TUCSON, Ariz., Feb. 12, 2004 (PRIMEZONE) -- Renegade Venture (NEV.) Corporation (OTCBB:RDVN) today disclosed that its wholly owned subsidiary, Hamilton Aerospace Technologies, has inked another "C" scheduled maintenance check with Falcon Air Express as part of the previously announced 2004 General Terms Agreement between the two companies. The aircraft, a Boeing 727-200, has arrived at Hamilton Aerospace's facility and work will begin immediately. The total value of this maintenance check will be over $600,000 and will be completed and booked the first quarter of 2004.
John Sawyer, Renegade and Hamilton President, stated "We love this type of repeat work that we are receiving on a scheduled basis from Falcon Air Express, because it allows us to plan and perform well on each job as it comes in. Falcon is one of our best customers, and we are committed to consistently providing to them the level of reliability and quality service that will keep them coming back to us year after year."
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.