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Express-Aircraft purchased, finally

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Midniteoyl

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**News** Express-Aircraft purchased, finally

FOR IMMEDIATE RELEASE


Express-Aircraft Purchased by Exosphere Aircraft Company

SEATTLE, WASHINGTON July 5, 2005 Express Aircraft Company, LLC, a Washington Limited Liability Company signed and closed an Assignment of Membership Interest Agreement with Exosphere Aircraft, Company Inc., a Washington corporation. The purchase will allow the company to re-establish marketing and sales of the aircraft kits and fulfill backorders.
The Express fast-build kits combined with the Builder Assist Program located at the factory and factory finishing services can get a customer flying in 400 hours of customer build time. Other comparisons show that the Express 2000FT is the right answer for real-world use. The low stall speed (dirty) of 53 knots and demonstrated cross wind component of 29 knots means you have more margin of safety for low speed maneuvering and landing.
About Express Air
Express Aircraft manufactures kits for the 2000FT model a high-performance, composite-construction aircraft that is fast, yet maintains a low-landing speed while carrying a 1,000 pound payload AND 140 gallons of fuel. It is a long-distance cruising airplane that can carry a family of four in comfort and accommodate their luggage in a spacious cabin.

The Express Series 2000FT features a cabin class useful load of 1875 pounds, 375 pounds more than available in other kits and even ahead of certified aircraft in the top end of the light aircraft price range. Fuel capacity is 140 gallons verses 90 and the 2000FT can carry that extra 50 gallons of fuel and still fill all four seats plus luggage. The large rear seating and luggage areas make your passengers feel like they are in a cabin class aircraft.

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Safe harbor statement under the private Securities Litigation reform Act of 1995
This news release contains forward-looking statements, including statements regarding the Company¡¦s expectations about successfully selling its products and about the positive effects of the acquisition described herein. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of our products, the loss of any key personnel, our inability to introduce new products that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of potential litigation, and the possibility that competitors could develop or acquire technology that could erode the Company¡¦s technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.
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