MPTO Announces Movement to Highest Reporting Level on Pinksheets
IRVING, TX--(eMediaWorld - March 18, 2009) - MP2 Technologies, Inc. ("MP2") (
The Company stated that the process of providing current financials was delayed by its restructuring of previous financials to more accurately reflect its current state and the acquisition of Weatherly Aircraft Nevada, Inc. The Company stated that it has now complied with all the more stringent requirements of Pinksheets and feels as though its financials are in the proper order to move to a fully reporting entity in the near future.
"This is a major milestone for our company," stated Patrick Thomas, President of MP2. "We are building a new company in a period of intense scrutiny for companies of our size and we have handled the challenge. We believe that our current reporting is not only accurate, but thoroughly represents our current status in all aspects."
In an unrelated development, Weather Aircraft Nevada, Inc., a wholly owned subsidiary of MP2, announced that the first stages of production operations in Bogalusa, LA, were complete. Manufacturing machinery and spare parts have now been moved to its new facility in Bogalusa, LA, and are being prepared to begin production. The Company acknowledged the outstanding assistance it continues to receive from the City of Bogalusa and its airport management during the difficult process of setting up a new facility. "The city council, leaders of the community, and the Economic Council of Bogalusa have shown us emphatically that they will do all they can to help Weatherly Aircraft build an aircraft manufacturing facility in their community," stated Richard Corline, CEO of Weatherly. "We continue to be indebted to them for making this venture an exciting and economically successful venture."
About Weatherly Aircraft Nevada, Inc.
Weatherly Aircraft Nevada, Inc. designs, manufactures and sells cost efficient, safe and reliable aerial application aircraft for agricultural, chemical and fire fighting applications. The Weatherly aircraft are based on an FAA issued "Type Certificate" for which the Company has the licensing rights. The current fleet size of Weatherly aircraft in service on a world wide basis is in excess of 200 units. The Company intends to open its new US customer support center by March, 2009 and supply spare parts and technical support to existing customers. It is anticipated that newly built aircraft will be ready for delivery to customers in December of 2009. For more information about Weatherly Aircraft Nevada go to www.weatherlyair.com.
About MP2 Technologies, Inc.
MP2 Technologies, Inc. serves as a holding company for technology and service related businesses that can share common management resources and access to marketing channels. New acquisitions will be announced over time as opportunities that fit the company's acquisition profile become available. Acquired companies will benefit from MP2's public company expertise, executive management, and sales and marketing contacts throughout the world. More information on the company can be found at their website at www.mp2technologies.com.
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.
| Contact: Richard Corline 951-763-4246 |
|
Major Wire Distributions Starting at only $45 and Complete OTCBB Distribution only $249
