REFLECTOR: Velocity Aerospace - rumor control

[Randy Wharton]

Scott,

I know what you mean about it being hard to get a newsletter together. When
it's time for me to contribute to my college division's newsletter, I'm
usually the last to write anything, if I do at all.

I agree with the guys that it's great to get VV's, but the most important
thing to me is the KPCs, and if there aren't any new KPCs, the Reflector has
plenty of **Views** to keep me occupied! Don't get me wrong, I still want to
see more VVs, but thankfully we have a constant flow of information
in-between. 

Randy W.

-----Original Message-----
From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On
Behalf Of Richard J. Gentil
Sent: Monday, February 27, 2006 11:20 PM
To: Velocity Aircraft Owners and Builders list
Subject: Re: REFLECTOR: Velocity Aerospace - rumor control

Thanx Scott for that report.

Richard

P.S. Herding cats is still better then trying to give one a pill! ;-)

Scott Baker wrote:

>Watching what is akin to a firestorm of questions, comments, criticisms
>and 'wonderisms' on the Reflector - I think its best to share some
>background on Velocity Aerospace and its connection with Velocity, Inc.
>1. Other than the Velocity On-Line newsletter being very late - nothing
>has changed at Velocity.  We are hard at work shipping new kits;
>customers are coming to the Velocity Service Center for builder support;
>builders are attending the Velocity Flight Transition Training Program;
>we are getting geared up for Sun 'n Fun (which is taking a lot of
>effort!); parts are being shipped; Velocity is working with unique
>sections of the flying world with Proxy Aviation Systems on UAV airframe
>development, and the Rocket Racing League in providing the first
>generation of Rocket Racing airframes; Velocity is slooooly working
>through its priority of things to finish in order to free Scott Swing to
>begin work on the Twin Velocity project; and the sky is not falling.  We
>are looking forward to Velocity Builder Expo in May in Dallas - the
>factory is a big supporter of the program (both financially, and in
>providing factory speakers).  In other words, Velocity, Inc. continues
>to dedicate itself to providing builders with kits, parts, Head Start
>training, flight training, and technical support.
>2. Duane Swing has opening talked about his desire to retire and to sell
>his assets in the business.  Years ago he published a short report in
>the Velocity Views - going so far as to solicit Velocity builders as
>possible investors.  The company has been working with an individual
>(not a Velocity builder), who has expressed an interest in certifying
>the aircraft in Asia - and selling completed aircraft to buyers in large
>numbers.  Velocity Aerospace LLC is an outgrowth of this plan.  Velocity
>Aerospace LLC is selling stock to raise money to augment private money
>that apparently is promised for this new venture.
>3. Velocity, Inc. and Velocity Aerospace, LLC have signed letters of
>intent - however there currently exists no contract between the
>companies, and there have been no exchange of monies.  In other words,
>there is an idea on the table - which is still an idea.  Nothing has
>happened in regards to selling the company - which is why there have
>been no news releases on our end.  Velocity Aerospace, LLC is sending
>press releases speaking of an 'imminent' purchase of Velocity, Inc.
>because they wish to attract investors.
>4. Velocity Aerospace, LLC is only interested in developing a certified
>version of the Velocity.  Should they purchase the company - which
>remains an uncertainty - kit production and support would go on as
>normal, with Scott Swing and Scott Baker and other key people still in
>place.  Duane on the other hand, plans to enjoy retirement.
>5. The Views have not been publishted because getting Velocity staff to
>write articles is like herding cats.  Don't read anything into its being
>late.
>
>Everybody back to building!
>SB
>
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