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

[abcmit]

Mooney Aerospace Group Reports Revenues of Over $2.3 Million for November 2003, A 21% Increase from October 2003 Revenue
Wednesday December 10, 6:01 am ET
Company Delivers 5 New Airplanes in Month

KERRVILLE, Texas--(BUSINESS WIRE)--Dec. 10, 2003--Mooney Aerospace Group Ltd. (OTCBB:MASG - News) announced today that its revenue increased from $1,881,000 in October to $2,359,000 in November, a 21% increase. The company completed and delivered five new Mooney airplanes in November. Four of the aircraft are Ovation2 DX models, and one is a Bravo DX.
J. Nelson Happy, Mooney President, stated: "November deliveries were the second highest monthly since we resumed production. I believe that this success firmly establishes that we are now producing airplanes on a scheduled basis and our assembly line is working smoothly. Most importantly, it shows that we can meet our business plan on a consistent basis."

Robert Collier, Mooney's Director of Operations, observed: "Our people are working at top form and are putting their all into quality. We have never built better airplanes than we are building now."

Mooney Aerospace Group Ltd. is a general aviation holding company that owns Mooney Airplane Co., located in Kerrville, Texas. Mooney currently sells three models; the highest performing four-place single engine piston powered aircraft, the Bravo DX, and its stablemates, the highly rated Ovation2 DX, and the economical Ovation. Mooney is celebrating its 50th Anniversary in Kerrville, Texas this year, where it has manufactured more than 10,000 aircraft that have been delivered worldwide. Complete information about Mooney aircraft is available at http://www.Mooney.com.

http://biz.yahoo.com/bw/031210/105171_1.html