Tucson, Ariz., Oct. 23, 2002 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation, a public Nevada corporation (OTCBB:RDVN) announced today that its wholly owned subsidiary, Hamilton Aerospace Technologies, has been contracted by APB Winglets Company, LLC, d/b/a Aviation Partners Boeing, to provide ground and flight support for its B737-300 aircraft.
Aviation Partners Boeing, which is a joint venture between Aviation Partners Inc. and The Boeing Company (NYSE:BA), designs and manufactures highly specialized wingtip additions ("winglets") for retrofit onto the wings of older Boeing commercial jet aircraft. The winglets eliminate much of the aerodynamic drag that affects a wing without the winglet and also increases the wing's lift capacity.
John B. Sawyer, the newly appointed President of Hamilton Aerospace Technologies, said that, "This contract is a prime example of how the Hamilton staff's many years of experience in test flight support and experimental flight testing, combined with Tucson's famous flying weather, attracts many special programs to the facility."
Sawyer emphasized that, "Hamilton was organized only in May of this year, and few companies so young could have landed this contract with Aviation Partners Boeing. We believe this contract indicates the growing regard in which Hamilton is held and its distinction in the aviation industry, and we are very proud to have won it. From management down to the shop floor, we are dedicated to making Hamilton the gold standard in its field."
About Hamilton Aerospace Technologies
Hamilton provides maintenance, engineering and modifications for large passenger jet aircraft. Clients include scheduled and charter airlines, aviation leasing companies and government entities. The Federal Aviation Administration (FAA) on May 6, 2002, awarded Hamilton its own Part 145 Air Agency Certificate, which allows it to perform such services. Hamilton operates from leased facilities comprising about 21 acres located at the Tucson International Airport. These facilities include hangars, workshops and other buildings.
Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995, or by the Securities and Exchange Commission in its rules, regulations, and releases. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks include the economic health of the airline industry and concomitant demand for Hamilton Aerospace's services, competitive pricing pressures for Hamilton Aerospace's services, and the availability of financing to complete management's plans and objectives. In addition, other risks are detailed in Renegade's current report on Form 8-K filed on May 9, 2002. These forward-looking statements speak only as of the date hereof. Renegade disclaims any intent or obligation to update these forward-looking statements.
More information on this company can be found on eWorldWire's Online Newsroom at: