Hamilton Aerospace Announces Acquisition and Lease of Three JT8D-15A Engines.Business Editors TUCSON, Ariz.--(BUSINESS WIRE)--June 2, 2004 Renegade Venture (NEV.) Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : RDVN) today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Hamilton Aerospace Technologies, has acquired three JT8D-15A full QEC engines for immediate lease/purchase by Falcon Air Express Falcon Air Express was an airline based in Miami, Florida, USA. It operated charter services and wet-leasing of aircraft. Its main base is Miami International Airport[1]. Falcon Air sub-contracts for Venezuelan carrier Aeropostal Alas de Venezuela. (two engines) and immediate lease by Aero Micronesia Inc. dba Asia Pacific Airlines Asia Pacific Airlines may refer to:
John Sawyer, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Renegade and Hamilton Aerospace, commented, "This transaction is a perfect example of the type of business opportunities HAT can capitalize on now that Barron Partners has stepped in and provided equity capital for the company. This type of transaction represents an important new service that we can provide our customers, that at the same time builds our balance sheet and generates a solid return on investment for the company." About Renegade Venture Through its Hamilton Aerospace subsidiary, Renegade provides maintenance, repair and overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace holds a Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control (FAA) Part 145 Air Agency Certificate, which allows it to perform such services. Hamilton operates from facilities comprising about 21 acres located at Tucson International Airport. These facilities include hangars, workshops and other buildings. Notable Hamilton customers include United Parcel Service, Falcon Air Express, Jetran International, a Boeing Co. joint venture, Goodrich Corp., Pegasus Aviation, Ryan International Air, Northern Air Cargo and Asia Pacific Airlines. Renegade's member Web site is located at www.renegadeventurecorp.com. The Hamilton Aerospace Web site is located at www.hamaerotech.com. Except for the historical information presented, the above statements are "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 or regulations thereunder. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the airline industry, demand for Hamilton Aerospace's services, and competitive pricing pressures. In addition, other risks are detailed in Renegade's Form 10-KSB filed on April 15, 2003. These statements speak only as of the above date, and Renegade disclaims any intent or obligation to update them. |
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