Dr. Chen, AASI Chairman, to Speak at the '21st Century China General Aviation Conference' in Beijing China, November 23 and 24
LONG BEACH, Calif., Nov. 21 /PRNewswire/ -- Advanced Aerodynamics & Structures, Inc. (OTC Bulletin Board: AASI) announced today that its Chairman and Chief Executive Officer, Dr. Carl L. Chen, will address the 21st Century
China General Aviation Industry Conference, to be held in Beijing, China on November 23 and 24, 2001. In his speech, "The Hope and Strategy of China General Aviation Industry Development," Dr. Chen expects to address escalating interest in general aviation in China.
In his invitational letter, Tang Ban-Gia, executive member of the Organization Committee, said to Dr. Chen, "We are very pleased to invite you to give a key-note speech. On behalf of the organization committee, I sincerely invite you and welcome you to attend the Conference."
Dr. Chen said, "China's admittance to the World Trade Organization (WTO) in early November has triggered an urgent interest in the development of China's general aviation and shown a growing opportunity for the aviation
industry. The aviation market potential in China should be substantial over the next decade."
Dr. Chen, AASI Aircraft's founder, has served as President of California Aerospace Technology, Inc., a consulting company, and was a Satellite System Engineering Manager at Hughes Space and Communications, Inc. for 15 years. He
has a Ph.D. in Engineering from the California Institute of Technology and master's degrees in Control Engineering and Aerospace Engineering from UCLA and West Virginia University. He is a graduate of the Owner / President Management program at the Harvard University Graduate School of Business Administration.
The China State Development and Planning Commission sponsors this conference in conjunction with China Aviation Association. Participants include public figures from major government institutions in China such as The Aviation Administration of China, China Air Control Authority, China Aviation Industry Group as well as executives from the major general aviation industries, important potential aviation customers and leading aviation scholars.
AASI Aircraft is a developmental stage company organized to design, develop, manufacture and market propjet and jet aircraft. The Company's JETCRUZER 500 is a high-speed (345 mph) single-engine propjet aircraft, designed for customers in world markets who desire high-performance and jet-like transportation at the lowest price ($1.495 million). It is capable of flying non-stop under IFR requirements for almost 1,500 statute miles and allows first class passenger seating and comfort for six (including the pilot). The JETCRUZER 500 is powered by the exceptionally reliable PT6A-66A Pratt & Whitney propjet engine with 1,572 ESHP output, offering one the highest performances in its class.
Certain statements contained in this news release, regarding matters that are not historical facts, are forward looking statements; actual results may differ materially from those set forth in the forward looking statements, which statements involve risks and uncertainties, including without limitation, regulatory approval of the JETCRUZER 500, the competitive market
for sales of small business aircraft, and those risks and uncertainties set
forth in the Company's most recent Form 10-KSB and Form 10-QSB on file with
the SEC.
For further information, please contact Advanced Aerodynamics & Structures
Inc., Long Beach, Susanne Heimbuch, Investor Relations Manager, 562/938-8618,
IR@aasiaircraft.com. For product or corporate information: Gene Comfort,
Executive Vice President, 562/938-8618, gcomfort@aasiaircraft.com. Additional
information is available at the Company's website: www.aasiaircraft.com .
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SOURCE Advanced Aerodynamics & Structures, Inc.
-0- 11/21/2001
/CONTACT: Susanne Heimbuch, Investor Relations Manager, +1-562-938-8618,
IR@aasiaircraft.com, or Gene Comfort, Executive Vice President,
+1-562-938-8618, gcomfort@aasiaircraft.com, both of Advanced Aerodynamics &
Structures, Inc./
/Web site: aasiaircraft.com /
(AASI)
CO: Advanced Aerodynamics & Structures, Inc.; China State Development and
Planning Commission; China Aviation Association |
