TUCSON, Ariz., Jan. 8, 2004 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation (OTCBB:RDVN) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies, has signed two "C" scheduled maintenance checks with Falcon Air Express. The total value of these two maintenance checks will be approximately $1,000,000. Both of these major maintenance checks will arrive in January and will be completed and booked during the 1st quarter.
John Sawyer, Renegade and Hamilton President, stated "We are delighted to start off 2004 with two C checks from Falcon Air Express. We are currently coordinating with Falcon's planning department and hope to be able to announce shortly a projection of all scheduled maintenance checks that Falcon plans to input into Hamilton Aerospace during 2004, which we anticipate will be valued at approximately $6,000,000."
Chief Operating Officer for Falcon Air Express, James Sprinkle, said "Hamilton Aerospace continues to return our aircraft to us on-schedule and on-budget. This has not always been our experience at other repair stations. So why would we even think of going anywhere else when we get such consistent quality and performance from Hamilton Aerospace?"
About Renegade Venture
Through its Hamilton Aerospace subsidiary, Renegade provides maintenance, repair and overhaul (MRO) 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. 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.