Freedom Grill, Inc. Completes Merger with Exosphere Aircraft Co., Inc.

POWAY, Calif.--Freedom Grill, Inc., which designs and provides innovative products and accessories for the tailgating, camping and outdoor activities markets, reported today that it has completed its merger with Exosphere Aircraft Company (Pink Sheets: EXSA).

“With the merger completed we can now turn our attention to the opportunities in front of us”

Concurrent with the closing, Steve Caliguri, President of Freedom Grill, was named CEO and Chairman of the new entity. He has more than 20 years of product development experience and success in bringing innovative products to market in both the consumer market place and the wireless communications industry. His extensive background is expected to enhance the success of Freedom Grill and its ability to execute on its objectives.

"With the merger completed we can now turn our attention to the opportunities in front of us,�?? said Mr. Caliguri. “We are excited about the prospect of this merger and becoming a publicly traded company.

“We look forward in the coming weeks to announcing appointments to our board of directors, who will help guide the execution of our business plan. This merger will enhance Freedom Grill's opportunity to launch new products, gain additional brand recognition and greater market share, and increase shareholder value,�?? Mr. Caliguri concluded.

About Freedom Grill

Freedom Grill, Inc., founded on July 4, 2002, designs and provides innovative products and accessories for the tailgating, camping and outdoor activities markets. The Company has combined the sizzle of the fast growing specialty automotive aftermarket with America's hunger for better cooking indoors and out. Headquartered in Poway, California, the Company's innovative market entry product, the Freedom Grill FG-100(TM), was an easily transportable, high-performance gas grill designed for the Extreme Tailgating crowd. The FG-50 "ride outside" tailgating grill was the first grill designed specifically to look and perform great on the back of a vehicle as well as a tabletop or cart. The grills mount to any standard tow hitch for maximum versatility. With the barbecue grill mounted outside the vehicle, there's more room inside for gear, food, or passengers. The swing away arm and high quality gas grills make Freedom Grills the ideal accessories for trucks, SUVs and RVs. The FG-50 grill is now marketed under the Margaritaville brand name through a licensing deal with Sunbeam, Jarden Consumer Products. Freedom Grill continues to sell accessories and trailer sized tailgating grills under the Freedom Grill brand name and is planning the release of a new grill later this year.

With "The Official Grill of Tailgating(TM)", cooking outdoors has never been more convenient. Freedom Grills are perfect for tailgating, camping, fishing & hunting, and even home grilling on decks, patios, or backyards. For real barbecue aficionados Freedom Grill even offers an award-winning line of Fire Brand Grilling Sauces. The Company's products are sold through specialty BBQ retailers, sporting goods stores and hardware stores. For more information on Freedom Grill, Inc., please visit the Company's website at www.freedomgrill.com

Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the Merger with Freedom Grill are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, our ability to complete the Merger, the ability to coordinate the management of EXSA with that of Freedom Grill, the continued operation of Freedom Grill, costs of operations, continued maintenance of Freedom Grill, risks and effects of additional governmental regulations, future financial and operational results, competition, general economic conditions, and the ability to manage and continue the growth of Freedom Grill.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the Pink Sheets. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.