The first product of the new company was the 29-1, a tandem seat cabin monoplane with a high wing, large windows and a 100 hp Kinner engine. It looked a great deal like a Curtiss Robin; not surprising because Henry Berliner had hired some men away from Curtiss. Temple Joyce first flew the 29-1 in August of 1929. Sales prospects looked good. Two and a half months later, the stock market collapsed. Berliner/Joyce set the 29-1 aside and concentrated on a more promising military contract for the XFJ-1, a Navy carrier fighter, a contract they had gotten in May of that year.