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 : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (24800)	8/12/2002 1:34:56 PM
From: Joe Copia	Read Replies (2) \| Respond to of 25711

BEWARE PRRF. It seems to me a BS press release . It has no bid and the ask is .0002. It's smells very scammy folks. Buy at your own peril.

To: Joe Copia who wrote (24800)	8/13/2002 9:02:39 AM
From: Joe Copia	Respond to of 25711

RDVN news! Renegade Venture's Hamilton Aerospace Technologies Inks Strategic Parts Alliance With World Jet Corp. Business Editors TUCSON, Ariz.--(BUSINESS WIRE)--Aug. 13, 2002--Renegade Venture (NEV.) Corporation, a public Nevada corporation (OTCBB:RDVN) announced today that its wholly owned subsidiary, Hamilton Aerospace Technologies, has entered into a strategic aviation parts alliance with World Jet Corporation based at Los Angeles International Airport in California. World Jet is a major company involved in aircraft spare parts and equipment acquisition and supply for large jets on a global basis, including all the world's passenger fleets. Ian Herman, Renegade's Chairman and CEO, said as part of the agreement, a director from World Jet will join the Hamilton Aerospace Technologies board of directors. "What this alliance means is that from the date of signing, Hamilton Aerospace will no longer do its own purchasing of parts and equipment," Herman said. "World Jet will take over those functions. The deal also will open up a $2 million credit line for Hamilton to purchase the spare parts it needs, which substantially improves Hamilton's cash flow and with the new buying power, we will be paying 25-percent less for parts and equipment than we were previously spending. What that means is an improved bottom line for our shareholders and for World Jet's shareholders." Ralph Garcia, Chief Executive Officer of World Jet, said the agreement also calls for his company to send certain parts from its inventory to Hamilton Aerospace for overhaul and repair at Hamilton's Tucson International Airport facilities. "Under the provisions of this agreement, Hamilton Aerospace will provide World Jet with 9,000 square feet of storage space at its maintenance and repair facility in Tucson," Garcia said. "This will enable World Jet to quickly transfer fast moving parts that Hamilton consumes. We are extremely pleased to have joined with Hamilton Aerospace in this venture." Separately, Herman said Renegade Venture and its Hamilton Aerospace Technologies subsidiary have appointed new auditors, Semple and Cooper of Phoenix, an alliance firm of New York City-based BDO Seidman, which has affiliates worldwide. About Hamilton Aerospace Technologies Hamilton Aerospace provides maintenance, engineering and modifications for large passenger jet aircraft. Clients include scheduled and charter airlines, aviation leasing companies and government entities. The Federal Aviation Administration (FAA) on May 6, 2002, awarded Hamilton Aerospace its own Part 145 Air Agency Certificate, which allows it to perform such services. Hamilton Aerospace operates from leased facilities comprising about 21 acres located at the Tucson International Airport. These facilities include hangars, workshops and other buildings. Hamilton's website can be found at hamiltonaerospacetechnologies.com. Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995, or by the Securities and Exchange Commission in its rules, regulations, and releases. These forward- looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks include the economic health of the airline industry and concomitant demand for Hamilton's services, competitive pricing pressures for Hamilton's services, and the availability of financing to complete management's plans and objectives. In addition, other risks are detailed in Renegade's current report on Form 8-K filed on May 9, 2002. These forward-looking statements speak only as of the date hereof. Renegade disclaims any intent or obligation to update these forward-looking statements. --30--bl/mi* CONTACT: Equity Capital Partners, Miami Rich Inza or Vicky Wright, 786/924-1660 ecpfinancial@aol.com KEYWORD: ARIZONA FLORIDA CALIFORNIA INDUSTRY KEYWORD: AEROSPACE/DEFENSE AIRLINES TRANSPORTATION BANKING GOVERNMENT MARKETING AGREEMENTS SOURCE: Renegade Venture Corporation