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MP2 Technologies: MP2 Technologies' Subsidiary, Weatherly Aircraft, Begins Preparation for International Division

^{Published on 2009-06-02 06:41:39, Last Modified on 2009-06-02 06:42:31 - Market Wire}
 

IRVING, TX--(Marketwire - June 2, 2009) - MP2 Technologies (MP2) (PINKSHEETS: [ MPTO ]) announced today that its wholly owned subsidiary, Weatherly Aircraft Nevada, Inc. (Weatherly), began preparations for the development of its international sales division. The Company stated verbal orders have been received from four countries representing distinct areas of the world where Weatherly believes there is enough potential for its product to warrant engaging the services of a local sales and services agent to support the aircraft. These verbal orders have originated from Central America, South America, the Middle East, and Asia. An agreement with the first agent to be signed is currently in progress and will be announced within the next few weeks.

Richard Corline, CEO of Weatherly, stated, "We have had a very strong reception from the international market regarding the restart of the production of the Weatherly aircraft. More than 40% of the current fleet of Weatherlys is outside the United States. From what we have received in purchase inquiries, we believe the international market has the potential to be several times that of the United States. At this point, we have as much interest from the international market for the aircraft as we do in the U.S., and we are going to pursue that opportunity aggressively."

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 worldwide basis is in excess of 200 units. The Company intends to open its new U.S. 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.