LOS ANGELES, July 15 /PRNewswire-FirstCall/ -- The completion of its highly regarded acquisition will allow Mundus Group (Pink Sheets: MNDP - News) to expand AirStar with new divisions in lucrative niche markets. It is expected that these new divisions will provide several new revenue streams from anticipated business, which AirStar International has previously developed and flourished among the UAV VTOL elite by word of mouth for over 25 years.
Josef Obermeier, President of the company, commented, "We are focusing several new divisions that will increase revenue streams and provide market driven sales and services in distinct and unique business areas without competition. AirStar is currently in negotiations with US Federal agencies undergoing feasibility tests for a major order, which would have taken all of AirStar's resources to fulfill. Mundus Group as parent company is heading for the robust Frankfurt Exchange and expects funding to provide expansion with a dedicated Aerial Surveillance division business, Air Intel Systems with other divisions to be announced weekly.
AirStar International has defined lucrative niche markets in UAV VTOL services and sales and Mundus Group is committed to this departmental expansion necessary to fulfill AirStar pending government contracts.
History
The relationship began almost eight years ago with Mundus subsidiary, Roadable Aircraft Inc. (RAI) contracting AirStar's Josef Jobstol as a UAV technical consultant during a three year Cooperative Research and Development Agreement (CRADA) with the US Navy and RAI at Point Mugu Naval Base between 2001 and 2004. Mr. Jobstol helped build the Navy co-developed UAV and was instrumental in the further development of a full cyclic flight control system within a ducted fan that successfully flew under tethered flight tests. AirStar has been an ally and a strategic partner ever since.
2004 RAI was awarded a US Patent for a VTOL ducted fan Flying Car. That became the evolutionary next step towards Roadable Aircraft's VTOL Flying Car development with 3 prototypes since 1990 and a Best Invention of the Year award at the Discovery Channel Invention Convention in 1993.
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.
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+1 (877) - 277-8171
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.
Internet: www.mundusgroupinc.com
Company Information:
Mundus Group, Inc.
3540 W. Sahara Ave #1255
Las Vegas, NV 89102-5816
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+1 (805)-416-5030
Fax: +1 (805)-426-8888
Email: info@mundusgroupinc.com
Investor Relations:
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+1(877) - 277-8171
Email: ir@mundusgroupinc.com