Spectrum Aeronautical Receives Fleet Order from Jetpool

Mon Feb 25, 2008 1:32pm EST

* Reuters is not responsible for the content in this press release.

CARLSBAD, Calif.--(Business Wire)--
Austin Blue, President of Spectrum Aeronautical, LLC, announced
today the company has received a significant fleet order for the
Independence model S-33 and Freedom model S-40 business jets. The
order was placed by Jetpool, LLC, of Charlotte, North Carolina.

   Spectrum Aeronautical is headquartered in Carlsbad, California
with its development center located in Spanish Fork, Utah. The company
is developing two jets: the Freedom, a nine-place mid-sized jet,
scheduled for certification and first deliveries in 2009 and the
Independence, an eight-place light jet, scheduled for certification
and initial deliveries during 2010. Both aircraft feature the
company's revolutionary fibeX(TM) composite material technology,
resulting in empty weights that are about 40% less than comparably
sized aluminum aircraft. The light weight combined with efficient
next-generation fanjet engines allows significant reduction in fuel
consumption and emission of green-house gasses. To follow the
program's progress, or to download product photos visit:
www.spectrum.aero.

   "I'm pleased Jetpool has selected Spectrum's equipment to expand
their operations as they have a unique and effective business model,"
states Blue. "Jetpool has turned shared and single jet ownership into
an affordable yet hassle-free proposition. They tackle all the complex
aspects of the ownership experience by applying the operational
precision that comes from being owned and led almost exclusively by
military veterans." Spectrum's Director of Sales, Gary Bushouse adds,
"In addition to their management services, they're also offering a
`mentor pilot' program staffed with former Navy aviators. That type of
talent, serving as mentor pilots, is the optimal way to transition to
jets."

   Ryan Stone, CEO of Jetpool, notes that the Spectrum family of
aircraft has been chosen after an extensive evaluation of alternative
light jet aircraft. "We looked at every VLJ coming into the market,
and Spectrum was an easy choice. Spectrum's products will give our
shared ownership clients high performing `regular' sized aircraft at a
VLJ weight and price - the value proposition is truly disruptive."

   In addition to their regular services, Jetpool again is sponsoring
a VLJ symposium at their Charlotte, North Carolina headquarters March
7-8th 2008. This year's program is expected to attract over 1,000
attendees from the US and abroad.

   www.spectrum.aero

   www.flyjetpool.com

Binger Communications, Inc.
Beth Binger
Cell: (619) 987-6658
beth.binger@BCIpr.com

Copyright Business Wire 2008
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