AeroMechanical Services Ltd. Announces Renewal of Investor Relations Agreement

    AeroMechanical Services Ltd.          TSX-V Trading Symbol "AMA"
    A Tier 2 Industrial Issuer

    CALGARY, Feb. 2 /CNW/ - AeroMechanical Services Ltd. ("AMA") is pleased
to announce that it has renewed its agreement with The Howard Group Inc., of
Calgary, Alberta, to provide investor relations services to the company.
    Since 1988, The Howard Group Inc. has provided comprehensive investor and
financial relations, business development solutions, in-depth strategic
planning and financing services to public companies.
    The term of the renewal is for a period of two (2) years. The Howard
Group Inc. will be compensated with a monthly fee of $4,000 (Four Thousand
Dollars) CDN. Currently no stock options are being issued to the Howard Group
under this Agreement.
    For further information on The Howard Group Inc. please visit
    The above agreement is subject to the acceptance of the TSX Venture

    About AeroMechanical Services Ltd.

    AeroMechanical Services Ltd. provides proprietary technological solutions
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, FLYHT and aeroQ are Trade Marks of
                         AeroMechanical Services Ltd.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    %SEDAR: 00016486E

For further information:

For further information: on AMA contact: Tom French, CGA, VP Finance &
CFO, AeroMechanical Services Ltd, (403) 291-7427,,; Bob Beaty, The Howard Group Inc., Toll Free:

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