AeroGroup (fka AROU)

[Dream]

Assets Acquired


The AeroGroup Assets to be acquired by the Company include:
· Two MiG 29 “Fulcrum” fighter aircraft, which were recently appraised at $2,800,000 each (pre-modification);

· Four Singer Link tactical jet simulators, and related equipment, recently appraised at $285,000 each (pre-modification);

· Assignments of copyrights to a specialized F-16 Fighter Aircraft training course syllabus, specially created by AeroGroup in training pilots to use this aircraft’s Flight Control Navigation Panel;

· Assignments of Provisional applications for “utility” patents filed relating to methods of operational training uses of fighter aircraft by civilian corporations of these type of military aircraft for training of military personnel, specifically F-16, Pat. Pend. 60805870; Kfir, Pat. Pend. 60805885; A-4 Skyhawk, Pat Pend. 60805877; and MiG 29, Pat Pend. 60805888;

· Rights as assignee under various contracts and sub contracts to provide combat, primary and other flight training as well as training research, in the F-16 and various other types of aircraft to military personnel of the US Armed Forces and to the armed forces of certain NATO aligned companies (the “Training Contracts”); and

· Assignment of leases relating to hangers and facilities currently occupied by AeroGroup at the Grayson County Airport in Grayson, Texas.



It is intended that the AeroGroup Assets will be used by the Company in connection with training military pilots in both “basic flight training” and for “combat flight training”. The Company will focus on use of the MiG’s and other training assets to provide U.S. and NATO military pilots with a “real life” opportunity to train against threat-type aircraft, the performance and flight characteristics of which are superior in some respects to those of U.S. and NATO fighter aircraft.


In addition to the training contracts to be acquired, the Company intends on negotiating and developing additional contracts to provide flight training, combat and readiness training and general civilian flight support for U.S. military aircraft in the United States (such as fuel, maintenance and ground support).

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D06...