MASG - Mooney Aerospace Group, Ltd. (fka MASG)

[sdhollen]

A Happy letter to Mooney stockholders

J. Nelson Happy, president of Mooney Aerospace Group Ltd., has written a letter to Mooney stockholders detailing new developments in the production, staffing, marketing and management of Kerrville-based Mooney Airplane Co. (MAC).

Mooney Aerospace Group Ltd. (OTCBB:MASG) purchased the assets of Mooney Aircraft Corp. in April 2002.

Happy says Mooney's success has always been based on the company's adoption of engineering improvements into the evolutionary character of its aircraft.

"In spite of the fact that many of our customers say that Mooneys are perfect, we are constantly striving to improve the performance and safety of our airplanes," says Happy. "We accomplish this in two major ways: first, by paying attention to our customers; and second, by staying at the top of the industry's engineering advances."

This year Mooney has made two important upgrades to its fleet of aircraft, Happy says. The first is the lowering of the control panel by two inches to improve pilot visibility. The second improvement is the design of a dual bus electrical system that is capable of supporting any new avionics systems that will be offered in the future, as well as improving system reliability.

"We are a conservative company, and we make improvements only when our testing and engineering study clearly indicate that they are truly better for our pilots," says Happy. "This approach, adopted by Founder Al Mooney in 1953, has proven successful for 50 years and we see no reason to change it."

Mooney will debut it's 50th Anniversary Ovation 2DX in Oshkosh, Wis., at the EAA AirVenture Show on July 29, 2003. The show will run through Aug. 4. For more information visit www.mooney.com or contact Terry Freeman at 830-792-2935.

http://www.bizjournals.com/sanantonio/stories/2003/07/21/daily18.html?f=et77