HICKORY, Ky., Sept. 12, 2006 (PRIMEZONE) -- A succession of key moves in early 2006, including physical relocation of operations to Kentucky and a change in senior executives, has repositioned Mundus Group, Inc. (Pink Sheets:MNDS) to align the company more closely to its mission and goals of acquiring companies with talented management and undervalued operations.
The filing of Mundus Group's Information Statement 15c-211 with Pink Sheets, LLC, in August reflects the company's positive advances. Subsidiaries of Mundus Group currently exist of two diverse businesses: Roadable Aircraft International and Twin Hills Inc., which evolved from Twin Hills Acquisition Inc. in February.
To drive the business of Roadable Aircraft, executives of Mundus Group selected the consulting firm of Washington, D.C.-based Wingate, Carpenter and Associates in February. The specialty of the firm lies in its ability to market to critical decision-makers within the federal government. The arrangement follows on the heels of Roadable Aircraft's successful acquisition of U.S. patent No. US6457670 in 2002 and subsequent completion of a three-year U.S. Navy Cooperative Research and Development Agreement (CRADA) in 2003.
Twin Hills Inc., traditionally handling fulfillment operations, has been working to more fully expand into business process outsourcing. Its facilities in Hickory, Kentucky encompass a 61,000 square foot facility where concurrently, research, development and prototype assembly of the Roadable Aircraft's vertical and take-off vehicle is underway.
Since taking office in May, President and CEO, Steve Halsell, has focused his attention on increasing recognition of the Mundus Group's activities. Along with repurposing the company's resources to streamline production, Halsell has been aggressively pursuing communications of the company's vision to the public, to the media and to shareholders.
Joining Halsell in the drive to achieve company objectives, Debbie Kaufman of Kentucky has taken on the role of CFO, while Ronda Howard, also of Kentucky, has taken on the role of COO. Other leadership movements included the appointment of Joseph Cordi of California as Board Chairman, which he consequently transferred from into directorship, permitting Keith Field, also of California, to step into the role of Board Chairman.
The most recent significant advancements made to operations are:
-- Hiring of a new transfer agent for the company, Transfer Online
(www.transferonline.com) of Portland , Ore.
-- Agreement with J.H. Darbie & Co. (www.jhdarbie.com) to become the
company's Investment Banker and Financial Advisor firm.
-- Retention of Robert C. Laskowski of Portland Oregon as corporate
counsel.
Additional detailed information is available by contacting Steve Halsell at (270) 856-2278.
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