AeroMechanical Services Ltd. TSX-V Trading Symbol "AMA"
A Tier 2 Industrial Issuer
CALGARY, Aug. 5 /CNW/ - AeroMechanical Services Ltd. ("AMA" or the
"Corporation") is pleased to announce that Mr. Bill Peltola has been appointed
Flyht Inc.'s (a wholly owned subsidiary of AMA) Director of Business
Mr. Peltola, has a distinguished career in aviation communications and
electronics, most recently at Aircell LLC, where over the past 7 years as
Senior Vice President he played a major role in its rapid growth. After
starting his career at The Boeing Company, Mr. Peltola spent 12 years at
Sundstrand Data Control, where he held a variety of positions in contracts and
sales/marketing departments and, focusing on, at times, the flight data
recorder business. Mr. Peltola had previously focused his efforts on bringing
air to ground communication solutions to the aerospace market through senior
positions at British Telecom, Iridium LLC, GTE Airfone and GEC Marconi
Inflight Systems before joining Aircell LLC.
Mr. Peltola holds an MBA from the University of Pudget Sound and is a
native of the state of Washington. He is a licensed private pilot from an
AMA welcomes Mr. Peltola to their management team and wishes to also
announce that, pursuant to its stock option plan approved at the Annual
General Meeting held in May 21, 2009, it has granted incentive stock options
to Mr. Peltola to acquire up to 100,000 common shares of the Corporation.
Terms include: an exercise price of $0.22 per share; vesting of all of the
options occurring immediately; and 1/3 of the total options granted expiring
equally at the end of each year on December 31 of 2010, 2011 and 2012. The
options, and any common shares issued upon exercise of the options, are
subject to a four month hold period expiring December 2, 2009.
About AeroMechanical Services Ltd. www.amscanada.com
AeroMechanical Services Ltd. provides under the brand name, FLYHTTM,
proprietary technological solutions and services designed to reduce costs and
improve efficiencies in the airline industry. The company has successfully
patented and 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, FLYHT and aeroQ are Trade Marks
of AeroMechanical Services Ltd.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: on AMA 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,