Mundus Group, Inc. (MNDP) announces new course of action to investors with letter from CEO / President
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As CEO of Mundus Group, Inc. since 2007 I have overseen the company as it goes through the growing process from being a developmental aerospace technology company into an aerospace VTOL (Vertical Take Off and Landing) manufacturing and Production Company.
Having just completed a necessary 100 to 1 reverse stock split in order to maintain operations, we are pursuing our goals of delivering our patented VTOL flying car with product sales worldwide clientele and a growth niche in the emerging UAV (Unmanned Air Vehicle) Drone industry.
Las Vegas, NV PRWEB - As CEO of Mundus Group, Inc. since 2007 I have overseen the company as it goes through the growing process from being a developmental aerospace technology company into an aerospace VTOL (Vertical Take Off and Landing) manufacturing and Production Company. Having just completed a necessary 100 to 1 reverse stock split in order to maintain operations, we are pursuing our goals of delivering our patented VTOL flying car with product sales worldwide clientele and a growth niche in the emerging UAV (Unmanned Air Vehicle) Drone industry.
History in the Making:
Mundus Group's subsidiary, Roadable Aircraft is the VTOL innovator which had begun in 1990 with its first successful prototype, had won the Best Invention of the Year at the Discovery Channel Invention Convention in 1993 and went on to build its 2nd prototype which was co-developed with the US Navy under a 3 year Cooperative Research and Development Agreement and was awarded a US Patent for VTOL Flying Car in 2002.
Further development at the NAWCWD (Naval Air Warfare Center Weapons Division) at Pt Mugu California included the building and flight-testing of RAI's 3rd prototype and first VTOL UAV in 2004.
RAI's 2004 UAV was co-developed and built by AirStar, which at the time was a world leader in remote controlled helicopters for both the military and movie industries. AirStar brought technical remote controlled expertise as well as development of the flight control systems that became pivotal in the manned VTOL flying car concurrently under development. That strategic relationship has remained in tact with plans for re-emerging in the future with a world-class product line. That time is now.
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