Corporate Profile for Groen Brothers Aviation Inc., dated June 11, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: June 11, 1999
Company Name: Groen Brothers Aviation Inc.
Address: 2640 W California Ave, Ste A
Salt Lake City, UT 84104
Main Telephone
Number: 801/973-0177
Internet Home
Page Address
(URL) www.groenbros.com
Chief Executive
Officer: David Groen
Chief Financial
Officer: Jim Lindsay
Investor Relations
Contact: Al Waddill
Business number: 801/973-0177
e-mail address: sales@groenbros.com
Public Relations
Contact: Marketing Department
Business number: 801/973-0177
e-mail address: mktg@groenbros.com
Trading Symbol/
Exchange: OTC BB:GNBA
Industry: Aerospace/Aircraft Manufacturing
Market Makers: See web site: www.groenbros.com/invest/gbastock.htm
Company description: Groen Brothers Aviation, Inc. (GBA GBA Game Boy Advance (Nintendo 32-Bit Game Boy) GBA Gran Buenos Aires (Argentina) GBA God Bless America GBA Gundam Battle Assault (video game) GBA Alderney ) of Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , has developed and is certifying with the FAA the Hawk 4 (four place) Gyroplane gyroplane: see autogiro. . Based on the lessons learned during successful flight testing of three prototypes over 10 years, The Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Hawk 4 provides VTOL VTOL n. A convertiplane that can take off and land vertically. [v(ertical) t(ake)o(ff and) l(anding).] VTOL vertical takeoff and landing capabilities with its patented variable pitch rotor head Noun 1. rotor head - the axis around which the major rotor of a helicopter turns rotor shaft axis of rotation, axis - the center around which something rotates and offers a safe, economic alternative for the rotor craft and fixed wing market. In March of 1986, David and Jay Groen joined forces to form a company that would bring the gyroplane into its rightful place in modern aviation. They worked together as the sole employees of Groen Brothers Aviation, inventing the technology upon which our patents are based. We have now grown to a full time staff of sixty. A Flight Operations Facility was opened in Buckeye, Arizona Buckeye is a rapidly-growing town in Maricopa County, Arizona, United States in the Phoenix Metropolitan Area. In July 2007, Forbes Magazine ranked Buckeye as the 2nd-fastest growing city in the United States, having had its population grow by nearly 192% between 2000 and 2006 [1]. in March 1999, and will be used for flight testing, training, sales and service. Our growth is expected to continue throughout 1999. The Hawk 4 Gyroplane will be the first in a series of VTOL capable aircraft. Development & certification of the Hawk 6 (six place) and Hawk 8 (eight place) will follow the Hawk 4 and preliminary designs of larger aircraft have been completed. We began the FAA type certification process of the Hawk 4 in March 1998. Assembly of the first Hawk 4 began in September 1998. Flight testing of the first of four Hawk 4s being built will begin soon. Although we have a three-year period in which to finish the certification process, on our current schedule we expect completion in late 2000. We have an order for 200 Hawk Gyroplanes from the Shanghai Energy and Chemical Corporation (SECC (Single Edge Contact Cartridge) A CPU module from Intel that held Pentium II and Pentium III chips and their L2 cache chips. The SECC plugged into Slot 1 on the motherboard and contained a single edge processor package (SEPP), which was the printed circuit ) of China. SECC has also asked for and received an option to purchase 300 additional Gyroplanes. GBA, a fully-reporting public corporation, is traded over-the-counter on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the stock symbol "GNBA". Please visit our home page at www.groenbros.com for more information. |
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