SOURCE: IO News Wire

IO News Wire

January 06, 2010 04:00 ET

(OTC: MNDP) Gaining Market Share in UAV Industry

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - January 6, 2010) - Mundus Group Inc (PINKSHEETS: MNDP) announced yesterday that they will be aligning themselves with Altitude Inc of Canada who will be using their 3D analysis software in AirStar's Vertical Take Off and Landing (VTOL) Unmanned Air Vehicles (UAV).

UAV's provide an efficient means of surveying remote, and possibly hostile, environments where traditional means are nearly impossible. The entire UAV industry is estimated to reach 13.6 billion dollars by 2014 as the use of them increases in all aspects surveying, homeland security, film and photography and military applications.

Traditional methods of surveying can include land crews numbering into the hundreds, with various equipment to survey an area. With 3D technology incorporated into an AirStar UAV, the cost is significantly reduced resulting in better imaging and more precise data.

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Other active stocks are Melco Crown Entertainment (NASDAQ: MPEL), Yingli Green Energy (NYSE: YGE) and US Airways Group (NYSE: LCC)

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