SOURCE: NaeroDynamics, Inc.

March 16, 2010 07:55 ET

NaeroDynamics Provides Corporate Update and Prepares to Announce Details on Several Million Dollars in Contracts

CHICAGO, IL--(Marketwire - March 16, 2010) - Telecom circuit cost management specialists IE Telco Solutions Ltd. (IETS), a wholly owned subsidiary of NaeroDynamics, Inc. (PINKSHEETS: NDYN), is proud to announce that the company is now in the final stages of preparing to announce several million dollars in contracts. Several signed and pending contracts are greatly enhancing NaeroDynamics, Inc.'s intrinsic valuation moving forward.

Co-CEO's Lee Wiskowski and Doug Stukel explain, "It is with a great sense of pride and accomplishment that after many months of all round efforts, we are now in the position of being able to announce that we've secured multiple contracts with select Telcos and Telecom related companies that should be worth several million dollars. More complete details on these individual contracts will be forthcoming as soon as it is appropriate to do so."

Wiskowski and Stukel continued, "We'd also like to comment that we have secured removal of 'caveat emptor' by Pink OTC Markets, Inc. (formerly and to follow through on our promise of attaining 'fully compliant' status, according to Pink OTC Markets Inc. by its required disclosure statement tiers, we intend on filing our 2008 and 2009 unaudited financial statements in the very near future. Furthermore, we'd like to confirm that our current share structure as of December 31, 2009, is as follows: Total Authorized Shares: 150,000,000 Total Outstanding Shares: 72,282,909 Total Free Tradable Float: 5,914,270."

"These are very exciting times for the entire team at NaeroDynamics, Inc.," stated Wiskowski. He continues to say, "Doug and I encourage all interested observers to please take a few moments to visit our newly launched corporate website to learn more about our dynamic team as we prepare to propel NaeroDynamics, Inc. growth curve to the next levels throughout 2010 and beyond:"

About Us:

IE Telco Solutions Ltd (IETS), a wholly owned subsidiary of NaeroDynamics, Inc., specializes in managing and reducing telecoms circuit costs for Telcos and large enterprise. The Company offers a powerful combination of highly skilled and experienced telecoms professionals combined with a unique software application Enterprise Circuit Manager (ECM). ECM ensures full circuit lifecycle inventory control, significant data quality improvements, supplier invoice reconciliation, network optimization, and proven cost reduction.

Forward-Looking Statements:

Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the company's inability to accurately forecast its operating results; the company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the company's business. For further information on factors which could impact the company and the statements contained herein, reference should be made to the company's filings with the Securities and Exchange Commission, including annual reports on Form 10-KSB, quarterly reports on Form 10-QSB and current reports on Form 8-K. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • Contact Us:

    NaeroDynamics, Inc.
    Lee Wiskowski Co-CEO
    630 874 0862