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

To: The Prophet who wrote (38)	6/30/1999 9:17:00 AM
From: Seer	Read Replies (1) \| Respond to of 83

Only the beginning! biz.yahoo.com Wednesday June 30, 8:59 am Eastern Time Company Press Release Groen Brothers Aviation Accepts First U.S. Gyroplane Order SALT LAKE CITY--(BUSINESS WIRE)--June 30, 1999--Groen Brothers Aviation Inc., (GBA) (OTC BB:GNBA - news) Wednesday announced that it has accepted its first U.S. order for delivery of an FAA Type Certified Hawk 4 Gyroplane. The order includes a 10% cash deposit on the base purchase price of $295,000. The order came from a businessman based in San Diego, California. GBA expects FAA Type Certification of the Hawk 4 to be completed in the spring of 2001, with deliveries to follow soon thereafter. GBA will introduce its four place, 350 hp Gyro at AirVenture '99 in Oshkosh, Wisconsin, next month, where they will have two production Hawk 4 Gyros on display. Groen Brothers Aviation is a fully reporting publicly traded corporation, trading over the counter on the OTC Bulletin Board, stock symbol, ''GNBA.'' For further information you can contact GBA through its web page at, ''www.groenbros.com'' or by e-mail at ''mktg@groenbros.com'' or at its corporate headquarters: Groen Brothers Aviation Inc., 2640 West California Ave., Suite A, Salt Lake City, Utah 84104-4593. 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, research and development expense, 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 the 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. Contact: Groen Brothers Aviation Inc., Salt Lake City GBA Marketing, 801/973-0177 www.groenbros.com More Quotes and News: Groen Brothers Aviation Inc (OTC BB:GNBA - news) Related News Categories: aerospace/defense, leisure/travel 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?