BRS Announces Saves #212 and 213!SOUTH ST. PAUL, Minn. -- Ballistic Recovery Systems Ballistic Recovery Systems (commonly BRS) is a company that was formed in 1980 by Boris Popov after he survived a 400 foot fall in a partly collapsed hang glider in 1975. , Inc. (PINK SHEETS: BRSI), a manufacturer of whole-aircraft emergency parachute systems, announced today that it was notified of an aircraft accident in Hungary on Sunday, April 20th, 2008 where its patented parachute recovery system saved the lives of the pilot and passenger. The pilot of a Zenair CH601XL was conducting a familiarization flight for his passenger when at 3,000 ft. altitude he unwittingly entered an unrecoverable spin. Realizing their peril after several attempts to exit the spin were unsuccessful, the pilot elected to deploy his parachute which safely landed the aircraft and its occupants. Pilot and passenger walked away completely unscathed while the aircraft sustained structural, but repairable, damage to its landing gear and undercarriage. "I am so proud of our BRS BRS - Big Red Switch. This abbreviation is fairly common on-line. family of employees and distributors whose concerted efforts once again have saved human lives," said BRS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Larry Williams. "These types of occasions are what make everything worthwhile to us!" he added. This incident marks numbers 212 and 213 in BRS' extensive history of documented lives saved by its emergency parachute system. About Ballistic Recovery Systems and Advanced Tactical Fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. Based in South Saint Paul South Saint Paul, city (1990 pop. 20,197), Dakota co., SE Minn., a suburb of St. Paul, on the Mississippi River; inc. 1887. It is known for its large stockyards and meatpacking industries; the first stockyard opened in 1887. , Minnesota, BRS designs, manufactures, and distributes whole-aircraft emergency parachute systems for general aviation and recreational aircraft. ATF ATF Molecular virology Activating transcription factor A cellular protein that stimulates transcription of adenovirus E4 transcription unit, which acts early in infection at any of several 'enhancer' binding sites (or Advanced Tactical Fabrication), a joint venture of BRS and Head Lites Corp (HLC HLC Higher Learning Commission HLC Home Loans Canada (CIBC Mortgages and Lending, Toronto, Ontario, Canada) HLC Healthcare Leadership Council HLC High Level Committee HLC High Layer Compatibility HLC Heartless Crew ), is a leader in the safety apparel and "cut & sew" industry. Ballistic Recovery Systems is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (BRSI.PK). Since 1981, BRS has delivered more than 29,000 parachute systems to aircraft owners worldwide, including over 3,500 systems on FAA-certificated aircraft such as the Cirrus Design SR20 and SR22 manufactured in Duluth, Minnesota. To date, BRS parachute recovery systems have been credited with saving the lives of 213 pilots and passengers This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are often, but not always, made through the use of words such as "anticipates," "expects," "plans," "believes," "intends," and other similar words or phrases. These statements are only predictions, and are based on current information and expectations. Such statements involve a number of risks and uncertainties, including market fluctuations, pricing, procurement, manufacturing efficiencies, operating risks, and other risks that could cause the actual results to differ materially from those projected. For more information, review the company's filings with the Securities and Exchange Commission, particularly the Company's annual report on Form 10-KSB. All forward-looking statements are qualified in their entirety by this cautionary statement, and BRS undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. |
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