Company SnapShot
Stock Symbol:
MNDP
Ask:
$N/A
Bid:
$N/A
Last Trade:
1:19pm - 0.029
Recent Price:
$0.029
Volume:
184,267
Market Cap:
1.6M
Company News

LOS ANGELES, Dec. 7 /PRNewswire-FirstCall/ -- Mundus Group, Inc. (Pink Sheets: MNDP - News) has expanded operations in order to exploit opportunities to increase ongoing revenue from its wholly owned AirStar International subsidiary business. Mundus Group has added sales resources, targeted lucrative niche market applications, increased manufacturing capabilities, streamlined back office functions, and expanded its corporate headquarters to drive growth and revenue.

Josef Obermeier, CEO of Mundus Group, commented, "Newly acquired subsidiary AirStar International has built a remarkable business, providing unmanned air vehicles for a wide range of customers including government agencies, television and film studios and aerial surveillance companies. AirStar's sales to date have come from word-of-mouth referrals based on its proven, 20-year track record. Mundus Group is working with AirStar to deliver the marketing, sales and corporate expertise needed to take AirStar's business to next level. We are seeing the results in increased sales, new contacts with potential customers, new co-development opportunities and increased market awareness that we believe signal significant growth and increased value for Mundus shareholders."

Mundus Group acquired AirStar International in July 2009. AirStar is a world leader in the design, engineering, production and sale of remote controlled Vertical Take Off and Landing (VTOL) Unmanned Aerial Vehicles (UAV's). In its 20 year history customers have included various government agencies, numerous movie and TV studios, and many other companies. AirStar delivered twelve state of the art Weather System UAV drones to Texas, Louisiana and Gulf Coast government agencies for hurricane observation and early warning systems. As announced in our October press release, recent sales include an initial purchase of seven camera ships from Aero Desportes of Ecuador for the filming of movies and aerial footage of sporting events.

Mundus Group and AirStar have identified four niche industry applications with immediate potential for increased revenue. The company has formed divisions, added sales staff, and focused marketing and sales efforts on aerial surveillance, search and rescue, environmental monitoring and filming applications.

The company has also increased its manufacturing capabilities. As announced last month, AirStar has purchased a Computer Numerical Code (CNC) Machine which will enable in house prototyping/manufacturing of machined aircraft aluminum and steel parts. The company can create, validate, optimize, and manage designs from the conceptual design phase through the manufacturing process. With the ability to produce actual prototypes in-house, AirStar can visualize and simulate real-world performance of the design, accelerating the process.

To accommodate increased sales and manufacturing activities Mundus Group and AirStar have expanded their corporate headquarters in Moorpark, California. The company added 1600 square feet of office and shop space effective December 1, 2009.

About Mundus Group, Inc. (Pink Sheets: MNDP - News)

The Mundus Group, Inc. (MNDP) is an advanced aerospace technology consortium providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) since 1990 through its fully owned VTOL division, Roadable Aircraft International (RAI). Mundus is at the cutting edge of jet turbine-ducted fan technology and fuses state of the art design engineering and a prototyping facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies. From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. is developing revolutionary products with real world applications.

About AirStar International Inc.

AirStar has been an innovator and world leader in Unmanned Air Vehicles and Remote Controlled Vertical Take Off and Landing technology for the past 25 years in the design, engineering, development, production and sales of cutting edge remote controlled (RC) unmanned air vehicles (UAVs) for US military, international government and civilian surveillance services, fire and rescue departments as well as world renowned aerial cinematography for movie and commercial production, aerial photography and laboratory / product data testing.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. MNDP has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions.

These statements reflect the MNDP's current beliefs and are based upon information currently available to it. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the MNDP's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. MNDP undertakes no obligation to update or advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

    Mundus Group, Inc.                    Investor Relations
Tel: +1 (866)-990-1118
Fax: +1 (805)-426-8888                ir@mundusgroupinc.com
3540 W. Sahara Ave #1255
Las Vegas, NV 89102-5816
info@mundusgroupinc.com
www.mundusgroupinc.com