SOURCE: Mundus Group

July 29, 2011 07:01 ET

Mundus Group, Inc. an Aerospace Technology Consortium Announced It Is in Negotiations to Acquire Chapman Aerospace, a UAV VTOL Technology Provider

LOS ANGELES, CA--(Marketwire - Jul 29, 2011) - Mundus Group (PINKSHEETS: MNDP) announced that negotiations were underway to acquire Chapman Aerospace, a California aerospace business. Chapman Aerospace has been an innovator involved in the state of the art Remote Controlled (RC) UAV drone development since 2000. Chapman Aerospace previously worked with the U.S. Navy and Mundus subsidiary, Roadable Aircraft Inc. between 2001 and 2004 as a consultant for RAI on a UAV VTOL (Vertical Take Off and Landing Vehicle) Ducted Fan Project under a 3 year Co-Operative Research and Development Agreement at the Naval Air Warfare Center Weapons Division in Point Mugu, California.

Since 2004, Chapman Aerospace has designed and built cutting edge UAV technology with product sales and service for Hollywood's motion picture industry, commercials, documentaries, real estate development and infrastructure inspection.

About Mundus Group, Inc.:

The Mundus Group, Inc. (PINKSHEETS: MNDP) is an advanced aerospace technology consortium providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) since 1990 through its fully owned VTOL division, Roadable Aircraft International (RAI). Mundus is at the cutting edge of jet ducted fan technology and fuses state of the art design engineering and a prototyping facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies industry segments. From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. is developing revolutionary products with global potential for change that offers economic protection and growth opportunities for investors.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. MNDP has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions.

These statements reflect the MNDP's current beliefs and are based upon information currently available to it.

Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the MNDP's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. MNDP undertakes no obligation to update or advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

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