Epiphany^™ FLYING CARpet

Applied VTOL Concepts is seeking personal and corporate VIP Sponsors to help underwrite the continuing development of the Epiphany FLYING CARpet. Your cash, or “in kind” donation, will be used to help offset actual research and development costs incurred. Your donation will NOT be used to pay salaries or other benefits to the principals of the company. The company’s books and records will always be open for inspection by VIP Sponsors.

You will be part of a small, dedicated group of visionaries instrumental in the development of the world’s first, practical flying car. As a company VIP Sponsor, you will be invited to all development milestone celebrations, official press gatherings, and private demonstrations. Only with your approval, your name, or your company’s name, will be listed and publicized as an early VIP Sponsor of the project, or if you so choose, your name will be kept confidential. If the company offers an investment round in the future, you will receive a 20% discount on the share price for any funds you may choose to invest, subject to SEC and legal investment eligibility requirements. Lastly, you will have the satisfaction of knowing that you helped support a remarkable undertaking, made in the USA, and with the potential of changing the way people travel. There may also be other future benefits to becoming a VIP Sponsor at this time.

The short answer is no. Think of your sponsorship as a gift. The company may choose to offer investment opportunities in the future and VIP Sponsors will have the first right of refusal. Accordingly, your donation will not be tax deductible, but it may be eligible as a bona fide business advertising expense having your company’s name shown on the aircraft, NASCAR style, subject to meeting certain donation levels. This document is not an offer to sell securities in the company.

You may become a VIP Sponsor by donating any amount of $50,000, or more. You will execute a simple Sponsorship agreement, and receive a receipt for your donation along with a certificate identifying you as a VIP Sponsor in the development of the Epiphany FLYING CARpet. The company is currently seeking VIP Sponsor donations totaling $500,000 to $750,000, in aggregate, to continue forward with the development work.

I am a visionary, an innovator, an engineer, a designer, an entrepreneur, a doer, and former Naval Aviator. As an award winning CEO and serial entrepreneur over the last 40+ years, I have been principally involved with numerous companies providing my unique combination of hands-on management, leadership and vision. Michael Moshier

Included in these was Trek Aerospace, the company I founded, which received a $5 million award from DARPA and support from NASA Ames, culminating in my company receiving Time Magazine’s Invention-of-the-Year Award for the Solo Trek XFV aircraft that I designed, and which my company developed. Separately, Talus Corporation, a 300 employee, contract manufacturing company that I headed up as CEO, received the honor of being listed in the San Jose Business Journal as one of the Top 100 Fastest Growing Privately-Held Companies – two years in a row!

Currently, as Chief Executive Officer & Chief Technical Officer of Applied VTOL Concepts, I spearhead the development of the Epiphany FLYING CARpet which I envisioned, and designed – a 20-year effort. My background in aerospace engineering and VTOL aircraft design is supplemented by my earlier service as a U.S. Navy jet pilot, along with my more recent piloting experience in both fixed-wing aircraft and rotary-wing aircraft.