Wed, Jul 22, 2009
Fully-Refundable Deposits Held in Escrow
Is this a ground-floor opportunity, or a reach for the clouds
... or maybe both? Stratos Aircraft is now accepting deposits for
the Stratos 714 Very Light Personal Jet. In conjunction with the
announcement, Stratos is also launching the Assurance Deposit
Program as an incentive to attract early buyers who want to reserve
their purchase position. This creative new program assures buyers
that their deposits will be held in escrow, and can be refunded at
any time.
True to form, Stratos has developed an innovative solution to a
common challenge - how to manage customers' deposits in a manner
that assures the consumers' best interest as its only priority.
Consequently, Stratos Aircraft established this program to avoid
the missteps of some aircraft manufacturers, that have-in some
cases-caused customers to lose their deposits. The Assurance
Deposit Program is designed to hold deposit funds in
interest-bearing escrow accounts at Wells Fargo Bank where the
funds remain secure until applied to a progress payment that is
made after a formal aircraft purchase agreement has been
signed.
"Placing a deposit on a long lead time item like an aircraft
shouldn't cause the consumer discomfort in parting with their
hard-earned dollars," stated Kevin Jordan, Chief Sales Officer at
Stratos Aircraft. "When you order a new Stratos 714, you don't
'part' with your money, you simply move it to an interest-bearing
account for future use. It's liquid and it's refundable," concluded
Jordan.
Early buyers of the Stratos 714 will enjoy the benefits of the
Assurance Deposit Program that are unmatched in the industry.
Depositors receive a copy of the Wells Fargo-Stratos Aircraft
escrow agreement, and further assurance that deposited funds will
only be invested in United States government or
government-guaranteed securities. And because people's lives,
needs, missions and desires change, Stratos pledges that Assurance
Deposit funds are fully refundable at any time until applied to a
progress payment - no questions asked.
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