Mundus Group, Inc. an Aerospace Technology Consortium Announced It Is in Negotiations to Acquire Chapman Aerospace, a UAV VTO...
29 July 2011 - 9:01PM
Marketwired
Mundus Group (PINKSHEETS: MNDP) announced that negotiations were
underway to acquire Chapman Aerospace, a California aerospace
business. Chapman Aerospace has been an innovator involved in the
state of the art Remote Controlled (RC) UAV drone development since
2000. Chapman Aerospace previously worked with the U.S. Navy and
Mundus subsidiary, Roadable Aircraft Inc. between 2001 and 2004 as
a consultant for RAI on a UAV VTOL (Vertical Take Off and Landing
Vehicle) Ducted Fan Project under a 3 year Co-Operative Research
and Development Agreement at the Naval Air Warfare Center Weapons
Division in Point Mugu, California.
Since 2004, Chapman Aerospace has designed and built cutting
edge UAV technology with product sales and service for Hollywood's
motion picture industry, commercials, documentaries, real estate
development and infrastructure inspection.
About Mundus Group, Inc.:
The Mundus Group, Inc. (PINKSHEETS: 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 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 advice in the event of
any change, addition or alteration to the information catered in
this Press Release including such forward-looking statements.
Company Information: MNDP Mundus Group,
Inc. Tel: +1 (866)-990-1118 x1 Fax: +1 (805)-426-8888 3540 W.
Sahara Ave #1255 Las Vegas, NV 89102-5816 info@mundusgroupinc.com
www.mundusgroupinc.com
Investor Relations Tel +1(866) 990-1118 x4
ir@mundusgroupinc.com
Mundus (PK) (USOTC:MNDP)
Historical Stock Chart
From Feb 2025 to Mar 2025
Mundus (PK) (USOTC:MNDP)
Historical Stock Chart
From Mar 2024 to Mar 2025