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Technology Stocks : Groen Brothers Aviation (GNBA) -- Ignore unavailable to you. Want to Upgrade?

To: The Prophet who wrote (29)	6/11/1999 11:13:00 AM
From: Seer	Read Replies (2) \| Respond to of 83

biz.yahoo.com Home - Yahoo! - Help Click Here! [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire \| CCN ] Friday June 11, 10:14 am Eastern Time Company Press Release Corporate Profile for Groen Brothers Aviation Inc., dated June 11, 1999 (BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. Published Date: June 11, 1999 Company Name: Groen Brothers Aviation Inc. Address: 2640 W California Ave, Ste A Salt Lake City, UT 84104 Main Telephone Number: 801/973-0177 Internet Home Page Address (URL) www.groenbros.com Chief Executive Officer: David Groen Chief Financial Officer: Jim Lindsay Investor Relations Contact: Al Waddill Business number: 801/973-0177 e-mail address: sales@groenbros.com Public Relations Contact: Marketing Department Business number: 801/973-0177 e-mail address: mktg@groenbros.com Trading Symbol/ Exchange: OTC BB:GNBA Industry: Aerospace/Aircraft Manufacturing Market Makers: See web site: www.groenbros.com/invest/gbastock.htm Company description: Groen Brothers Aviation, Inc. (GBA) of Salt Lake City, Utah, has developed and is certifying with the FAA the Hawk 4 (four place) Gyroplane. Based on the lessons learned during successful flight testing of three prototypes over 10 years, The Hawk 4 provides VTOL capabilities with its patented variable pitch rotor head and offers a safe, economic alternative for the rotor craft and fixed wing market. In March of 1986, David and Jay Groen joined forces to form a company that would bring the gyroplane into its rightful place in modern aviation. They worked together as the sole employees of Groen Brothers Aviation, inventing the technology upon which our patents are based. We have now grown to a full time staff of sixty. A Flight Operations Facility was opened in Buckeye, Arizona in March 1999, and will be used for flight testing, training, sales and service. Our growth is expected to continue throughout 1999. The Hawk 4 Gyroplane will be the first in a series of VTOL capable aircraft. Development & certification of the Hawk 6 (six place) and Hawk 8 (eight place) will follow the Hawk 4 and preliminary designs of larger aircraft have been completed. We began the FAA type certification process of the Hawk 4 in March 1998. Assembly of the first Hawk 4 began in September 1998. Flight testing of the first of four Hawk 4s being built will begin soon. Although we have a three-year period in which to finish the certification process, on our current schedule we expect completion in late 2000. We have an order for 200 Hawk Gyroplanes from the Shanghai Energy and Chemical Corporation (SECC) of China. SECC has also asked for and received an option to purchase 300 additional Gyroplanes. GBA, a fully-reporting public corporation, is traded over-the-counter on the OTC Bulletin Board under the stock symbol ''GNBA''. Please visit our home page at www.groenbros.com for more information. Contact: Groen Brothers Aviation Inc. More Quotes and News: Groen Brothers Aviation Inc (OTC BB:GNBA - news) Related News Categories: aerospace/defense Help Copyright © 1999 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?