E’Prime Aerospace Corporation Selects Merrill Lynch as Financial Advisor
E’Prime Aerospace Corporation (Pink Sheets: EPEO), a U.S. company with more than 2,000 shareholders, today announces its selection of Merrill Lynch, one of the world’s leading financial management and advisory companies, as its financial advisor. In this capacity and as officially stated in a welcome letter from the financial institution dated June 14, 2007, the “Merrill Lynch Team” will act as the “financial advisor and cash flow manager for E’Prime Aerospace Corporation” with the “mission to become the ‘essential partner’ to E’Prime.”
The Merrill Lynch financial advisory component may enhance E’Prime’s ability to capitalize on current and future operations including forming strategic launch service agreements with the United States Department of Defense (U.S. Air Force); the National Aeronautics and Space Administration (NASA); and commercial customers including telecommunications, aerospace, security, and defense industries.
“E’Prime Aerospace Corporation is committed to providing innovative, reliable, and cost-effective launch services to commercial and governmental space industries,” stated E’Prime Chief Executive Officer (CEO) James D. Oldham, III. “We believe our first responsibility is to the customers who use our services. Equally important is our responsibility to our shareholders and employees, as well as to the communities in which we operate. I look forward to this working relationship and the many viable opportunities it will cultivate. E’Prime’s goal is taking your business to new heights.”
About E’Prime Aerospace Corporation:
Securing unique and proprietary technology derived from the Peacekeeper Missile System, E’Prime Aerospace Corporation obtains a leading industry position implementing the most accurate, efficient, reliable, and cost effective launch programs available worldwide. E’Prime’s larger Eagle S-III – Eagle S-VII launch vehicles will lift from 16,925-59,340 lbs. to LEO and from 5,415-19,780 lbs. to GEO. These vehicles will provide a reliable cost- competitive alternative to E’Prime’s liquid fueled competitors for these heavier payloads. The Eagle S-VII should prove to be the most powerful launch vehicle in the world, with the capability of launching extremely heavy payloads, such as the International Space Station.
E Prime Aerospace Inc., (Pink Sheets: EPEO) – Cautionary Note Regarding Forward-Looking Statements:
This press release may contain forward-looking statements within the meaning of the federal securities laws. Such statements are based on current expectations and involve a number of known and unknown risk and uncertainties that could cause E’Prime’s future results, performance, or achievements to differ significantly from the results, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include: combination of additional debt and primarily equity financing and to successful complete the remaining research and development of its launch technology, determine and implement its overall marketing strategy and establish a viable schedule for the testing and ultimate launchings of commercial payloads, as well as other factors that are discussed in E’Prime’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and E’Prime undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
