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AeroMechanical Services Ltd. TSX-V Trading Symbol "AMA"
A Tier 2 Industrial Issuer
CALGARY, Nov. 26 /CNW/ - AeroMechanical Services Ltd. (AMA on TSX-V)
today announced that CEO Bill Tempany and President Darryl Jacobs exercised
warrants to purchase 1,024,237 shares of AMS. The warrants were due to expire
on November 25, 2007.
Due to strong employee interest in share ownership, Bill and Darryl
offered a portion of their newly acquired shares to employees. More than 60%
or 30 members of the AMS' team including senior officers purchased a total of
503,609 shares. These individuals range from the Chief Financial Officer, Vice
President of Sales and Marketing, Interim Chief Operating Officer to
administrative, technical, and sales staff.
On the completion of the transaction, directors, officers and senior
management will hold approximately 8.3 million shares or 11.7% of the
outstanding shares of AMS.
"Just like other aviation companies in the west, AMS employees want to be
owners and this offer gives us that opportunity. It also proves that the
company and its management see employee participation at all levels as key to
the success of our business," said Murat Sumer, an Embedded Logic Application
Developer at AMS.
About AeroMechanical Services Ltd.
AeroMechanical Services Ltd. provides proprietary technologies and
services designed to reduce costs and improve efficiencies in the airline
industry. The company has successfully commercialized three products and
associated services currently marketed to airlines, manufacturers and
maintenance organizations around the world. Its premier technology afirs(TM)
UpTime(TM) allows airlines to monitor and manage aircraft operations anywhere,
anytime, in real-time.
afirs, UpTime, AeroQ and Smart Box are Trade Marks of AeroMechanical
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: on AMS contact: Tom French, CFO AeroMechanical
Services Ltd., (403) 291-7427, firstname.lastname@example.org; Bob Beaty, The Howard
Group Inc., Toll Free: 1-888-221-0915, Info@howardgroupinc.com,