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

[jmhollen]

Mooney Goes with the Garmin(R) G1000(TM) All-Glass Flightdeck

OLATHE, Kan., Feb 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), today announced that Mooney Airplane Co., a wholly-owned subsidiary of Mooney Aerospace Group Ltd. (OTC Bulletin Board: MASG), has selected Garmin's G1000 integrated avionics system for its Ovation2 GX and Bravo GX models. Both aircraft will boast a 10.4-inch primary flight display (PFD) and 10.4-inch multi-function display (MFD).

"Mooney pilots have been flying with Garmin GNS 430/530 avionics for several years now and we're delighted to build upon that heritage to provide a uniquely integrated cockpit system on new Mooney aircraft," said Gary Kelley, Garmin's director of marketing. "The G1000 will give Ovation2 GX and Bravo GX pilots the big picture on flight management, weather, terrain and traffic on two large color LCDs."

The G1000 integrates all primary flight, navigation, communication, engine, and sensor data on the dual 10.4-inch, XGA high-resolution (1,024x768- pixel) displays with superior sunlight readability. The physical architecture of the G1000 system lends itself to easy installation and service. The digitally integrated design of the avionics is also expandable, making it possible to add new technologies and capabilities, as they become available. Installations of the G1000 on Mooney Ovation2 GX and Bravo GX aircraft will include the following system components and features:

-- Digital audio control panel with integrated marker beacon and
clearance playback capability
-- Dual integrated radio modules that provide IFR oceanic-approved GPS;
VHF navigation with ILS; and VHF communication with 16-watt
transceivers and 8.33-kHz channel spacing
-- Mode-S transponder with Traffic Information Service (TIS)
-- Advanced solid-state Attitude and Heading Reference System (AHRS)
with rapid alignment whether on the ground or in the air
-- Digital air data computer
-- Worldwide terrain database depicting topographic information and
relative terrain
-- XM Satellite Radio receiver, featuring full-color, graphical weather
information via digital data link and 101 channels of CD-quality
audio (availability: 4Q04 in U.S. models only)

"The GX flightdeck system, with its dual large-screen displays and digital presentation of data, will meet all the requirements of today's Mooney aircraft owners for whom the very latest in technology is a must," said Nicolas Chabbert, Mooney's executive vice president of marketing and sales. "The G1000 is the most advanced flightdeck package available on a single- engine piston aircraft and it will ease pilot workload and provide a new level of situational awareness during all phases of flight."

The certification program on the Mooney Ovation2 GX and Bravo GX is currently underway and Mooney expects to begin delivery of G1000-equipped aircraft in the third quarter of 2004.

Garmin International Inc. is a member of the Garmin Ltd. (Nasdaq: GRMN) group of companies, which designs and manufactures navigation, communication and information devices -- most of which are enabled by GPS technology. Garmin is a leader in the general aviation and consumer GPS markets and its products serve aviation, marine, outdoor recreation, automotive, wireless and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. GARMIN is a registered trademark, and G1000 is a trademark of Garmin Ltd. or its subsidiaries.

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 recently celebrated its 50th Anniversary in Kerrville, Texas, where it has manufactured more than 10,000 aircraft that have been delivered worldwide. Complete information about Mooney aircraft is available at www.mooney.com .

Notice on forward-looking statements:

This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business. Any statements regarding the company's expected product certifications and product deliveries are forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors affecting Garmin, including (but not limited to) Federal Aviation Administration product certification delays and the risk factors described in the Annual Report on Form 10-K for the year ended December 28, 2002 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin's Form 10-K can be downloaded from www.garmin.com/aboutGarmin/invRelations/finReports.html .

SOURCE Garmin International Inc.

Pete Brumbaugh or Ted Gartner, both of Garmin International
Inc., [phone], [e-mail]

http://www.garmin.com