SOURCE: MP2 Technologies
MP2 Technologies' Subsidiary, Weatherly Aircraft, Begins First Revenue Generating Parts Order Shipments
IRVING, TX--(Marketwire - May 7, 2009) - MP2 Technologies (MP2) (
Richard Corline, CEO of Weatherly, stated, "We have just begun to address the incredible demand for Weatherly aircraft parts for the planes currently in operation. We expect that as the industry begins to realize that we are ready to ship parts and build the Weatherly aircraft, we will create significant demand that will accelerate our growth. Weatherly recently announced the opening of its 50,000 sq. ft. facility in Bogalusa, LA and previously stated that it would focus initially on parts and services sales while it completes assembly of its first aircraft."
Patrick Thomas, President of MP2, said, "This is an exciting week for Weatherly. Moving from a development stage company to one that is producing revenue in such a short time puts us in position to meet our revenue projections for this year. Our challenge now is to grow the Company efficiently and cost effectively as we rebuild the Weatherly brand. There are a lot of happy Weatherly aircraft owners out there today that will breathe a sigh of relief to know that the most cost effective aircraft in its class is once again being supported and built."
In a related announcement, Weatherly further stated that its first aircraft is approximately 30% complete and is expected to be delivered in the 4th quarter of this year. The Company stated that its backlog of orders for new planes will keep it at full capacity for at least the next 18 months.
Weatherly Aircraft Nevada, Inc. designs, manufactures and sells cost efficient, safe and reliable aerial application aircraft for agricultural, chemical and fire fighting applications. The Weatherly aircraft are based on an FAA issued "Type Certificate" for which the Company has the licensing rights. The current fleet size of Weatherly aircraft in service on a world wide basis is in excess of 200 units. The Company intends to open its new US customer support center by March 2009 and supply spare parts and technical support to existing customers. It is anticipated that newly built aircraft will be ready for delivery to customers in December of 2009. For more information about Weatherly Aircraft Nevada, Inc., go to www.weatherlyair.com.
MP2 Technologies, Inc. serves as a holding company for technology and service related businesses that can share common management resources and access to marketing channels. New acquisitions will be announced over time as opportunities that fit the company's acquisition profile become available. Acquired companies will benefit from MP2's public company expertise, executive management, and sales and marketing contacts throughout the world. More information on the company can be found at their website at www.mp2technologies.com.
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.
Richard Corline
985-735-9339
Email: Email Contact
Investor Relations Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
Email Contact

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