Skycar for Sale

         Moller International Puts M400 Skycar Prototype Up for Sale

    DAVIS, Calif., Jan. 27 -- Moller International
(OTC: MLER) announced recently that its original four-passenger M400 prototype
Skycar is being offered for sale on eBay.  The auction is anticipated to start
on 31 January 2003.
    The Skycar is a new type of aircraft, which the Federal Aviation
Administration (FAA) calls a "powered lift" aircraft.  It is designed to carry
four average-size passengers and take off and land vertically (VTOL), while
being small enough to be driven on the street.  It is designed to fly at a top
speed of 380 MPH with a range of 900 miles.  The company believes that the
original flight-tested prototype will sell on eBay for over $2 million.
    The Skycar is a personal transportation alternative to the automobile.
Its development by Moller International (the "Company") required the
expenditure of over $200 million in today's dollars and 1+ million hours of
labor.  This M400 Skycar prototype first flew successfully in an early 2002
test flight followed by a press flight on August 26, 2002.  It is the first
and only M400 Skycar prototype and is being offered in its "as flown at the
press flight" condition with all systems intact including command software,
double redundant stability system, fly-by-wire controls and eight unique
Rotapower engines.
    The Skycar has been featured on major TV and cable networks including
World News Tonight with Peter Jennings, The Smithsonian Institute series
"Invention" on the Discovery Channel and recently as one of the "Ultimate Ten
Machines" on The Learning Channel.  It has also been featured as the cover
story on Forbes FYI, Popular Mechanics, Popular Science, USA Today and
numerous magazines and newspapers throughout the world.
    According to the Company's President, Dr. Paul S. Moller, the Skycar in
operation is remarkably well portrayed in Clive Cussler's recent novel
Atlantis Found where, after an extensive series of computer-controlled M400
Skycar maneuvers, his action hero, Dirk Pitt, remarks that as a pilot "I have
never felt so useless in my life."
    Construction of the next generation of Skycars is underway but there is
only one M400 Skycar prototype with its unique position as the harbinger of
future transportation.  The M400 prototype provided the company with the
demonstrated capability to produce a working, full-scale vehicle and generated
a great deal of valuable performance data.  The existing prototype is expected
to have great historical value in its present form and, because of this, the
company decided production-related changes should not be made on it.
Consequently the company is moving forward with the construction of production
versions of the M400.  The company anticipates that the capital raised from
the sale of the M400 prototype will help fund this effort.
    The prototype can be delivered in its one-seat test flight configuration
as flown or with four seats.  Potential buyers are cautioned that this is a
prototype model and considered an experimental aircraft.  It has not obtained
FAA certification and is subject to significant flight restrictions until
approved.  Further, the Skycar has not yet been approved as a road vehicle.
    Moller International is a fully reporting public company and holds over
50 patents in transportation-related technologies.  It has completed contracts
with the National Air and Space Administration (NASA), Defense Advanced
Research Projects Agency (DARPA), California Department of Transportation
(CALTRANS), US Army Research Laboratory, the US Navy and US Air Force.
    For more information about the Skycar, visit http://www.moller.com or to
participate in the auction once it is underway go directly to eBay
http://www.eBay.com and search for "Skycar."