SparrowHawk Dealerships Continue to Expand
The positive market response to the SparrowHawk has also increased the interest in SparrowHawk Dealerships. There are now 30 SparrowHawk Dealerships throughout the world. SparrowHawk Dealers can now be found in North, Central, and South America, Australia, the Bahamas, New Zealand, Russia, and South Africa. Groen Brothers also has sales representation in China, India and Korea.
About Groen Brothers Aviation, Inc.
Groen Brothers Aviation, Inc. has developed the first commercially viable modern gyroplane, the Hawk 4. The gyroplane is a hybrid aircraft combining the low operating cost of an airplane and the off-runway operating capability of a helicopter. The company is also developing varying sizes of gyrodyne VTOL (vertical take off and landing) aircraft for both civilian and military roles.
A "gyrodyne" powers its rotors with reaction-drive tip-jets for takeoff and landing, but flies as a gyroplane with the rotor unpowered and in sustained autorotation in forward flight. This aircraft type is eminently applicable for use as safe, low cost VTOL commuter airliners, troop carriers, and large cargo haulers with the ability to land and take off from nearly anywhere.
Through its American Autogyro division, the company has also developed and is currently selling a smaller kit gyroplane, the SparrowHawk, to meet the growing demands of the home-built gyroplane kit market, and to provide a safe, economical airborne patrol vehicle for law enforcement and other government applications. The Company continues to develop a nationwide dealership network for the sale of these products.
Safe Harbor Statement/Forward-Looking Information Disclaimer
Certain statements in this news release are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information is subject to risk and uncertainty. Certain statements in this Press Release may contain "forward-looking" information that involves risk and uncertainty, including but not limited to projections for deliveries, sales, and other trend projections. Actual future results and trends may differ materially depending on a variety of factors, including the Company's successful execution of internal performance plans; product performance; risks associated with regulatory certifications of the Company's commercial aircraft by U.S. and foreign governments; other regulatory uncertainties; collective bargaining labor disputes; performance issues with key suppliers and subcontractors; governmental export and import policies; and the ability to adequately finance operations to the date of FAA certification, manufacturing, and delivery of products.


