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Tue, Apr 05, 2005

Engaged To Be Married: BRS & Free Flight Enterprises

Purchase Of Aviation Safety Company Expands BRS Product Line

Ballistic Recovery Systems says it's signed a non-binding letter of intent to acquire Free Flight Enterprises, an Aviation Safety systems company based in Lake Elsinore, CA.

The transaction remains subject to completion of diligence by BRS and the negotiation and execution of a definite agreement and related documents, as well as the satisfaction of any conditions to closing. The acquisition is anticipated to close in early summer.
 
"This acquisition of Free Flight Enterprises is a part of our strategy to expand our focus and provide products to a much wider market than we have addressed previously," said Larry E. Williams, president and COO of BRS, Inc. "This is the next stage in our growth and a major milestone for the aviation safety industry. We plan to offer the same suite of products and flexibility that Free Flight is known for by all its customers."

FMI: www.BRSparachute.com

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