REFLECTOR: Velocity Sale

[steve korney]

VLYA -- Velocity Aerospace, Inc.
Com ($0.0003)
Primary Venue: Pink Sheets

Best Bid: Unpriced
	Best Ask: Unpriced
TRADE DATA
Last Sale: 0.2500
	Change: +0.1000
Percent Change: +66.67
	Tick: Down
Daily High: 0.2500 	Daily Low: 0.1500
Opening Price: 0.1500 	Volume: 23,181
Annual High: 3.0000
	Annual Low: 0.1500
Dividend: 0.000 	Earnings/Share: 0.00
Previous Close: 0.1500 	P/E ratio: N/A
Yield: 0.00
  	Beta Coefficient: 0.73
Last Trade Date/Time: 02/24/2006

Best... Steve



----Original Message Follows----
From: Scott Derrick <scott at tnstaafl.net>
Reply-To: Velocity Aircraft Owners and Builders list <reflector at tvbf.org>
To: Velocity Aircraft Owners and Builders list <reflector at tvbf.org>
Subject: Re: REFLECTOR: Velocity Sale
Date: Sun, 26 Feb 2006 08:34:30 -0700

I don't think they own anything as yet.  A sale pending for Velocity Inc.,  
a sale in negotiation with Approach Systems and an interest in Rotorway .    
Rotorway being an employee owned company, its tough to own it in any sense 
of the word.  Unless Velocity Aerospace is also owned by the same Rotorway 
employees.

They are a paper company by everything I can find out about them.   Their 
website is all about what they "want" to do and nothing about what they have 
done or are doing. They are publicly traded OTC, with an initial price of 
$1.00, Jan of this year, and a current price of $.025 with a low of $0.10.

Scott

Chuck Harbert wrote:
>Looks like it's a done deal. They also own Rotoway Helicopter (which is 
>employee owned-ESOP).
>
>>From their website http://www.velocityaerospace.com/
>
>LAS VEGAS , NV , Feb. 8, 2006 -- Velocity Aerospace, Inc. (VLYA.PK) is very 
>excited about current developments with Velocity Aircraft, Inc. The 
>acquisition of Velocity Inc. by Velocity Aerospace is imminent, with both 
>parties diligently working to complete the transactions in February. 
>Velocity Inc. has been selling the futuristic and world-renown Velocity 
>airplane for over twenty years. The Velocity XL has many years of proven 
>aircraft performance, reliability and safety. The company has sold over 600 
>aircraft kits, making it one of the largest manufacturers in the aviation 
>industry.
>
>Andrew Edlefsen, CEO of Velocity Aerospace, Inc., commented, "With demand 
>for high-performance, single-engine aircraft increasing worldwide, we 
>believe this to be an excellent time to join with Velocity to make the 
>exciting Velocity airplanes better known throughout the world. Velocity's 
>sterling reputation and extensive experience make this an important 
>acquisition for our company."
>
>About Velocity, Inc.:
>
>Velocity, Inc. was formed in 1984. The company developed the innovative 
>Velocity aircraft, a kit airplane that uses the canard design for improved 
>performance, reduced risk of stalling, and other advantages over 
>traditional single-engine aircraft. The company has developed a model with 
>retractable gear and a five-seat model.
>
>Velocity Aerospace, Inc. (VLYA)
>
>Velocity Aerospace is in the business of identifying, developing, and 
>marketing global business and business opportunities with emphasis on 
>aviation projects utilizing their proprietary management techniques.
>--------------------------
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