The mission of Aviation Group, Inc., a Texas corporation (the
"Company"), is to be a premier provider of services and products
to airline companies and other aviation firms. Although its primary
market is the United States, the Company ultimately aspires to
compete in the global marketplace. In addition to growth of its
existing businesses, the Company seeks to grow via the acquisition
of other aviation service businesses that complement and strengthen
the Company's existing operations.
The Company presently operates the following four distinct divisions.
Aircraft Paint Services Division
Through its subsidiary, Pride Aviation, the Company is a recognized
world leader in aircraft painting services for commercial, cargo,
and general aviation by utilizing state of the art, environmentally
friendly facilities located in Louisiana, Texas, and Oregon. The
Company performs these services under long term contracts and
on a special order basis to many of the world's largest airlines
and aircraft manufacturers. Among our customers are Boeing, United
Airlines, Southwest Airlines and many others.
Ground Services Division
The Company's Tri-Star Airline Services division provides aircraft
cleaning, environmentally friendly exterior aircraft washing,
ground services, and light catering to major and regional airline
and cargo customers from multiple airport locations across the
United States. Our customers include most of the major airlines.
FBO Operations & Development Division
The Company owns and operates aviation fixed-base-operations in
strategically located smaller cities located near major metropolitan
urban centers in the United States. Fueling, maintenance, parts
distribution, replacement part repairs, and hangar storage services
are provided. One of our subsidiaries is one of the largest aircraft
parts distributors in the world.
Overhaul Services Division
The Company performs repair and overhaul services on various components,
accessories, and rotable parts for airlines and general aviation
customers. The Company is actively seeking to acquire similar
companies that compliment and broaden our existing services.
Milestones and Key Developments
Aviation Group has doubled revenues for the past three years and
is on track to double its revenue base for Fiscal 1998 versus
AVGP's customer base is a who's who in the airline and general
aviation business, including the following: Boeing Corporation,
United, US Air, Southwest, Northwest, Air Canada, Delta, UPS and
most recently signed a 3 year contract with Federal Express.
AVGP benefits from two major trends today: significant growth
in outsourcing of vital services by airlines as they focus on
cost savings and operating efficiencies; and stiffening financial
and regulatory requirements that encourage consolidation of the
highly fragmented, 10,000 vendor population.
The Company's seasoned management team carefully selects and purchases
profitable targets serving specific niche markets with proven
product quality and reputation. Issuance of common stock, along
with cash and prudent debt financing, are utilized on a non-dilutive
basis to complete transactions.
Strategy and Growth
Management believes that its first priority is to grow and manage
well the businesses it already has, and promote the profit prospects
of its existing shareholders in a prudent, risk-adjusted manner.
Secondly, management desires to continue to grow the business
via the acquisition of niche-dominant companies that meet its
purchase criteria, consisting generally of reasonable purchase
multiples, significant growth prospects, and structured with non-dilutive
Aviation Group is a growth company serving a multi-billion dollar
global marketplace presently undergoing significant consolidation
and rationalization. AVGP has shown a 100%- revenue growth rate
for the past three years. Its seasoned, proven management team
has successfully acquired and managed numerous companies, and
financed these purchases in an advantageous manner that maximizes
potential shareholder returns.
Economic prospects for the industry look bright, and the Company's
stock trades at a price below that implied by key industry averages
such as price-to-book and price-to-revenues, while its growth
rates far exceed the industry at large. Continued growth in the
Company's operations should eventually attract significant attention
from fund investors, and the present price level of its common
stock, depressed by exogenous market factors, should rebound in
the near term. The Company's common stock has both near and long
term appreciation potential. It is a strong risk-adjusted buy
opportunity for investors in the micro-cap marketplace.
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Aviation Group, Inc. Announces Major Paint Expansion
Aviation Group, Inc. Reports Fiscal 1998 Financial Results
Aviation Group, Inc. Named One of This Year's Fastest-Growing Companies by INC. Magazine
Aviation Group, Inc. Announces Appointment of Thomas J. Smith as President and COO
Aviation Group, Inc. Board Approves Stock Buy-back
SC 13D (09/05/1997)
Read the transcript for the AVGP conference call on September 10th, 1998 with:
Lee Sanders, CEO
Richard Morgan, CFO
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Herzog, Heine, Geduld, Inc.
Sharpe Capital, Inc.
First Montauk Securities Corp.
RAS Securities Corp.
Briarwood Investment Counsel
Fahnestock & Co. Inc.
Lloyd Wade Securities
700 North Pearl Street
Dallas, TX 75201
This publication is an advertisement on behalf of Aviation Group,
Inc. and may not be construed as investment advice. This advertisement
does not provide an analysis of the Company's financial position
and is not a solicitation to purchase or sell securities of the
Company. Readers should consult with their own independent tax,
business and financial advisors with respect to any investment,
including any contemplated investment in the advertised Company.
All information contained in this advertisement should be independently
verified with the advertised Company and by an independent financial
analyst. The Publisher, its affiliates, officers, directors, subsidiaries
and agents (collectively, the Publisher) of this advertisement
has been compensated by the Company. Compensation includes two
hundred fifty thousand dollars in cash, and the option to purchase
the following: twenty thousand restricted shares of common stock
at an exercise price of five dollars, twenty thousand restricted
shares of common stock at an exercise price of six dollars, twenty
thousand restricted shares of common stock at an exercise price
of seven dollars, twenty thousand restricted shares of common
stock at an exercise price of eight dollars, twenty thousand restricted
shares of common stock at an exercise price of nine dollars. In
preparing this advertisement, the Publisher has relied upon information
received from the Company, which, although believed to be reliable,
cannot be guaranteed. This advertisement is not an endorsement
of the Company by the Publisher. The Publisher is not responsible
for any claims made by the Company. You should independently investigate
and fully understand all risks before investing. Safe Harbor Statement
under the Private Securities Litigation Reform Act of 1995: The
statements which are not historical facts contained in this advertisement
are forward-looking statements that involve certain risks and
uncertainties including but not limited to risks associated with
the uncertainty of future financial results, additional financing
requirements, development of new products, government approval
processes, the impact of competitive products or pricing, technological
changes, the effect of economic conditions and other uncertainties
detailed in the Company's filings with the Securities and Exchange