ROL NEWS--RCS to Enter Hobby Rocket Motor Market

ROL News · 2004-01-28T21:40:06+00:00

RCS to Enter Hobby Rocket Motor MarketJanuary 28, 2004Web posted at: 4:36 PM EST(ROL Newswire) -- RCS Rocket Motor Components, Inc. is announcing its intention to enter the single-use and reloadable motor market for model and high-power rocketry. As a result of the October 2001 AeroTech fire, and in order to prevent fire claimants from interfering with the future operations of the business, the assets of AeroTech and Industrial Solid Propulsion (ISP), Inc. had to be offered for sale in a bankruptcy auction. All proceeds raised from this sale will be used to pay creditors and fire claimants, after costs and expenses. An auction for the assets of AeroTech and ISP is currently scheduled for February 25, 2004 in federal Bankruptcy Court in Las Vegas at 1:30 PM. RCS has made an opening offer to purchase all the assets of the business. If RCS wins the auction, the existing AeroTech product line will continue to be manufactured and sold under the "AeroTech Consumer Aerospace" brand by RCS, with the same management and production team currently employed by AeroTech. If RCS does not win the auction, the company has made contingency plans to enter the market with a series of product offerings that are sure to be a hit with co

Jan 28, 2004 22 Replies

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Stephen Corban 22 years ago

Rosenfield Consulting Service

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Don't you know 22 years ago

Sometimes you don't know what you got till it's gone. Ever see the This Old House where Tommy's brother looses his house? His daughter had video taped the whole place a few months before, opening every drawer and looking every nook and cranny, to send to a friend who moved away. With all the collectables, dang lucky to have that tape.

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