All of the estate's rights, title and interests, if any, in the following: (a) approximately 59,450 shares of stock (the"NWFD Stock") in Nature's Wing Fin Design, LLC, a California
limited liability company ("NWFD"), (b) all fin patents and/or interests held by the Bankruptcy Estate (the "Fin Patent Rights"), (c) all wing patents and/or interests held by the Bankruptcy Estate (the"Wing Patent Rights") and (d) approximately 98% interest (the"NWAC Stock") in Nature's Wing Aerospace Company ("NWAC")
(all assets for sale are collectively referred to as the "Assets").

The sale of the Purchased Assets shall be subject to overbid. For more information regarding the overbid procedure, please contact the Trustee's counsel.

The sale shall be on an "as is" and "where is" basis without any representations and/or warranties subject to Bankruptcy Court approval and overbid. The current highest bids received for the Assets are as follows: (a) $150,000.00 cash for the estate's interests
in (i) the NWFD Stock and (ii) the Fin Patent Rights (collectively,"Fin Interests"); and (b) $20,000.00 cash for the estate's interests in (i) the Wing Patent Rights and (ii) the NWAC Stock (collectively, "Wing Interests"). The starting overbid for the Fin Interests shall be $160,000.00 with overbids being made in minimal increments of $1,000.00. The starting overbid for the Wing Interests shall be $21,000.00 with overbids being made in minimal increments of $1,000.00. In order to participate in the overbid procedure for the Fin Interests, a deposit in the form of a cashier's check or a money order made payable to the Trustee in the amount of $66,621.00 (the "Fin Deposit") must be submitted to the Trustee and/or her counsel at or prior to the hearing. In order to participate in the overbid procedure for the Wing Interests, a deposit in the form of a cashier's check or a money order made payable to the Trustee in the amount of $8,879.00(the"Fin Deposit") must be submitted to the Trustee and/or her counsel
at or prior to the hearing.

Hearing Information:
August 27, 2008, at 10:00 a.m.
U.S. Bankruptcy Court, Central District of CA
San Fernando Valley Division
21041 Burbank Boulevard, Ctrm 303
Woodland Hills, CA

Brad D. Krasnoff, Esq. or Scott Lee, Esq.

(213) 250-1800

In re Peter Thomas McCarthy

1:05-bk-18622-GM