KENNESAW, Ga., Aug. 31 /PRNewswire-FirstCall/ -- Conversion Solutions,
Inc. (OTC: CVSU) and Georgia Aerospace Systems (GAS), announces that the
companies have entered into an agreement to form a new company called American
International Smart Structures, Inc. (AISS, a Georgia Corporation).
"The formation of American International Smart Structures is just a sample
of the vision of management from Georgia Aerospace and CVSU and we are very
pleased to be participating. The contributed defense contract by Georgia
Aerospace to AISS will ensure the profitability and success of this venture,"
stated Rufus Paul Harris, CEO, CVSU.
Ben Stanley, COO, CVSU stated, "This Venture is only the first of many
that we are currently reviewing that will greatly enhance our shareholders
value, help stimulate the economy by providing jobs to Americans and provide
advanced security to America."
"Georgia Aerospace is excited about the 40% equity position of Conversion
Solutions in this venture. The great leadership at Conversion will bring
excellent financial credentials with their Wall Street knowledge and exposure
to the new entity AISS," stated Dr. Thomas Mensah, inventor, CEO and Founder
of Georgia Aerospace Systems.
"The investment dollars that this equity brings will allow AISS to grow
organically as well as through acquisitions to help us explore tremendous
opportunities in advanced composite structures for aircraft and marine
applications as well as homeland security. The infusion of capital will allow
us to execute our business plan flawlessly." Dr. Mensah continued, "In
addition to the traditional areas as detailed in our business, we will be
looking to expand into novel areas like advanced Nanotube composite structure
manufacturing. The company will be providing contracted engineering services
to the Department of Defense as well as embedded sensors for Homeland
"The Pentagon is implementing Network Centric Operations (NCO) which
involves linking all means of command, control, communications, computers,
intelligence, surveillance and reconnaissance. Georgia Aerospace Systems and
American International Smart Structures are postured to become a major
technology provider in Network Centric Operations with products like embedded
sensors. The technology will be compatible with the Global Information Grid to
provide real time information to the war fighter," stated Major General John
Phillips, head of Defense markets for Georgia Aerospace Systems.
About Conversion Solutions, Inc
CVSU is a diversified holdings corporation, which was formed to originate,
fund and source funding for asset-based transactions in the private market.
CVSU's main service will be to acquire, fund and provide insurance to target
companies in the currently underserved $15,000,000 to $100,000,000 asset
finance market. Our funding will enable our businesses to compete more
effectively, improve operations and increase value. CVSU and WHSC are
headquartered in Kennesaw, Georgia, a suburb of Atlanta. For more information,
please visit us at www.cvsu.us or e-mail us at Harris@cvsu.us .
Subsidiaries and Projects
Calleo Gourmet Coffee, Live Mortgage Free, Federal Chamber of Commerce,
Amruss Group, LLC and Forex West, InfinityOne, Inc., Point, Click and Dream,
JOWEI Holdings Inc, Checkmate and Tserof Holdings Inc.
SOURCE Conversion Solutions, Inc.