Pemco Aviation Group Hires Advisors to Pursue a Public Offering of Its Commercial Services Business on the AIM Market in London
January 24 2007 - 9:00AM
Business Wire
Pemco Aviation Group, Inc. (NASDAQ: PAGI), a leading provider of
aircraft maintenance and modification services, today announced
that it has engaged advisors to pursue a public offering of 100% of
its Commercial Services business on the AIM market in London. Pemco
intends to use the proceeds from the offering to pay off all of its
borrowings and to provide additional cash to fund its remaining
operations. The securities of the Commercial Services business have
not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements. This release shall not constitute an offer to sell or
the solicitation of an offer to buy any of these securities, nor
shall it constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is unlawful.
This press release contains forward-looking statements made in
reliance on the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements may
be identified by their use of words, such as �believe,� �expect,�
�intend,� �anticipate,� �estimate� and other words and terms of
similar meaning, in connection with any discussion of the Company's
prospects, financial statements, business, financial condition,
revenues, results of operations or liquidity. Factors that could
affect the Company's forward-looking statements include, among
other things: changes in global or domestic economic conditions;
the loss of one or more of the Company's major customers; the
Company's ability to obtain additional contracts and perform under
existing contracts; the outcome of pending and future litigation
and the costs of defending such litigation; financial difficulties
experienced by the Company's customers; potential environmental and
other liabilities; the inability of the Company to obtain
additional financing; material weaknesses in the Company�s internal
control over financial reporting; regulatory changes that adversely
affect the Company's business; loss of key personnel; and other
risks detailed from time to time in the Company's SEC reports,
including its most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. The Company cautions readers not to place
undue reliance on any forward-looking statements, which speak only
as of the date on which they are made. The Company does not
undertake any obligation to update or revise any forward-looking
statements and is not responsible for changes made to this release
by wire services or Internet services.
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