Successful Eurocopter trials position Scotty for accelerated growth

02 Sep 05 RNS


"In order to fund the additional working capital and costs incurred during the 6
week delay to the flight trials for the CH 53 programme, SCOTTY has secured a
convertible loan of £400,000 through a new facility provided by Headstart, with
the possibility for another £400,000 above that.

SCOTTY's directors believe that this facility could be repaid within the 60-day term of the loan if the delivery programme with Eurocopter proceeds as they anticipate."