SEATTLE, Sept. 12, 2007 (PRIME NEWSWIRE) -- Exosphere Aircraft Company, Inc. (Pink Sheets:EXSA) announces today the launch of its national dealer network. Exosphere Aircraft Company manufactures the BD-22 and BD-22S, two fresh designs by legendary aircraft designer Jim Bede. The dealer network will be comprised of a combination of current light-sport aircraft distributors, several existing dealers not presently offering light-sport aircraft, and service centers. The company is also in discussions with established dealer networks currently offering complimentary but non-aviation specific products to consumers. The criteria for potential dealers are currently and will be based on experience in the aviation industry, strategic geographic location, and innovative marketing that successfully reaches potential LSA pilots. Dealers interested in determining their eligibility for this network can contact Ron Henthorn at (206) 219-6854.
A broad and diverse dealer network is particularly important in the new LSA industry. Light-sport aircraft sales are expected to exceed all other airplane sales, spurred on by new FAA regulations for LSA's which make aviation accessible to a broad new market of potential pilots. Pilots can now legally obtain their sport pilot licenses with only 20 hours of instruction and are subject to less rigorous medical exams. Exosphere Aircraft Company is targeting the two most dynamic sectors of the LSA market: the entry level market with the standard edition BD-22 and the high end with the Limited Edition BD-22S design.
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. (Pink Sheets:ICTN) owns 70 million shares, or approximately 30% of Exosphere Aircraft Company, Inc. (Pink Sheets:EXSA).