2005-01-26 Phoenix Fanjet Aircraft Program sparks interest! Noravcan Corp. of Calgary Alberta Canada, and owner of the Phoenix Fanjet Aircraft Program are pleased to announce that considerable interest has been shown regarding the purchase of it’s assets. William Cottrell, President of Noravcan Corp, indicated parties from China, Singapore, India, Great Briton, France and the United States have expressed their interest in the program and it’s assets at this time. Noravcan is currently responding to each party’s inquiries in a timely manner and will forward new developments in future press releases. The Phoenix Family of Aircraft consists of a two place Trainer/Sport Jet (Sigma), a four place Personal Jet (Magna) and a six place Cabin Design (drawing board utilizing 65% of the original tooling). The Sigma Jet designed by Dr. Stelio Frati, was created to provide a low operating cost solution to Ab-Initio Training for civilian and military jet pilots. The plane also has the potential to be a very cost effective trainer for retesting commercial jet pilots in “Upset Recovery.” The Magna Jet provides a low capital, cost effective four place jet aircraft for the general aviation market. Noravcan welcomes interested parties to contact the Director of Marketing at www.phoenixfanjet.net Contact: Bruce Halliwell 1-877-261-2197 *for North America only*

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