just googled Toxo and found some interesting information. What's the
follow up of this partnership? I didn't hear anything about it at OSH
this year.

Friday, August 01, 2003
For Immediate Release
Contact:Larry (830) 896-6000 ext. 2913

Topic:Mooney Airplane Company partners with Spanish manufacturer

OSHKOSH, WISC. Aug. 1, 2003 - Mooney Aerospace Group, Ltd.
(OTCBB:MASG)announced today at the annual meeting of the Experimental
Aircraft Association (EAA)that its wholly-owned subsidiary has entered
into a strategic relationship withConstucciones Aeronauticas De
Galicia, manufacturer of the Toxo light sport aircraft inSpain, to
manufacture, design, assemble and market the two-seater plane. The
aircraftwill be renamed the Mooney Toxo, and Mooney will undertake all
Toxo related activitiesfrom its plant in Kerrville, Texas.J. Nelson
Happy, president of Mooney, stated: "This is a major step for our
company. Noother traditional aircraft manufacturer has entered the
light sport aircraft market before,but we believe that the time has
come for us to do this. We have flown many of the lightsport aircraft
available today, and we chose the Toxo because we believe it
bestrepresents Mooney's philosophy of offering the highest performing
aircraft in its class.The Toxo is a miracle of engineering and design,
and every pilot who has flown it hasimmediately fallen in love with it.
The price of a fully equipped airplane will besubstantially below
$100,000, so a new high performance airplane will be available to amuch
wider group of pilots."Antonio Castelo Silvira, a principal of
Constucciones Aeonauticas De Galicia, remarked:"We have been working on
the Toxo airplane for 10 years, and over 20 aircraft are nowflying in
Europe. We are pleased to be associated with Mooney, who we believe
bestcharacterizes the traditional high-performance piston powered four
place aircraft.Mooney's reputation for high performance and value is
consistent with our corporateobjectives, so the affiliation is natural.
We plan to work closely with Mooney to adapt theToxo to the North
American market, and we think this is a breakthrough for us."Happy,
stated that the Toxo is built with the latest technology in materials
and aerospacetechnique. It is made of composite construction, and is an
ideal plane for both businessand holiday trips, with characteristics
such as ease of maneuvering, long range, short-field capability,
comfort, enhanced cockpit visibility, and superior cockpit arch. It
isavailable with engines from 80 to 180 HP. To ensure a safe and easy
flight, the Toxounderwent an exhaustive program of static, dynamic,
load, fatigue, and flight tests.The airplane, with a 120 HP engine, has
a maximum speed of 230 mph, a cruise speed of180 mph, a 10-hour range,
and a service ceiling of 14,000 feet.

More details about the Toxo are available at www.cag-sl.com, CAG's
website

FOR MORE INFORMATION: Contact Mr. Larry Hunter, Press relations Manager
orMr. Nicolas Chabbert, Executive Vice President, Mooney Airplane
Company, 830-896-6000, or visit our website, www.mooney.com