Aviation Distributors Inc. Announces Major Expendables Contract With KLM Royal Dutch Airlines.Business Editors LAKE FOREST, Calif.--(BUSINESS WIRE)--Dec. 6, 2000 Aviation Distributors Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADIN Adin (ā`dĭn), in the Bible, family that returned from Exile. ), a leading aircraft parts redistributor and provider of inventory management services to major commercial airlines worldwide, announced the signing of a contract for providing expendable aircraft parts that have been identified and agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy by Aviation Distributors and KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) Royal Dutch Airlines. The scope of the contract could include as many as 4,600 line items, and the company expects the contract to generate significant incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. annual revenue. The effective date of the one-year renewable contract is Dec. 1, 2000. Commenting on the contract signing, William D. King, Chairman and Chief Executive Officer of the Company, remarked, "We are pleased to expand our ongoing relationship with KLM, a global leader in the airline industry. The execution of this agreement is an important step in accelerating the growth of our company. We will continue our efforts to secure contracts that can generate additional revenue for the company." About Aviation Distributors Inc. Aviation Distributors Inc. is one of the world's 10 largest aircraft part redistributors and inventory management service providers to major commercial airlines worldwide with agents in the U.S., U.K., throughout Europe, Australia, India, Jordan, Indonesia and Chile with its headquarters in Lake Forest, Calif. Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company's actual results and financial position could differ materially from those anticipated in the forward-looking statements as a result of a number of factors, including but not limited to, the price, and availability of aircraft parts and other materials, successful execution of the Company's expansion plans, impact of competition, the availability of additional financing and other risks and uncertainties described fully in the Company's Form 10-KSB filed with the Securities and Exchange Commission. Copies of the most recent 10-KSB are available from Aviation Distributors' Investor Relations Investor relations The process by which the corporation communicates with its investors. department. |
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