Home / Archives / News Archive 1999 / AeroTech and ISP offered to potential buyers
AeroTech and ISP offered to potential buyers Print E-mail PDF
1999 Archived News by AeroTech   
Tuesday, October 19, 1999

LAS VEGAS, Nevada USA — Industrial Solid Propulsion (ISP), Inc. and its wholly-owned subsidiary AeroTech, Inc. are being offered for sale by owners. Founded in 1982, AeroTech is the premier manufacturer of high-performance rocket motors and related products for consumer, educational and motion picture special effects markets. Founded in 1985, ISP designs and manufactures rocket motors for industrial, commercial and military customers.

Both businesses were appraised at $667,700.00 in 1990 and would be worth much more today using the same valuation criteria. Since that time sales have nearly tripled and the consolidated companies have become profitable.

The existing management team is willing to continue with the corporations subject to negotiation. General information on both companies including a virtual tour can be found at www.aerotech-rocketry.com and www.specificimpulse.com.

Bidders who desire to examine the companies¹ tax returns and financial statements in advance of placing a bid must execute a nondisclosure agreement (NDA) which can be downloaded in PDF format at www.aerotech-rocketry.com/nondisclosure. The signed NDA shall be faxed back to Gary Rosenfield at (702) 641-1883.

Bidders must also provide a copy of a letter of credit or other proof of financial ability at least equal to the amount of their bid. Upon receipt of the signed NDA and the letter of credit or other proof of financial condition, bidders will be e-mailed the 1996, 1997 and 1998 corporate tax returns and the companies¹ latest financial statements in PDF format.

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