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Dealipedia - Aria International Holdings Inc acquires Airship Ventures

Aria International Holdings Inc acquires Airship Ventures

Deal Participants:
Acquiring Company: Aria International Holdings Inc View Profile Charts Homepage
Target Company: Airship Ventures View Profile Charts Homepage
Deal Financials:
 
Date:
Announced: May 20, 2009

PRESS RELEASE

ARLINGTON, Va.--(BUSINESS WIRE)--Aria International Holdings, Inc., through its wholly-owned subsidiary Aria International Incorporated, a Nevada corporation (“Aria International”) (OTC BB: ARAH - News), focused on providing specialized surveillance and communications solutions to a global customer base is pleased to announce today that it has signed an agreement with Worldwide Aeros Corp. (“Aeros”) a Delaware corporation based in Montebello, California the world leading lighter-than-air, FAA-certified aircraft manufacturing company, that designs and manufactures buoyancy assisted aerial platforms used for surveillance, advertising broadcasting and travel as well as a new type of variable buoyancy aircraft – the Aeroscraft – for cargo transportation.

Aria International and Aeros previously entered into a Wet-Lease agreement to conduct a flight demonstration of the Aeros 40D Airship S/N A40D-21 (the “Airship”) to ARIA International’s customer the Kingdom of Thailand, Royal Thai Army (“RTA”). The Airship purchased will be used to provide in-country surveillance and communications solutions and will be transferred to the RTA according to contract provisions and schedule.

The Royal Thai Army selected Aria International Incorporated after a number of real-time demonstrations of the surveillance system that were conducted in the United States. Aria previously announced the RTA contract on April 30, 2009. Under this contract, Aria International is responsible for integrating all system components and delivering a complete turn-key solution, conducting initial operations and continuing maintenance tasks as well as providing the training to the RTA personnel on the use of the equipment.

The RTA surveillance and communications solution consists of the Aeros 40D Sky Dragon airship acquired from Aeros equipped with special state-of-the-art imaging and communications systems and upgrades to existing command and control facilities to allow for the receipt of real-time surveillance data. The Airship will be accompanied with a state-of-the-art Mobile Command and Control Vehicle. Aria International will train Royal Thai Army personnel to pilot and effectively utilize and maintain the deployed surveillance and communications systems. In addition to the cameras on the Airship, Aria International will also install and integrate high-definition day/night camera systems on select Royal Thai Army helicopters. President of Aria International, Mr. Mike “Bing” Crosby, stated: “the employment of a manned airship and upgraded helicopters equipped with state-of-the-art surveillance and communications systems, provides the Royal Thai Army another system with the necessary capabilities it requires to counter the increased activity and threats of crime, drug trafficking and terrorism.”

“I predict that the deployment of the Aeros Airship by Aria integrated with new surveillance and communications systems will provide significant utility to the RTA in the role of airborne surveillance”, Igor Pasternak, President of Worldwide Aeros Corp. stated. “Our FAA Type Certified Aeros 40D Sky Dragon Airship was designed to carry different types of surveillance and monitoring equipment, including TV broadcasting and infrared cameras. This ability makes the Airship the perfect platform for surveillance operations for the Kingdom of Thailand.”

About Aria International Incorporated

Aria International Incorporated is a wholly-owned subsidiary of Aria International Holdings, Inc. and is focused on providing specialized surveillance and communications solutions to a global customer base. Aria International operates as a solutions provider, systems integrator, and operator of surveillance and communications systems. Working closely with our clients in a flexible and responsive manner, we are able to provide highly effective solutions that respond well to our customers' defense and security requirements. For more information, visit www.aria-int.com.

About Worldwide Aeros Corp.

Aeros is the world's leading lighter-than-air, FAA-certified aircraft manufacturing company. The company's operations involve the research, development, production, operation and marketing of a complete family of Aeros-branded air vehicles used in government and commercial applications. These include non-rigid FAA Type Certified Aeros 40D Sky Dragon Airships, Advanced Tethered Aerostatic Systems and New Type Rigid Variable Buoyancy Air Vehicle - Aeroscraft. For more information visit www.aerosml.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, with the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties and the actual future results of Aria International Incorporated could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general domestic and international economic climate. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by Aria International, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.


Contact:

Aria International Holdings, Inc.
Investor Relations
Jody M. Janson
Tel: (888) 802-ARIA (2742)
Email: investor@aria-int.com

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May 20 '09
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