Enstrom Situation
Those of us at Enstrom certainly suffered a shock when Steve Daniels was let go!. It seems that he got crossways with the ownership over Enstrom's needs for extra financing to support the expansion that we are presently going through. It was an unfortunate communications problem between him and the owners that got out of control and led to his downfall.
The good news is that owners are solidly behind the program and Enstrom is on firm footing financially.
Peter Parsinen is replacing Steve at the helm at Enstrom. He was Senior VP at Bell during their expansin several years ago and was the guy who recruted Steve originally; he had been advising Steve on the Sales and Marketing initiatives that we had recently undertaken.
The upshot of all this is that the expansion and improvements are moving forward just as they were. The increased orders have allowed Enstrom to add engineers to the staff so that we can go ahead with developing some of the product improvements that have fallen behind in recent years.
I think that you will see Enstrom emerging as a major player in the helicopter world, we will probably always be the smallest, but that will allow us to provide the individual customer support that we have been somewhat haphazard about in the past.