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Technology Stocks : MNYG - Mooney Aerospace Group, Ltd.

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To: jmhollen who started this subject8/18/2003 12:46:17 PM
From: jmhollen   of 94
 
Mooney Aerospace Group Ltd.'s President, J. Nelson Happy, Elected to General Aviation Manufacturer's Association Board of Directors

KERRVILLE, Texas--(BUSINESS WIRE)--Aug. 18, 2003--J. Nelson Happy, President of Mooney Aerospace Group Ltd. (OTCBB:MASG), was recently appointed to the GAMA (General Aviation Manufacturers Association) Board of Directors. GAMA is a national trade association that represents more than 50 American manufacturers of fixed-wing general aviation aircraft, engines, avionics, components and parts.


According to Sam Rothman, Mooney's Chairman of the Board: "Being appointed to GAMA's Board of Directors is truly an honor, and knowing Nelson as we do, we are sure that he will make positive contributions to the goals of the Association." Rothman added: "Nelson is logical, a good decision maker and has a great way with people. These qualities are the hallmarks of an effective Board member. We sincerely congratulate him on his appointment."

Mr. Happy stated: "I appreciate the opportunity to join the GAMA board and thereby have an opportunity to lend support to the whole general aviation industry. Mooney has been active in GAMA for a long time, and many of our employees are in various key Association committees. This helps us keep up with the fast-moving world of general aviation, and also allows Mooney to continue in our role as an industry leader and innovator."

About Mooney Aerospace Group Ltd.:

Mooney Aerospace Group Ltd. is a general aviation holding company that owns Mooney Airplane Co., located in Kerrville, Texas. Mooney currently sells three models: the highest-performing, four-place, single-engine, piston-powered aircraft, the Bravo DX, and its companions, the highly rated Ovation2 DX, and the economical Ovation. Mooney is celebrating its 50th Anniversary in Kerrville, Texas, this year, where it has manufactured more than 10,000 aircraft that have been delivered worldwide. Complete information about Mooney aircraft is available at www.Mooney.com. (http://www.Mooney.com).

CONTACT:
Mooney Aerospace Group Ltd., Kerrville
Terry Freeman, 830-792-2935
or
PMR and Associates, San Diego
Investor Relations:
Patrick Rost, 858-350-0409
Email: pmrandco@aol.com
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