SOURCE: MP2 Technologies

June 11, 2009 10:47 ET

MP2 Technologies' Subsidiary, Weatherly Aircraft, Begins Shipment of Parts Internationally

IRVING, TX--(Marketwire - June 11, 2009) - MP2 Technologies (MP2) (PINKSHEETS: MPTO) announced today that its wholly owned subsidiary, Weatherly Aircraft Nevada, Inc. (Weatherly), has begun shipping parts internationally. The Company stated that they had filled orders for Mexico and have received additional orders that are in the process of being filled from several other countries. The Company believes that the international sales interest is a direct result of their expanded focus on that market. The majority of Weatherly aircraft now in operation are outside of the U.S. and there is a far greater potential for future sales of the aircraft and parts in that market.

Richard Corline, CEO of Weatherly, stated, "As a company, our interest is in finding the best fit for our aircraft wherever that is in the world. We know that there are very sizable markets for the Weatherly in Central and South America as well as in Asia and the Middle East. We intend to pursue them vigorously. Considerable interest has been generated just from our initial marketing efforts."

In addition, the Company stated that it is working closely with the FAA to finalize various certifications to meet FAA standards for shipping parts in the U.S. and feels confident that, with the help of the FAA, the standards will be met within the next few months.

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. They are now supplying 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.

Contact Information

  • Contact:
    Richard Corline
    985-735-9339
    Email: Email Contact

    Investor Relations Contact:
    The Eversull Group, Inc.
    Jack Eversull
    972-378-7917
    972-378-7981 (fax)
    Email Contact