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Wednesday July 14, 9:11 am Eastern Time
Company Press Release
Groen Brothers Aviation Expands USA Dealership
Program
SALT LAKE CITY--(BUSINESS WIRE)--July 14, 1999--Groen Brothers Aviation, Inc., (GBA) announced today that it has sold three
additional Gyroplane Dealerships, which includes deposits on 56 Hawk 4 Gyroplanes.
GBA now has deposits on 86 aircraft (including Dealer and Company sales) with a combined retail value of more than $26 million. The
new GBA Authorized Dealers are: GBA Gyroplanes of Salt Lake City (Utah); GBA Gyroplanes of Anchorage (Alaska); and GBA
Gyroplanes of Cincinnati (Ohio).
The addition of these dealerships gives momentum to GBA's nationwide Authorized Dealer program. Dealers will offer the $295,000
vertical take-off and landing gyroplane at GBA Flight Centers throughout the country. The main advantage of a gyroplane is that it is
simple, safe and inexpensive to operate.
''Our corporate motto is,'' said Jay Groen, Chairman of the Board, ''for the 21st Century, build the DC-3 of Gyroplanes, and sell as
many. These new dealerships serve to advance this worthwhile goal.''
Two production aircraft will be in the GBA booth at the AirVenture '99 air show in Oshkosh, Wis., later this month.
GBA is fully reporting and publicly traded on the OTC Bulletin Board, symbol (GNBA). Access GBA's web page at www.groenbros.com
or e-mail at mktg@groenbros.com or at Groen Brothers Aviation, Inc., 2640 West California Ave., Suite A, Salt Lake City, Utah
84104-4593. Phone 801/973-0177
Forward-looking Information Disclaimer
Forward-looking information is subject to risk and uncertainty. Certain statements in this Press Release may contain ''forward-looking''
information that involves risk and uncertainty, including projections for deliveries, sales, and other trend projections. Actual future results
and trends may differ materially depending on a variety of factors, including the Company's successful execution of internal performance
plans; product performance; risks associated with regulatory certifications of the Company's commercial aircraft by U.S. and foreign
governments; other regulatory uncertainties; collective bargaining labor disputes; performance issues with key suppliers and subcontractors;
governmental export and import policies; and the ability to adequately finance operations to the date of FAA certification and manufacturing.
Contact:
Groen Brothers Aviation, Inc.
GBA Marketing, 801/973-0177
www.groenbros.com
More Quotes and News:
Groen Brothers Aviation Inc (OTC BB:GNBA - news)
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