(VLYA)

www. Both the 172 and the 206 rear seats will offer the option
to be configured with the airbag system.com

About AmSafe, Inc.

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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. Services include worldwide defense and
commercial aviation distribution.

flying pilot

com is in the business of identifying, developing,
and marketing global business and business opportunities with emphasis on
aviation projects utilizing their proprietary management techniques.com

About Cessna Aircraft

Cessna Aircraft Company is a subsidiary of Textron Inc.

paragliders aviation

Forward-looking statements involve known and unknown
risks and uncertainties, which may cause the Company's actual results in
the future periods to differ materially from forecasted results.

More information about Cessna Aircraft Company is
available at www.

thematic aircraft

The
acquisition of Velocity Inc. Textron is a $10 billion multi-industry company with more
than 43,000 employees in 40 countries.

This category is intended for sites which sell products associated with aviation.

paragliders thematic

Velocity Aerospace, Inc.

Aerospace Writers/Business Editors

INDEPENDENCE, Kan. For more information,
visit www.

This category is not intended for aircraft sales or manufacturers.

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velocityaerospace. NTSB General Aviation
statistics show that most crash events are survivable, especially when
head and neck injuries are minimized.

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AmSafe Aviation, the global leader in aviation restraint systems
for over 35 years, is supplying its seatbelt airbag as standard
equipment for all 2005 Cessna 172's, 182's and 206's.amsafeaviation.

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AmSafe is currently the exclusive supplier of
restraints to Cessna for the single engine aircraft line.

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Cessna has also delivered the first Cessna 182 Skylane , equipped
with standard AmSafe seatbelt airbags in all four seats to Central
California Aviation , a Cessna dealer and authorized Cessna maintenance
FBO.
The Cessna 172 features AAIR-equipped front seats. AmSafe introduced
the FAA-certified AmSafe Aviation Inflatable Restraint (AAIR(R)) in
2001. The company leverages its
global network of aircraft, industrial and finance businesses to
provide customers with innovative solutions and services.

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Andrew Edlefsen, CEO of Velocity Aerospace, Inc.:

Velocity, Inc.
AmSafe announced late last year that the AAIR would also be
available as retrofit kits for all single-engine Cessna's built in
1997 or later., is the world leader
in aviation restraint systems and airbag technology.amsafe. Textron is
known around the world for its powerful brands such as Bell
Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee,
among others.

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by Velocity Aerospace is imminent, with both
parties diligently working to complete the transactions in February. The company has developed a model with
retractable gear and a five-seat model.----

Cessna 172 standard equipment includes pilot and copilot airbags;
182 and 206 equipped with four airbags each; Retrofit kits available
for all 1997 or newer Cessna single-engine models

The first new Cessna 172 and Cessna 182 equipped with AmSafe
seatbelt airbags as standard equipment have been delivered to
customers in Texas and California. For more information about the
AAIR or AmSafe Aviation, visit www. AmSafe, Inc.

aviation harnesses

PRESS RELEASE Velocity Aerospace Inc. to Acquire Velocity Aircraft Inc.

Velocity Inc. has been selling the futuristic and world -renowned Velocity
airplane for over twenty years.

Velocity Aerospace, Inc.
The Cessna version of the AAIR seatbelt airbag is part of a
three-point restraint system and deploys much like automotive air bags
during a dynamic crash event, providing significantly enhanced head
and neck protection for pilots and passengers.

flight theme

The Velocity XL has many years of proven
aircraft performance, reliability and safety., 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. The four-seat
182 includes airbags for all seat positions and the six-seat 206 is
equipped with four seatbelt airbags in the front and middle seat
positions .

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AmSafe Cessna Deliver First Airbag-Equipped 172 182; AmSafe Inflatable Restraints Now Standard Equipment for Cessna 172 182 and 206

AAIR retrofit kits are now available for installation and will be
sold exclusively through Cessna's 350 worldwide service stations. Only
Cessna service stations will be trained and equipped to install the
retrofit AAIR seatbelt airbags on Cessna airplanes.
The AAIR is currently under evaluation or selected for use on
seventeen general aviation airframes.cessna .

tek flight

AmSafe Aviation, a division of AmSafe, Inc.

mounts aviation

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Midland plans to use the new AmSafe
Aviation Inflatable Restraint (AAIR(R)) equipped Skyhawk for training
student pilots enrolled in the school 's professional pilot program.
According to AmSafe AAIR general manager Joe Smith, the seatbelt
airbags are equipped with sensors that activate a compressed helium
gas bottle that inflates a lightweight fabric airbag within
milliseconds of a 9g or greater event.
The AmSafe AAIR seat belt airbag system has been flying on
commercial aircraft since 2001. AAIR-equipped aircraft now include the
Airbus A319-112, A320-214, A321-211, A330-200, A340-500, and A340-600;
Boeing 777-200ER, and 747-400; Bombardier CRJ700; and British
Aerospace Jetstream 41.
AmSafe, Inc.
Products include seat belts, restraints , airbags, cargo and barrier
nets, camouflage, slings including rotorcraft underslung, tie-downs,
and cabin interior textiles. is
focused and committed to providing quality products and timely , cost
effective solutions to customers worldwide.

intended flight

"

About Velocity, Inc. Maintenance is minimal with a
system check performed typically during the annual inspection of the
airframe, Smith says .
The AmSafe AAIR has recently been selected for the first business
jet installation aboard the Adam Aircraft A700. is the world leader in safety + securement equipment
for the aerospace, defense , and ground transportation industries.

flight tailwinds

was formed in 1984.

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The company has sold over 600
aircraft kits, making it one of the largest manufacturers in the aviation
industry. Nearly every commercial aircraft in
the world carries AmSafe products
AmSafe is headquartered in Phoenix, Arizona and operates
manufacturing and service facilities across the globe.
(NYSE:TXT).

intended pilot

(OTC: VLYA) is very
excited about current developments with Velocity Aircraft, Inc.

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While AmSafe's traditional restraints remain standard in
aircraft of virtually every major airline worldwide and countless
private aircraft , they also provide safety for aircraft crews in most
airliner types.

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Velocity's
sterling reputation and extensive experience make this an important
acquisition for our company.

Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein, the statements in this news release are
forward-looking statements that involve risks and uncertainties and are
made pursuant to the safe harbor provisions of the Private Securities
Reform Act of 1995.
The first AmSafe-equipped Cessna 172 Skyhawk with two standard
front-seat seatbelt airbags has been delivered to Midland College
flight department, Midland, TX.com

AAIR(R) is a registered trademark of AmSafe, Inc.