MP2 Technologies: MP2 Technologies' Subsidiary, Weatherly Aircraft, Receives Strong Response for Parts Orders

Published in Stocks and Investing on Thursday, May 14th 2009 at 8:18 GMT, Last Modified on 2009-11-02 12:03:37 by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

IRVING, TX--(Marketwire - May 14, 2009) - MP2 Technologies (MP2) (PINKSHEETS: [ MPTO ]) announced today that its wholly owned subsidiary, Weatherly Aircraft Nevada, Inc. (Weatherly), which initiated its parts and services business at the beginning of May 2009, has had a stronger than expected response from the existing customer base of Weatherly aircraft owners. Weatherly stated that their newly established customer service group has generated a parts order backlog of over $100,000 in just two weeks. The program is designed to establish relationships with existing Weatherly aircraft owners and build a communications channel to service their current needs as well as receive feedback about future requirements. Weatherly further stated that this campaign has also produced several inquires for new aircraft that it believes will turn into firm orders in the near future and that the program is confirming its previous projections related to pricing and pent up demand for new aircraft.

Richard Corline, CEO of Weatherly, stated, "We are pleased that our business planning assumptions are being proved out and in several cases exceeded. We have just begun to scratch the surface of the existing market for our parts and planes and feel that as we continue this campaign, we will have a solid production backlog for the years ahead."

In an unrelated announcement regarding funding for the company, Weatherly stated that several new investments had been made in the Company in the last week through its current Offering and that prospects were very good for additional debt and equity funding over the next quarter.

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 opened its new US customer support center in March, 2009 and began supplying spare parts and technical support to existing customers at the beginning of May. 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.

Publication Contributing Sources