Mooney Aerospace Group, Ltd. Announces Initiative to Increase Exposure and Communications Within the Investment Community
KERRVILLE, Texas--(BUSINESS WIRE)--July 17, 2003--Mooney Aerospace Group, Ltd (OTCBB:MASG), a leading manufacturer of high performance single engine piston aircraft, today announced that it is commencing an initiative to increase exposure and communications with existing and potential shareholders. To support this initiative, the company has retained the investor relations firm of PMR and Associates, LLC of San Diego, California.
As one of the first of a series of steps designed to increase the flow of information to current and potential investors, Mooney has redesigned its Web site specifically for the investment community to learn more about Mooney. The site features Information about our products, management, and background of the Company. The site also includes all of Mooney's news releases and SEC filings.
To further enhance communications, Mooney, along with PMR and Associates, intends to begin distributing regular corporate updates. J. Nelson Happy, President of Mooney Aerospace Group, Ltd: commented, "Our goal is to ensure that current and future investors have a clear channel of communication. We appreciate our investors' loyalty and support and want to give them a consistent update. Mooney is entering a very exciting phase in its development and we feel it's critical to make it easy for our investors to remain informed. Mooney encourages any interested parties to visit the newly launched site."
Patrick Rost, President of PMR, commented, "I am extremely excited about working with the management of Mooney Aerospace Group to assist them with enhancing shareholder value. The Mooney plane has an incredible history of producing over 10,000 planes in its fifty years. With the recently announced infusion of capital and financial restructuring Mooney is poised to accelerate its growth in 2003."
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).
PMR and Associates, LLC provides consulting services to private and public companies in areas ranging from corporate finance, acquisitions, business development and investor relations, and helps publicly traded companies increase investor awareness and achieve better shareholder relations. Under the leadership of Patrick M. Rost, PMR and Associates has developed a strong track record in creating shareholder value for numerous NASDAQ and OTC clients by integrating a broad range of services into the corporate strategy of its clients.
Rost is a graduate of the Catholic University of America, Columbus School of Law in Washington, D.C., and the Notre Dame London Law Centre, Concannon School of International Law and Finance. He has previously served on the board of directors of several organizations, including the American Liver Foundation (San Diego Chapter) and the Scripps Memorial Hospital Steven's Cancer Center Annual Fund Raising Event. After working with one of the top law firms in the country, Rost joined a holding company as the Director of Legal Affairs and Business Development. He played a major role in several acquisitions and initiated business development resulting in revenue growth from $15 million to $75 million before he began his own firm.
CONTACT:
Mooney Aerospace Group Ltd., Kerrville
Terry Freeman, 830-792-2935
or
PMR and Associates, San Diego
Investor Relations: Patrick Rost, 858-350-0409
pmrandco@aol.com |
