Rocketry Planet

CEDAR CITY, Utah USA — An auction of both the intellectual and physical assets of AeroTech and Industrial Solid Propulsion was held today before a United States Bankruptcy Judge (Friday, April 2, 2004).

After several breaks for discussion and deliberation, just after 11:00 am the judge awarded the sale of AeroTech's assets to the high bidder in the auction, RCS Rocket Motor Systems (owned by Gary Rosenfield).

AeroTech stated it will continue business with no interruptions and intends to be able to increase production in the near future for the 2004 flying season.