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CVSU:US
Conversion Solutions Inc
Conversion Solutions, Inc. and Georgia Aerospace Systems
Announces Formation of New Corporation
KENNESAW, Ga., Aug. 31 /PRNewswire-FirstCall/ -- Conversion Solutions, Inc. (OTC: CVSU) and Georgia Aerospace Systems (GAS), announces that the companies have entered into an agreement to form a new company called American International Smart Structures, Inc. (AISS, a Georgia Corporation).
"The formation of American International Smart Structures is just a sample of the vision of management from Georgia Aerospace and CVSU and we are very pleased to be participating. The contributed defense contract by Georgia Aerospace to AISS will ensure the profitability and success of this venture," stated Rufus Paul Harris, CEO, CVSU.
Ben Stanley, COO, CVSU stated, "This Venture is only the first of many that we are currently reviewing that will greatly enhance our shareholders value, help stimulate the economy by providing jobs to Americans and provide advanced security to America."
"Georgia Aerospace is excited about the 40% equity position of Conversion Solutions in this venture. The great leadership at Conversion will bring excellent financial credentials with their Wall Street knowledge and exposure to the new entity AISS," stated Dr. Thomas Mensah, inventor, CEO and Founder of Georgia Aerospace Systems.
"The investment dollars that this equity brings will allow AISS to grow organically as well as through acquisitions to help us explore tremendous opportunities in advanced composite structures for aircraft and marine applications as well as homeland security. The infusion of capital will allow us to execute our business plan flawlessly." Dr. Mensah continued, "In addition to the traditional areas as detailed in our business, we will be looking to expand into novel areas like advanced Nanotube composite structure manufacturing. The company will be providing contracted engineering services to the Department of Defense as well as embedded sensors for Homeland Security."
"The Pentagon is implementing Network Centric Operations (NCO) which involves linking all means of command, control, communications, computers, intelligence, surveillance and reconnaissance. Georgia Aerospace Systems and American International Smart Structures are postured to become a major technology provider in Network Centric Operations with products like embedded sensors. The technology will be compatible with the Global Information Grid to provide real time information to the war fighter," stated Major General John Phillips, head of Defense markets for Georgia Aerospace Systems.
About Conversion Solutions, Inc
CVSU is a diversified holdings corporation, which was formed to originate, fund and source funding for asset-based transactions in the private market. CVSU's main service will be to acquire, fund and provide insurance to target companies in the currently underserved $15,000,000 to $100,000,000 asset finance market. Our funding will enable our businesses to compete more effectively, improve operations and increase value. CVSU and WHSC are headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information, please visit us at www.cvsu.us or e-mail us at Harris@cvsu.us .
Subsidiaries and Projects
Calleo Gourmet Coffee, Live Mortgage Free, Federal Chamber of Commerce, Amruss Group, LLC and Forex West, InfinityOne, Inc., Point, Click and Dream, JOWEI Holdings Inc, Checkmate and Tserof Holdings Inc.
SOURCE Conversion Solutions, Inc.
CONTACT: Rufus Paul Harris, CEO of Conversion Solutions, Inc., +1-770-420-8270, or email, Harris@cvsu.us
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