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8-K - 8K PRESS RELEASE R/X MOD IN THE REPUBLIC OF SOUTH AFRICA - BUTLER NATIONAL CORP | k022311.htm |
Exhibit 99 |
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PRESS RELEASE |
February 23, 2011 |
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OLATHE, KANSAS, February 23, 2011 - Butler National Corporation (OTC Bulletin Board:BUKS.OB), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) announced the completion of the company's first R/X (range extension) Modification project in The Republic of South Africa.The Lear 36 R/X modification was performed for Cape Chamonix Wine Farms, located in South Africa's world-renowned Franschhoek wine-growing region. Butler National, through its wholly-owned subsidiary, Avcon Industries, Inc., is the exclusive provider of this modification for the Lear Jet 30 Series Aircraft. "We are the only aerospace company in the world that holds the FAA Supplemental Type Certificate (STC) for this modification. This was our 100th installation globally and we estimate the international market to be in excess of 500 Lear 30 Series business jets," stated Butler National President and CEO Clark D. Stewart. Chris Hellinger, CEO of Cape Chamonix Wine Farms added, "Butler's innovative engineering and design expertise is unsurpassed in the business jet market. For this kind of advanced and technical installation, Butler National is the first and only choice. This modification allows me to fly farther, with fewer fuel stops, to destinations throughout the world." Butler National's new presence in South Africa is one of many international projects underway as the company becomes a growing new leader in the global MRO marketplace. South Africa becomes the 26th international market for Butler National over the past five years. |
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Butler National Corporation |
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Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 |
Country Algeria Australia Bolivia Brazil Burkina Faso Canada Chile Columbia Denmark France Germany Iceland India Indonesia Israel Italy Kazakhstan Malaysia Mexico Republic of China Republic of South Africa Saudi Arabia Spain Sweden Ukraine United Kingdom |
Continent Africa Australia South America South America Africa North America South America South America Europe Europe Europe Europe Asia Asia Asia Europe Asia Asia North America Asia Africa Asia Europe Europe Europe Europe |
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GROWTH IN REVENUES AND SHARE PRICE |
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Butler National Corporation share price increased 39% in 2010. For the most recent fiscal year, the Company achieved revenue growth of 80.1% and was: |
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Our Business: |
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FOR MORE INFORMATION CONTACT: |
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Reign Strategy & Investment Group |
Ph (914) 479-9060 |
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Jim Drewitz, Public Relations |
Ph (830) 669-2466 |
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Butler National Corporation Investor Relations |
Ph (214) 498-7775 |
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THE WORLDWIDE WEB: |
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Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries. |