Advanced Aerodynamics & Structures, Inc..

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News Flash: AASI Acquires Mooney Aircraft!

Mooney Generated Over $42 Million In Sales In 2000, But AASI Is Trading Only At $0.22!!!

You may not recognize Advanced Aerodynamics & Structures (OTCBB:AASI) since it is not a household name like Southwest Airlines or Boeing.

However, AASI has recently acquired the assets of Mooney Aircraft Corporation and has changed its name to Mooney Aerospace Group, Ltd. Even the name Mooney may not sound familiar to most investors, and that is exactly the reason why AASI stock may have significant upside.

While Mooney is certainly not as big as Boeing, it is a household name in the single engine aircraft business. There are already more than 10,000 Mooney aircraft in operation around the world.

AASI has recently brought in an entirely new top management team of seasoned industry professionals including Roy H. Norris, former President of Raytheon Aircraft, Pete Larson former CFO of Cessna, and Dale Ruhmel, Cessna's former head of Advanced Design. Why are they involved? There is a big opportunity.

AASI has been trading as high as $0.44 in the past 12 months. But, Mooney generated over $42 million in sales in 2000 and has produced high performance single engine airplanes for over 50 years. The acquisition will explode AASI's sales, and make it a major player in the General Aviation industry.

The upside associated with AASI's stock can be two-fold. First, apparently the investment community has not yet been made widely aware of the acquisition - why else would this stock be trading at $0.24 post-acquisition?

Secondly, as a result of the September 11th attacks, business travel by the airlines has become time consuming and inefficient. Many companies can't afford for their executives to be burdened by the delays of early check-ins and long security lines. They might rather their management have the flexibility and efficiency offered by the company buying their own corporate aircraft. But many companies can't afford expensive business jets. However, Mooney's aircraft cost less than 1/10th the cost of a typical business jet. This way, a company and its top producers can have access to all major airports serviced by the airlines and, more than 5,000 additional airports in the US that don't have commercial airline service. With no waiting lines and direct, point-to-point flights, business trips are conducted quickly and efficiently. Not surprisingly, General Aviation aircraft sales have responded with a 30% annual growth rate over the last four years.


Growth Opportunity:

AASI has now become a leading manufacturer of piston engine General Aviation aircraft with exciting new models in the pipeline. Furthermore, it is now in a position to quickly ramp up its production to take advantage of its solid market potential.

AASI has also announced that it is pursuing additional acquisitions of other top of the line general aviation including Century Aerospace Corporation concerning acquisition of the rights to manufacture the Century Jet, one of the exciting new entrants in the micro-jet market.

With these positive developments it should only be a question of time before the investment community starts paying attention.


Billion Dollar Question:

HOW QUICKLY will institutional and individual investors start buying AASI, and how dramatically will that change AASI's valuation? As Jet Blue Airways' super-successful IPO proves, the investment community agrees with the potential. AASI enjoys strong brand recognition, but the major acquisition has not yet translated into a higher stock prices. AASI may well be our most important profile of this year!!!!!


Advanced Aerodynamics & Structures, Inc. AASI (OTCBB)
Shares Outstanding: 65.5 M 52-week Range: $0.16 -- $0.44
Float: 52.1 M Contact: Matt Henderson,
Recent Price: $0.22 212-732-4300