SEATTLE, Sept. 5, 2007 (PRIME NEWSWIRE) -- Exosphere Aircraft Company, Inc. (Pink Sheets:EXSA) announced today they have begun accepting orders for the BD-22 and BD-22S light-sport aircraft specially designed by Director of Aeronautical Design Jim Bede. So far, Exosphere has two firm commitments for the BD-22 and the first reservation for the BD-22S. These initial orders total approximately $350,000.00 of expected revenue for the company.
Exosphere recently promoted their new aircraft at the NWEAA Fly-In in July. "The Arlington Fly-In was instrumental in bringing in these initial orders and we look forward to securing additional requests as we move forward with production," commented Jim Bede.
The limited edition LSA comes 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 BD-22S will incorporate state-of-the-art equipment and is 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 that will raise the industry standard to a new level. These new planes come 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 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. (OTCPK: ICTN) owns approximately 21% of ReelTime Rentals, Inc. (OTCPK: RLTR) www.reeltime.com, and 70 million shares, or approximately 30% of Exosphere Aircraft Company, Inc. (OTCPK: EXSA).