TUCSON, Ariz., Aug. 28, 2003 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation, a public Nevada corporation (OTCBB:RDVN) announced today that its wholly owned subsidiary, Hamilton Aerospace Technologies, has agreed on two contracts with Falcon Air Express, a major charter operator, to perform heavy FAA-mandated "C" checks, including corrosion inspection and repair, mandated FAA airworthiness directives, as well as other client-required work on both a Boeing 727-200 and on a new addition to their fleet, a Boeing 737-300. The contracts are worth an additional $1.2 million to Hamilton.
Ian Herman, Renegade's Chairman and CEO, said Falcon Air is extremely pleased with the work performed by Hamilton Aerospace. Said Herman, "We have carried out extensive maintenance work on the Falcon fleet, this year, both on time and on budget, at our repair facilities at the Tucson International Airport. Through the company's dedication and commitment to performance, we have been awarded these contracts."
About Hamilton Aerospace Technologies
Hamilton Aerospace currently is Renegade's only operating subsidiary. Hamilton provides maintenance, engineering and modification services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace holds a Federal Aviation Administration (FAA) Part 145 Air Agency Certificate, which allows it to perform such services. Hamilton operates from facilities comprising about 21 acres located at Tucson International Airport. These facilities include hangars, workshops and other buildings. Notable Hamilton customers include Jetran International, United Parcel Service, a Boeing Company joint venture, Goodrich Corporation, DHL Worldwide Express, Pegasus Aviation, Ryan International Air, Space World and Falcon Air Express.
Renegade's member website is located at www.renegadeventurecorp.com, and shareholders and other interested persons are urged to join. Members receive the Renegade Aviation Newsletter, email alerts of press releases and SEC filings, and other great benefits. Membership is absolutely free and it only takes a couple of minutes to join at www.renegadeventurecorp.com/register.htm. The Hamilton Aerospace website is located at www.hamaerotech.com.
Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations thereunder. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the airline industry, demand for Hamilton Aerospace's services, competitive pricing pressures, and the availability of necessary financing. In addition, other risks are detailed in Renegade's Form 10-KSB filed on April 15, 2003. These statements speak only as of above date, and Renegade disclaims any intent or obligation to update them.
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