Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (14549)	8/26/1999 9:30:00 AM
From: Teri Garner	Respond to of 108040

ICGE gapping nicely ahead of coverage.

To: Kimberly Lee who wrote (14549)	8/26/1999 9:40:00 AM
From: LANCE B	Respond to of 108040

MGLN- BOUGHT ON NEWS AFTER THE BELL YESTERDAY.. (COMTEX) B: MAGELLAN TECHNOLOGY, INC. ANNOUNCES MAJOR MILITARY AVIATI B: MAGELLAN TECHNOLOGY, INC. ANNOUNCES MAJOR MILITARY AVIATION LOGISTICS SUPPORT CONTRACT DRAPER, Utah, Aug 25, 1999 /PRNewswire via COMTEX/ -- Today Magellan Technology, Inc. (OTC Bulletin Board: MGLN) announced that its wholly owned subsidiary SkyHook Technologies Inc., (STI) was awarded a major Military Aviation Logistics Support Contract. After a 2-1/2 year pursuit, Skyhook Technologies, Inc. was awarded asole source Indefinite Delivery/Indefinite Quantity Logistics Support Facility (LSF) contract plus a Facilities Use contract, with a contract ceiling value of $48 million. The period of performance is for 6 years, which includes three option years. The scope of work provides a broad spectrum of opportunities ranging from general aviation modification and repair, vehicle and watercraft maintenance, engineering services, manufacturing and production, etc. The experience of our key leadership, based on a different yet similar contract, leads management to believe that the company should reach the $48 million contract cap by year three. The government has the ability to increase the contract cap to match prospective workload. The contract award is a credit to the excellent leadership and talent assembled within Magellan/SkyHook over the past several years. SkyHook has three missions: 1. Establish a multi-million dollar annual revenue aviation modification and general services business through its Logistic Support Facility contract. 2. Become the leaders in external rotary wing lift enabling devices. 3. Identify and acquire emerging technologies that expand the capabilities and potential of SkyHook for future growth. Magellan Technology, Inc. is the holding company for subsidiaries serving Health Care and Aviation Industries. Magellan Technology, Inc. employs talented and innovative personnel who develop and market leading edge technologies in their respective marketplaces. SOURCE Magellan Technology, Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Reed Steiner or Jacob Carter, Shareholder Relations, Magellan Technology, Inc., 801-495-1188 WEB PAGE: skyhook.com GEOGRAPHY: Utah INDUSTRY CODE: ARO HEA AIR SUBJECT CODE: CON OTC * end of story *