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

[RevDew1]

John:
Thanks alot for your feelings on being a great air craft.
I was wondering how good they were.
Here is the latest news I have on Mooney, not good enough to shot it into the big time, but encouraging!
Thanks again!
DD

Mooney Airplane Company Reports over $300,000 in Service Center Revenue for January 2004
via COMTEX

February 4, 2004

KERRVILLE, Texas, Feb 4, 2004 (BUSINESS WIRE) --

Mooney Airplane Co., wholly owned subsidiary of Mooney Aerospace Group, Ltd., (OTCBB:MASG) announced today that in the first month of 2004 the company's revenue from its service center business was over $300,000. Providing general maintenance services and more extensive repair work will clearly be a focus for increasing high margin revenues for the company. Quality service is the foundation of customer loyalty, the benchmark of the customer satisfaction. Mooney is striving to excel in this arena.

Mooney president J. Nelson Happy commented: 'I think that Mooney's results so far this year in our service center business reflects a trend which should continue for the rest of the year. Its success shows our commitment to serve our loyal customer base. With thousands of Mooneys in operation, we think we can capture an increasing volume of business. Mooney's service center can do major repairs with the assurance of factory quality.'

Todd Bates, Mooney's Senior Manager of Customer Service, remarked: 'This dramatic increase in service center revenues is the direct result of a coordinated team effort and commitment to excellence by our customer service personnel. This customer support initiative is the opening phase of our increased commitment to this important aspect of our business. We are further developing our customer support program by expanding our service capabilities. The service center is adding a factory refurbishment program for pre-owned Mooney Aircraft. This program includes new paint, interior, avionic upgrades and airframe modifications.'

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. Over more than 50 years Mooney has built over 10,000 airplanes that have been delivered worldwide from its plant in Kerrville, Texas. Complete information about Mooney aircraft is available at www.Mooney.com. (http://www.Mooney.com).

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the 'Act'). In particular, when used in the preceding discussion, the words 'plan,''confidant that,''believe,''scheduled,''expect,'or 'intend to,'and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

SOURCE: Mooney Aerospace Group, Ltd.

Mooney Airplane Company, Kerrville Todd Bates, 830-792-2067 www.Mooney.com

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