Englewood, Colorado, March 5, 2008 – Adam Aircraft Industries, Inc. (“Adam Aircraft”) filed for Chapter 7 bankruptcy on February 15, 2008 and Jeffrey Weinman was appointed as the Chapter 7 Trustee.  The Trustee has put forth a motion to the Colorado District Bankruptcy Court to sell all of assets of the company in a bulk sale.  Assets include, but are not limited to, aircraft, aircraft parts, intellectual property licenses and patents, customer and vendor contracts, aircraft certifications, manufacturing equipment, and significant backlog orders.

Bids for the assets are due April 3rd and an auction will take place April 4th.  All interested parties are encouraged to contact General Capital Partners, LLC, who is acting as the Company’s marketing agent, immediately to gain access to due diligence materials and full bidding procedures.  To submit a bid and be deemed a Qualified Bidder at the auction, parties must submit an asset purchase agreement with a minimum bid of $10,000,000.  Parties must also deposit $250,000 as earnest money into an escrow account established by the bankruptcy trustee.

About Adam Aircraft Industries, Inc.
Founded in 1998, Adam Aircraft (www.adamaircraft.com) designed and manufactured a family of innovative general aviation aircraft, including the centerline thrust, twin-engine A500, and the A700 twin-engine very light jet.  The A500 aircraft has been Type Certified by the FAA, and the A700 at the time of bankruptcy filing was undergoing flight test and development with certification anticipated in late 2008.  The Company has two manufacturing facilities located in Colorado as well as one facility in Ogden, Utah.  Operations of the Colorado facilities were suspended in February of this year.  The Company employed approximately 800 skilled workers and engineers.

About General Capital Partners, LLC
General Capital Partners, LLC (“GCP”) is a specialized investment bank exclusively focused on distressed markets nationwide. GCP works with middle market companies and commercial properties, their creditors, and interest holders to provide tailored results for specific goals.  GCP offers an array of specialized services encompassing M&A, private placement of capital, and financial advisory and restructuring services. GCP’s unique ability to identify solutions to difficult situations has afforded GCP a national reputation as a trusted advisor.  For additional information see the GCP website at: www.GeneralCapitalPartners.com.

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