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Mon, Jul 04, 2005

Aero-News Quote Of The Day (07.04.05)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

"This litigation is not over and we plan to pursue another stage in our defense whether it be through appeal, a new trial, or motions to the court to remit the damages. The first course of action for BRS is to ask the Judge to overturn the verdict."

Source: BRS's Larry Williams, commenting on a lawsuit filed by Charles F. Parsons and Aerospace Marketing, Inc. A Florida jury found that Ballistic Recovery Systems, Inc., committed a breach of a contract related to the GARD-150 product and failed to perform its obligations under a contract related to the GARD-172 and awarded the plaintiffs approximately $3.4 million in damages.

FMI: www.brsparachutes.com

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