) owns approximately 21% of ReelTime Rentals, Inc. (Pink Sheets:RLTR) www.reeltime.com, 70 million shares, or approximately 30% of Exosphere Aircraft Company, Inc. (Pink Sheets:EXSA) and 100% of privately held ICT Private Networks.