Aerocast Significantly Increases Production Capacity; Retains Consultant, Issues Shares, Grants Options
(firmenpresse) - Aerocast Significantly Increases Production Capacity; Retains Consultant, Issues Shares, Grants Options
February 18, 2010: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; www.aerocastinc.com) announces that it has added additional aluminum and magnesium melting equipment to its Nogales, Mexico foundry, which will significantly increase the company’s production capacity. Bob Jamieson, president of Aerocast, states that “This will greatly assist us in meeting Aerocast’s aggressive growth targets for 2010”.
Aerocast has also entered into a consulting agreement with a consultant who has agreed to identify advisers who may be interested in considering the common stock of the company, introduce the company to such advisers and to institutional investors and assist in institutional financings.
Aerocast has agreed to issue a total of 50,000 shares at a deemed price of $0.30/share in settlement of an account owing and grant 100,000 options to a consultant exercisable for a two year period at $0.30/share.
About Aerocast Inc.
Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition. Aerocast’s senior management team has over 200 years combined experience in the aerospace foundry industry.
For more information, contact:
Raynard von Hahn, LLB
Chief Executive Officer
Tel. (480) 830-0848 ext. 108
E-mail: raynard.vonhahn (at) aerocastinc.com,
Website: www.aerocastinc.com.
Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Not for Distribution in the United States or to U.S. Persons.
If you would like to receive regular updates on Aerocast please send your email request to info(at)aerocastinc.com.
Leseranfragen:
Aerocast Inc.
Aerocast Inc.
4811 E. Julep 122
Mesa, AZ 85205
USA
Tel. (480) 830-0848
Fax (480) 830-4321
info (at) aerocastinc.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Datum: 19.02.2010 - 17:36 Uhr
Sprache: Deutsch
News-ID 12306
Anzahl Zeichen: 0
contact information:
Town:
Wien
Kategorie:
Business News
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