SOURCE: Exosphere Aircraft Company, Inc.

May 19, 2008 15:05 ET

Exosphere Aircraft Company Signs Letter of Intent With Mixed Martial Arts Holdings

SEATTLE, WA--(Marketwire - May 19, 2008) - Exosphere Aircraft Company, Inc. (PINKSHEETS: EXSA) announced today that the Company has executed a letter of intent with MMA Holdings, Inc., whereas MMA Holdings will acquire a controlling interest in Exosphere. Exosphere's management does not anticipate the need to affect any general reverse of the share structure at this time or in the foreseeable future.

John McLean, Director, Exosphere Aircraft Company, said, "We're excited about the promising opportunities this acquisition presents for both companies and our shareholders."

About MMA Holdings, Inc.

MMA Holdings will seek strategic business opportunities in one of the fastest growing sports in the world, Mixed Martial Arts. MMA Holdings plan to capitalize on third party businesses that have already positioned themselves in the MMA arena.

Forward-Looking Statements

This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor provisions of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future events or transactions, sales of products or performance. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to execute its business plan, having necessary financing in time to meet contractual obligations and support the business activity, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's current and future filings with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.

Contact Information

  • FOR FURTHER INFORMATION, please contact:

    Exosphere Aircraft Company
    John McLean
    (866) 442-2359