US Stock Market - UP On the NEWS...AZAA
BREAKING NEWS - TUCSON, Ariz.--(BUSINESS WIRE)--Arizona Aircraft Spares, I=
nc. (OTCBB: AZAA) - one of the leading military aircraft spare parts manuf=
acturers - announces it has signed a letter of commitment with Wolfe and T=
urner Investments to obtain a 6 million dollar non-equity asset-backed loa=
n. The loan would have a ten-year term with a 25-year amortization schedul=
e. AZAA is currently completing the due diligence phase and anticipates th=
at funding will occur prior to December 1, 2003.
Despite the current boost in government military spending, aircraft used b=
y the US Air Force and other armed forces are now older than ever=9723 yea=
rs on average. B-52's are older than their pilots, with no plans to build=
new bombers for the next 10 years. Result: Aging aircraft require ever-i=
ncreasing amounts of expensive maintenance, repairs and replacement parts.=
Arizona Aircraft Spares' market potential is measured in billions of dolla=
rs. The company works directly with the U.S. Government and other internat=
ional world governments. The proposed U.S. military budget alone is 399.1 =
billion-dollars, of which twenty-five percent is allocated for spare parts=
and ground support systems.
Arizona Aircraft Spares focuses exclusively on manufacturing military airc=
raft spare parts. The majority of the company's business comes from the U.=
S. Government =96 the Army, Navy and Air Force branches of the U.S. Milita=
ry. Working with the U.S. Military represents the least cash intensive gro=
wth strategy for the company, as the government systematically pays within=
30 days after the company has shipped the product. Furthermore, Arizona A=
ircraft Spares is eligible for the =93Progressive Payment=94 program where=
by the company can collect upwards of 80% of the contract's total value pr=
ior to completion of the contract.
AZAA has worked with over 20 international governments and continues to ma=
intain international clients apart from the U.S. Government. All other ord=
ers are required to put an upfront deposit on all contracts awarded. Arizo=
na Aircraft Spares as a public company can take full advantage of the oppo=
rtunities in the international markets with enhanced liquidity to execute =
larger international projects.
Arizona Aircraft Spares, Inc. works primarily with the U.S. Government, fo=
cusing exclusively on the Army, Navy and Air Force branches of the U.S. Mi=
litary as well as foreign ally countries. The company receives its contra=
cts from the Department of Defense Logistics Services located in either Ri=
chmond, Virginia or Columbus, Ohio. These two sites represent the central =
purchasing group for U.S. Government military contracts, and the point of =
origin for all U.S. military bids and contracts.
On average, Arizona Aircraft Spares receives over 600 requests to bid on U=
S. military spare parts every week. Occasionally, Arizona Aircraft Spares=
receives orders from other U.S. Government Prime Contractors, such as Boe=
ing and Northrop Grumman. This typically happens in situations when these =
companies surmise that Arizona Aircraft Spares can provide the spare parts=
at a better cost efficiency than them.
To find out more, go to: http://www.arizonaaircraftspares.com
AZAA IS IN NO WAY associated with this newsletter.
This is for information puposes only. Penny stocks are considered to be hi=
ghly speculative and may be unsuitable for all but very aggressive investo=
rs. We do not hold or plan to hold a position in this stock. This Profil=
e was a paid advertisement by a third party not affiliated with the profil=
ed company. We were compensated 3000 dollars to distribute this report on=
ly. Please always consult a registered financial advisor before making any=
decisions. This report is for entertainment and advertising purposes onl=
y and should not be used as investment advice.
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