SOURCE: Exosphere Aircraft Company

December 17, 2010 10:30 ET

Exosphere Aircraft Co., Inc. Signs Letter of Intent to Acquire BCS, LLC

WESTON, FL--(Marketwire - December 17, 2010) -  Exosphere Aircraft Co., Inc. (PINKSHEETS: EXSA) is pleased to announce that the Company has signed a Letter of Intent to acquire BCS, LLC, a privately held company based in Granite Falls, North Carolina. Exosphere Aircraft Co. anticipates changing its name in the future to better reflect its new business model with the strategic intent of owning and developing several technology service companies. In addition, the Company anticipates announcing a new Executive Management team in the near future.

BCS, LLC, founded in 2006, is a technology company that provides fast and easy back up and disaster recovery software for Windows application servers. They offer a complete "all-in-one" back-up and recovery software solution. For the past two years, BCS has earned revenues of approximately 1.0 million dollars and has earned an average net income of 11%. The Company's current market segment is focused on the Health Care and Legal Industries throughout the United States.

"The acquisition of BCS by Exosphere Aircraft Co. will provide us access to potential acquisitions and capital in order for us to fulfill our business plan," stated Ramsey Dellinger, President of BCS, LLC.

BCS' technological developments provide a blueprint for how businesses plan to survive everything from local equipment failure to global disaster. Data-oriented BCS is an indispensable component of business planning regardless of organization size. Smaller businesses generally lack the in-house IT resources to achieve these demanding planning, technical and process requirements. Therefore, many SMBs either neglect to implement any data-oriented business continuity plan or else approach data backup and recovery in a sporadic, rudimentary fashion that fails to conform to the best practices of BCS.

FORWARD-LOOKING STATEMENT: This communication contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Joseph Delaura
    JCD Capital