|SATM Breaking News!!!|
SatMAX and AvStar Aviation: Offering Solutions to Second Tier Aviators Nationwide
Companies:AvStar Aviation Group, Inc.SatMAX Corp.
Symbol Price Change
AAVG.PK 0.02 0.00
Press Release Source: SatMAX Corporation On Thursday February 25, 2010, 9:00 am
HOUSTON, TX--(Marketwire - 02/25/10) - SatMAX (Pinksheets:SATM - News) and AvStar Aviation Group, Inc. (Pinksheets:AAVG - News) announces that they have entered an important reseller agreement for SATM equipment. AvStar Aviation Group, Inc. is a public company acquiring Fixed Base Operation Facilities (FBOs), Maintenance Repair and Overhaul Centers (MROs), primarily at second tier airports in order to consolidate the acquired facilities under a single, recognizable brand of aviation maintenance contractors looking to offer superior services in smaller airports located near major metropolitan areas.
President and CEO Russell Ivy stated, "We look forward to saving money for our valued aircraft clients by utilizing SatMAX equipment to significantly reduce the cost of testing avionic communications equipment."
As partners, AAVG and SATM will be able to offer the full line SatMAX technology to AAVG's growing client list. SATM is a leading, global provider of wireless, non-line of sight, satellite communications equipment and services. SatMAX already has already filled corporate, commercial, and government orders; this partnership, however, will allow SATM to market directly to new sectors of the aviation industry such as: privately owned aircrafts and aircraft maintenance operations.
While AAVG maintains their company focus on all areas of aviation mechanics, maintenance and repair; the agreement with SATM allows for another conduit to move products and expand services. This agreement could prove to be a winning strategy for both companies. The plan is to build from their cumulative strengths to help SATM enhance brand expansion, fortify market experience, and increase overall exposure in the aviation sector.
About SatMAX :SatMAX� satellite communications repeaters have been tested and proven with all major branches of the U. S. Military and have been purchased by four major defense contractors. SatMAX� equipment has also been used by the world's the largest, most prestigious oceanographic research institute as an integral component in identifying and quantifying global ocean warming issues. For more information, please visit www.echosatcom.com or view our product information video at http://www.echosatcom.com/index.php/video.
About AvStar Aviation: AvStar Aviation Group, Inc. ("AvStar") has a main focus on acquiring, consolidating, and growing businesses in the aviation industry. Also, the company is focusing on acquiring and/or developing companies that provide products and services for the general aviation service business. For more information please visit, www.avstargroup.com
Forward-Looking Statements: Certain statements contained in this release issued by SatMAX Corporation (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.