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Microcap & Penny Stocks : Air Methods (airm) -- Ignore unavailable to you. Want to Upgrade?

To: Elliot Lepler who wrote (222)	1/20/1998 10:11:00 PM
From: Annie	Read Replies (1) \| Respond to of 877

every littl' bit helps... Air Methods Corporation Receives Follow-On Contract For U.S. Air Force Helicopter Project DENVER, Jan. 20 /PRNewswire/ -- Air Methods Corporation - Products Division (Nasdaq: AIRM) announced today that it has been awarded $772,000 in additional contracts. First is a follow-on contract from Sikorsky Aircraft Corporation for the manufacture of additional electrical system components in support of the U.S. Air Force HH-60G PAVE HAWK Helicopter Program. Second are new contracts from Papillon Grand Canyon Helicopters and Police Aviation Services Ltd. for Multi-Functional Interior Systems in support of the Boeing Explorer Helicopter. Deliveries are scheduled to begin in the first quarter of 1998 and completed by the fourth quarter of 1998. Manufacture of the systems and components will take place at Air Methods' facilities in Englewood, Colorado. "This follow-on contract affirms the credibility and reputation which the Products Division has established through previous performance on the UH-60Q and HH-60G helicopter programs. These awards continue to demonstrate our strategic focus of diversifying into complementary marketplaces by leveraging our core competencies. These are the first of several new business opportunities we anticipate receiving in early 1998," said Michael G. Prieto, Vice President of the Products Division. Based in Metropolitan Denver, Air Methods is a provider of state-of-the- art emergency medical transportation systems and services to hospitals and individuals throughout the United States. Air Methods also designs and manufactures multi-functional interior products and systems for commercial and government agencies, both domestically and internationally. These estimates constitute forward-looking information. Although such estimates are based on reliable information and past experience, operating results are affected by a wide variety of factors, many of which are beyond the control of the company. These factors include the level and timing of orders, funding approval, technological changes, competition and competitive pressures on pricing and economic conditions in the United States and worldwide.