Velocity Aircraft Receives Purchase Order for 20 Velocity XL-5?s

Milestone Continues Momentum Since Acquisition by Rocket Racing Composites Corp.

NEW YORK, Oct. 8 /PRNewswire/ -- Velocity, Inc., a leading manufacturer of home-built canard design airframe kits, today announced receiving a purchase order of 20 Velocity XL-5 aircrafts. Today’s announcement is the first major sales contract secured by Sebastian, FL-based Velocity, Inc., since their April 2008 acquisition by Rocket Racing Composites Corp., a division within Rocket Racing Inc., the parent company for the Rocket Racing League, the new entertainment sports league that combines the exhilaration of racing with the power of rocket engines.

Velocity’s XL-5 airframe is the same airframe being used for the Rocket Racing League’s Rocket Racers. The Velocity XL-5 is an easy to build, easy to fly, true high performance airplane with the ability to make 1000 NM + cross country trips while carrying up to five people and baggage in comfort -- at speeds in excess of 200 mph.

“This 20-plane order is the culmination of six months of hard work by the Velocity team,� said Scott Baker, president of Velocity, Inc. "Since the acquisition by Rocket Racing Composite Corp., there has been a lot of interest and feedback from the public in Velocity, Inc. contributing to many of the technology advances that are planned for the Rocket Racer models. These new developments in performance and comfort benefit Velocity owners who use their aircraft for personal and business travel.� Based on the current momentum, interest, and customer feedback Velocity is currently developing and designing two new models to be introduced in 2009.

For more information on Velocity, Inc. and Rocket Racing Composites Corp., visit www.velocityaircraft.com or www.RocketRacingLeague.com.

About Velocity, Inc.

Velocity Aircraft provides airframe parts and sub-assemblies, design support, and technical assistance to allow amateur aircraft builders a way to build their own 4-place, modern, high performance, and efficient general aviation aircraft -- known simply as "the Velocity". Celebrating its 20th-year of providing the "Wright" stuff, Velocity Aircraft has delivered over 675 Velocity aircraft kits to customers worldwide. Velocity Aircraft offers two cabin models with a wide range of available options. The factory and its associated Velocity Service Center are located in Sebastian, Florida. General aviation aircraft owners are turning to established companies like Velocity Aircraft to provide aircraft with exceptionally comfortable, 200-mph plus, long-range performance at a fraction of the cost of traditional certified aircraft models. For more information on Velocity Aircraft, please visit www.velocityaircraft.com.

About The Rocket Racing League®

Founded in 2005 by two-time Indianapolis 500 winning team partner Granger Whitelaw and X PRIZE Chairman and CEO Peter H. Diamandis, MD, the Rocket Racing League® (RRL™) is a new entertainment sports league that combines the exhilaration of racing with the power of rocket engines. To be held at venues across the country, the Rocket Racing League will feature multiple races pitting up to 10 Rocket Racers going head to head in a 4-lap, multiple elimination heat format on a 5-mile “Formula One�-like closed circuit raceway in the sky. For more information on the Rocket Racing League, please visit www.rocketracingleague.com.

    Media Contacts
    Paul Fusco
    Rocket Racing League
    (646) 275-2750
    paul@rocketracingleague.com

    John McCartney
    Attention
    (212) 201-7893
    john_mccartney@attentionusa.com