AirScooter Corp. Begins Trading Under Ticker Symbol 'ASCO'.

LAS VEGAS -- AirScooter Corp. (OTC: ASCO), an innovator in new personal flight concepts, announced that it has begun trading under the ticker symbol ASCO. Information about the company and its products can be found at http://www.airscooter.com. Pink Sheets LLC provides quotes and other information at http://www.pinksheets.com.

AirScooter has developed three patented and patent-pending aeronautical products employing new applications of coaxial rotor technology. These products include the AirScooter(TM) sport recreational vehicle, featured in Popular Science Magazine and in a recent CBS "60 Minutes" segment, and the high-performance AirScout(TM) 70" Unmanned Aerial Vehicle targeted at the commercial and military markets. The company's wholly owned subsidiary, AeroTwin Motors Corp., has commenced pilot manufacturing of the patent-pending AeroTwin(TM) 65-horsepower four-stroke aircraft engine for the sport flight market.

"We are pleased with this new development and we are excited about the prospects for our products," said Dwaine Barnes, president of AirScooter Corp. "We welcome the challenge to build shareholder value by growing our business."

About AirScooter Corp.

AirScooter Corp. is engaged in the research, development and commercialization of advanced aeronautical products for the recreational, military, commercial and hobby markets. Since February 2000 the company's efforts have focused on three proprietary flight vehicles and a new patent-pending, two-cylinder four-stroke aircraft motor. The company has applied coaxial counter-rotating dual rotor systems to the AirScooter(TM) recreational flying vehicle, the AirScout(TM) Unmanned Aerial Vehicle (UAV) and an AirScoot(R) Hobby Helicopter. The company's wholly owned subsidiary, AeroTwin Motors Corp., is engaged in the manufacture and distribution of the AeroTwin(TM) 65-hp lightweight aviation engine. For more information on the company, its technologies and products, please visit our Web site at www.airscooter.com.

Safe Harbor Statement: This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements, particularly those risks and uncertainties inherent in the process of developing, manufacturing and distributing aeronautical products and engines. Factors that may cause such a difference include risks related to AirScooter's limited operating history, risks associated with completing development and successful production of AirScooter products, the risk that AirScooter products will not meet with market acceptance, the risk of future warranty and product liability claims, the uncertainty of AirScooter's future access to capital to sustain operations, achieve profitability or continue as a going concern, the failure by AirScooter to secure and maintain relationships with suppliers, manufacturers and other third parties, reliance on key employees, and dependence on intellectual property. Further information on the factors and risks that could affect AirScooter's business, financial condition and results of operations, are contained in AirScooter's public corporate documents. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. AirScooter Corp. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.