(July 29, 2004) - Renegade Venture Corp. has announced completion of the purchase of 100% of the common stock of World Jet Inc., a privately held aircraft parts sales and brokerage company, for $1.8 million in cash and notes and one million shares of restricted Renegade common stock. Estimates show that the transaction will increase the company's consolidated net annual revenues by more than $10 million and consolidated pre-tax net income by more than $1 million on an annualized basis. The companies will benefit from consolidating operations to eliminate duplicate administrative costs, and senior management will continue to run the day-to-day operations.