LOS ANGELES, Feb. 28, 2011 (GLOBE NEWSWIRE) -- The Mundus Group (Pink Sheets:MNDP) has announced the acquisition of LKKO LLC ("LKKO"). LKKO will be a fully owned subsidiary of Mundus Group and along with its Goki Manufacturing Group ("GOKI"). LKKO and GOKI bring a state of the art CNC prototyping facility to the Mundus Group with over forty (40) years of experience in machining, fabrication and assembly providing custom, one-off short run and long run production capabilities.
"We are excited to have acquired the LKKO-GOKI Manufacturing Group with its CNC prototyping facility. Its strategic position in the Mundus Group will, in addition to building our patented ducted fan technology, also allow us to move forward with a broader offering of diversified industry sectors with products and sales spanning the movie production industry and high performance parts for the Off Road, All Terrain Vehicle and Motorcycle industries," stated Chairman Keith Field.
About 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). 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. with its acquisition Goki Manufacturing Group, a full service CNC prototyping and manufacturing facility, 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 advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.