posted
LAWRENCEVILLE, Ga.--(BUSINESS WIRE)--Dec. 13, 2004-- American Utilicraft Corporation (OTC: AMUC) -- American Utilicraft Corporation (AMUC), is spinning-off Utilicraft Aerospace Industries, Inc., a newly-formed Nevada corporation, as part of an agreement with The Navajo Nation. The Navajo Nation will invest $34 million, pending legislative and other approvals, in exchange for a 25% stake in the new company. The funds will be used for Phase I FAA certification for the FF-1080-300 freight feeder aircraft. Upon completion of the transaction, existing shareholders of AMUC will receive one share of Utilicraft Aerospace Industries common stock for each share of AMUC held of record as of February 15, 2004 and non-management shareholders will own 24% of the new company. John J. Dupont, President and CEO of Utilicraft Aerospace Industries, and Darby Boland, Vice-President and General Manager of the new company, will own 51% of the company's common shares, as required by contracts with its chief customers.
Safe Harbor Statement
This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release involve risks and uncertainties and reflect the company's current views with respect to possible future events. Readers are cautioned that no forward-looking statement can be guaranteed and actual results or events may materially differ from those projected or anticipated. In particular, the following factors, among others, could cause actual results or events to differ materially from those described in the forward-looking statements: the company's ability to obtain and fulfill contracts for the sale of products, protect intellectual property rights and manage future growth; market acceptance of future products; product supplier delays; design and engineering certification delays or denials; and the introduction of similar products by competitors. Any forward-looking statement made in this press release is made as of the date of this press release, and the company assumes no obligation to update any such forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect the company's business.
posted
no i did not get in just yet but it had a couple of buys off this late news........so i would watch closely in the mornin' to see how it reacts.
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Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 54305
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 25% - Buy 50-Day Average Volume - 60794
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Sell 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 67% - Sell 100-Day Average Volume - 49550
Overall Average: 16% - Buy
Price Support Pivot Point Resistance
0.4200 0.3800 0.4100 0.4400
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