On June 4, 2002, about 1230, eastern daylight time, a Cessna 150M, N63591, registered to, and operated by Ormond Beach Aviation Inc., as a Title 14 CFR Part 91 instructional flight, crashed during takeoff/initial climb from the Ormond Beach Municipal Airport, Ormond Beach, Florida. Visual meteorological conditions prevailed, and no flight plan was filed. The aircraft incurred substantial damage, and the commercial-rated flight instructor and dual student received minor injuries. The flight was originating at the time of the accident. The flight instructor stated that he and his student were initiating a flight, so his student could practice soft and short field takeoffs and landings. He stated that the takeoff and initial climb were uneventful, with the engine developing full power, and that during the climb the student pitched the aircraft up excessively, and the airspeed decayed to near the stall speed. The instructor further stated that he then took control of the aircraft to avert a departure stall, pitching down to attain sufficient airspeed, but the aircraft would not climb sufficiently. As they approached some trees at the end of the runway, he said he steered the aircraft toward an area of lower trees, extending the flaps to 40 degrees, in an attempt to balloon over the trees, but the left main landing gear became entangled in a tree. The aircraft flipped over, coming to rest nearly inverted at the base of a tree, incurring substantial damage. An FAA Inspector responded to the accident, and conducted an examination of the accident aircraft. The inspector noted that there was extensive structural damage to the aircraft, and stated that he did not find evidence of any preaccident failures or malfunctions to the aircraft or any of its systems which would have caused the accident.