LOS ANGELES, July 23 /PRNewswire-FirstCall/ -- Mundus Group, Inc. announced it is targeting acquisitions in CNC Machine Business and Composite Design and Fabrication.
The Mundus Group, Inc. (Pink Sheets: MNDP - News) today announced that it is looking at acquisition targets in CNC Machine Business and Composite Design and Fabrication industries to complement its acquisition of AirStar and facilitate its ambitious plans to develop AirStar's aerial innovations into lucrative niche industries.
CEO Josef Obermeier points out, "These acquisition targets will bring further synergy to the Mundus Group and will allow us to keep the manufacturing of aerospace steel and aluminum parts as well as the composite carbon fiber ducted fan under our immediate production controls. It is important that we are able to focus our 3D design engineering programs on parts that we can prototype quickly and make immediate changes to a specific part's tolerance if necessary. The CNC and composite businesses that we are looking at have specific aerospace manufacturing capabilities with strong management and financials."
AirStar has been an innovator and world leader in Unmanned Air Vehicles and Remote Controlled Vertical Take off and Landing technology for the past 20 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.
About The Mundus Group, Inc.
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 industry segments.
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 global potential for change that offers economic protection and growth opportunities for investors.
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 advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
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