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Aviation Insurance Services of Nevada, Inc. and American Utilicraft Team.


LAWRENCEVILLE, Ga. -- American Utilicraft Corporation (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
: AMUC AMUC Acta Mathematica Universitatis Comenianae ) has reconfirmed its appointment of Aviation Insurance Services of Nevada, Inc. ("AIS") to provide its current and future risk management & insurance services, as the FF-1080 Freight Feeder aircraft program moves from the design engineering phase into the prototype aircraft construction and flight testing program.

Michael German, Senior Vice President of AIS, stated: "We have been working with the AUC AUC

area under curve
 management team during the FF-1080 research and design development period and we are excited about continuing as a part of the AUC team, as its FF-1080 program takes off. We will be working closely with AUC during the next phase and with the aviation insurance marketplace in the US and overseas, particularly with the London and European aviation insurance underwriters."

Founded 27 years ago, AIS is the largest U.S. independently owned insurance brokerage firm specializing in risk management and brokering services for the aerospace industry, with 6 regional offices in the U.S. As an independent, it has the ability to bring the appropriate talents and capabilities of other independent "clients-first" firms, to its clients' risk management teams, as needed as needed prn. See prn order. .

Working with AUC's top management, AIS will be coordinating the AUC risk management program with a US partner, Hilb, Rogal & Hobbs and a London partner, the Benfield Group Benfield Group Limited is a reinsurance and risk intermediary based in London, England. It has been listed on the London Stock Exchange since June 2003 and is a constituent of the FTSE 250 Index. . These two firms are among the leading practitioners in their fields respectively, of general property & casualty and overseas aerospace insurance marketing.

About American Utilicraft Corporation

American Utilicraft Corporation was formed in 1990, to target the significant problem of addressing the overnight express, supply chain, e-commerce, and global third party logistics entities inability to provide effective "containerized con·tain·er·ize  
v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es
1. To package (cargo) in large standardized containers for efficient shipping and handling.

2.
" fulfillment and distribution in the short haul Short distance. Short haul implies traversing a small geographic area such as a few miles at most. Contrast with long haul. See line driver.  (or feeder) route segments of air cargo air cargo: see aviation. . The result of the Company's research and development is a new air vehicle, the FF-1080 Freight Feeder aircraft, capable of carrying standard industry air containers on short-to-medium range/medium density routes, and an integrated air cargo information system for the freight feeder market.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Forward-looking statements in this press release involve risks and uncertainties and reflect the company's current views with respect to possible future events. Readers are cautioned that no forward-looking statement can be guaranteed and actual results or events may materially differ from those projected or anticipated. In particular, the following factors, among others, could cause actual results or events to differ materially from those described in the forward-looking statements: the company's ability to obtain and fulfill contracts for the sale of products, protect intellectual property rights and manage future growth; market acceptance of future products; product supplier delays; design and engineering certification delays or denials; and the introduction of similar products by competitors. Any forward-looking statement made in this press release is made as of the date of this press release, and the company assumes no obligation to update any such forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect the company's business.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 7, 2004
Words:521
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