Astro Aerospace LtdOOTC ASDN Stock Report

Astro Aerospace Ltd. is a research and development company, which engages in the creation of aerial drones used for carrying passengers and cargo. The company is headquartered in Lewisville, Texas. The company went IPO on 2008-04-28. The company has a working prototype and is working on ALTA, an updated version of the working prototype with engineering and mechanical improvements, as well as pods, which will be interchangeable with the frame allowing the unit to be used for cargo, passenger and other activities. Its Low-altitude Fast Response aircraft targets search and rescue, as well as ambulance/medical applications. Its ALTA Cargo Pod embraces a design to maximize available volume and payload cargo capacity, allowing for boarding of materials and goods. The company has three subsidiaries, Astro Aerospace Ltd. (Canada), which is used to record Canadian dollar expenditures in order to recover refunds of the goods and services tax in Canada, Astro Horizon Acquisition Corporation, and Astro Acquisition Corporation Canada, which holds the assets of Horizon Aircraft, Inc (Horizon).