DENVER, March 7, 2011 (GLOBE NEWSWIRE) -- Air Methods Corporation (Nasdaq:AIRM), the largest air medical transportation company in the world, announced today the acquisition of United Rotorcraft Solutions (URS) by its Products Division. URS is a full-service helicopter and fixed-wing completions center and Maintenance Repair Operation (MRO). Founded by Dave and Traci Brigham in 2005, URS initially served the very unique demands of helicopter night vision capability. In less than six years, URS has expanded to include a full spectrum of rotorcraft and fixed-wing completions and MRO services in a wide variety of markets, including corporate, airborne law enforcement, air medical, utility, border patrol, DEA and other special missions. URS' business has also grown to cover the globe with successful modifications and completions currently operating in the United Status, throughout Latin America, Canada, Africa, Asia, Russia, and Australia. URS' facilities, consisting of two hangars for a total of 54,000 square feet of space, are located in Decatur, Texas. URS currently employs a staff of 43. "We are delighted to team with URS, a world-class and nimble supplier to the rotorcraft industry. URS has assembled a team of dedicated and talented professionals who deliver exceptionally high quality completions and MRO services with a keen focus on exceeding the customer's expectations," reports Tom Curtis, Vice President Products Division. "We are very proud to have our team's hard work so well recognized by Air Methods Products Division, an established industry leader in air medical completions. We are truly blessed to have the opportunity not only to continue, but to accelerate our growth plans. We are very pleased to become a part of the Products Division team and look forward to a long and prosperous relationship," said Dave Brigham, President of URS. URS will continue to operate as a stand-alone facility serving its established customers, while developing new ones. URS' new relationship with the Products Division will provide URS with additional financial resources and engineering support to facilitate solid growth trajectory, while continuing to provide the highest level of personal customer service for which URS is so well known.
"This key milestone supports our strategy to expand the global capabilities of our Products Division and its focus on enhancing customer service and product offerings throughout the entire rotorcraft industry. We could not have found a more suitable partner to facilitate this growth strategy than with URS," said Paul Tate, Chief Operating Officer.Air Methods Corporation ( www.airmethods.com) is a leader in emergency air medical transportation and medical services. The Hospital Based Services Division is the largest provider of air medical transport services for hospitals. The Community Based Services Division is one of the largest community-based providers of air medical services. The Products Division specializes in the design and manufacture of aeromedical and aerospace technology. The Company's fleet of owned, leased or maintained aircraft features over 300 helicopters and fixed wing aircraft . The Air Methods Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6955 United Rotorcraft Solutions, FAA Repair Station UX9R241Y, provides aircraft completions and refurbishment services, systems integration, maintenance, component overhaul, customized interior installations and unsurpassed exterior finishing servicing all segments of the helicopter industry – Law Enforcement, Air Medical, Special Mission, Corporate and Utility. They also offer FAA approved NVG compatible lighting systems for many model helicopters. Forward-Looking Statements: This news release includes certain forward-looking statements, which are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the size, structure and growth of the Company's air medical services and products markets; the collection rates for patient transports; the continuation and/or renewal of air medical service contracts; the acquisition of profitable Products Division contracts and other flight service operations; the successful expansion of the community-based operations; and other matters set forth in the Company's public filings. Please contact Christine Clarke at (303) 792-7579 to be included on the Company's fax and/or mailing list.
CONTACT: Aaron D. Todd, Chief Executive Officer (303) 792-7413 David Brigham United Rotorcraft Solutions (940) 627-0626