Xcelaero Corporation to merge with AeroMech Engineering
SAN LUIS OBISPO, Calif., 16 March 2007. Xcelaero Corporation and AeroMech Engineering Inc. management have signed a letter of intent (LOI) outlining the merger of the two corporations. Under terms of the agreement, each company is treated as an equal entity in the transaction, although the products and services of the combined company will be marketed as Xcelaero.