Business Services Industry
Moller International Denies Speculations Regarding Merger
Business Wire, Feb 4, 2008
DAVIS, Calif. -- Contrary to a claim in a video recently posted to a popular internet web site, Moller International (OTCBB:MLER) denies that it is in discussions with Boeing regarding a merger of the two organizations.
"The Company is not currently engaged in any discussions with Boeing or its affiliates", said Dr. Paul Moller, President and Chairman of the Board. "Moller International's experience with ducted fans, manned and unmanned vertical take off and landing aircraft designs and high power-to-weight rotary engines continues to attract potential joint venture partners both domestic and international, but there are no ongoing discussions regarding the sale or merger of the Company. Discussions are underway regarding the terms of a worldwide licensing agreement for the Rotapower[R] engine as well as its use in a mass-produced plug-in hybrid electric vehicle (PHEV), but not with Boeing. We expect to finish these discussions within the next 45 days," he stated.
About Moller
Moller International was formed in 1983 and is the developer of the roadable Skycar[R] aircraft, a four-person Vertical Takeoff and Landing Vehicle (VTOL) currently undergoing initial flight-testing. The aircraft uses the Company's Rotapower[R] rotary engine designed specifically for compact, high power-to-weight applications. The Skycar[R] has the potential to provide an airborne alternative to a significant portion of the miles now traveled by automobiles.
The Skycar[R] has been featured on a number of TV programs including CBS 60 Minutes, "Highway In the Sky", NBC's Today Show "Today's American Story", and History Channel's, "Greatest Movie Gadgets: Then and Now".
For further information contact:
or
Bruce Calkins
Moller International
1222 Research Park Drive
Davis, CA 95616 USA
Telephone: 530-756-5086
Facsimile: 530-756-5179
Email: bruce@moller.com
Skycar[R] and Rotapower[R] are registered trademarks of Moller International in the USA and other countries.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
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