SOURCE: Exosphere Aircraft Company

January 10, 2011 08:00 ET

Exosphere Aircraft Company Completes Acquisition and Appoints a New CEO/Chairman

POWAY, CA--(Marketwire - January 10, 2011) - Exosphere Aircraft Company (PINKSHEETS: EXSA) is pleased to announce that the Company has closed the definitive purchase agreement of BCS, LLC., a privately held company based in Granite Falls, North Carolina. As part of the agreement we are pleased to announce that Ramsey Dellinger will become the new CEO and Chairman of the Board.

Mr. Dellinger has extensive experience in start-ups, running technology and financial companies. He founded BCS in 2006 and has over 20 years' experience in the technology industry. Prior to BCS, Mr. Dellinger launched a technology company and in the first year he generated $5.0m in revenues and during the next 4 years he acquired several technology companies. Also, Mr. Dellinger has been a motivational speaker at over 50 national conferences as keynote, workshop and business coaching speaker. He received his AA degree in business and music at Lenoir Rhyne College in 1992. His interests include investing in businesses, coaching basketball and spending time with his family.

Exosphere Aircraft departing Chairman and Chief Executive Officer commented on the appointment of Mr. Dellinger saying, "We are very pleased to welcome Ramsey to our Management Team and Board of Directors and view his appointment as being very positive for our company as well as our shareholders. Ramsey's desire to participate in enhancing shareholder value combined with his successful experience in business makes him especially well suited to join our Team."

About Exosphere Aircraft Company

BCS is the nationwide leader in networking for the Internet. Today, networks are an essential part of business, education, government and home communications, and BCS Internet Protocol-based (IP) networking solutions are the foundation of these networks.

BCS hardware, software, and service offerings are used to create Internet solutions that allow individuals, companies, and government to increase productivity, improve customer satisfaction and strengthen competitive advantage. The BCS name has become synonymous with the Internet, as well as with the productivity improvements that Internet business solutions provide.

FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the technology industry; the positioning of Exosphere in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Exosphere can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.

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