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Aero Performance Products, Inc. Director Comments on Company Status

Posted on: Monday, 29 June 2009, 08:37 CDT

BLUFFDALE, Utah, June 29 /PRNewswire-FirstCall/ -- Aero Performance Products, Inc. (OTC Bulletin Board: AERP) today issued comments from Robert McCoy, the sole director of the company, regarding the current status of Aero Performance Products' acquisition strategy, including the planned acquisition of Jones Exhaust Systems, Inc.

Mr. McCoy was appointed to the position of director of the company effective June 5, 2009. CEO and Director Bryan Hunsaker and Director Robert McMichael resigned from the company effective the same date. Mr. Hunsaker has agreed to work with the company as an independent consultant throughout the management transition and going forward on an as needed basis.

"I would first like to thank Mr. Hunsaker for his service to the company," stated Mr. McCoy. "His insight into the company's current status and its recent focus on strategic acquisitions will be important information to consider as management evaluates the best way forward for Aero Performance Products.

"There are a number of issues related to the company that I plan to address in the near term. The first is the status of the planned acquisition of Jones Exhaust Systems, Inc., including whether the acquisition is still achievable as well as whether it is in the best interests of the company and its shareholders. If this acquisition is not to be consummated, management will also make a determination as to whether a different strategic acquisition is the best way to build value for shareholders or if another strategy should be implemented.

"As these determinations are made, I will also be exploring the possibility of bringing on additional members of the management team to guide the company during its transition, including the potential of adding new directors and officers.

"Throughout this process, I will attempt to keep shareholders informed as frequently as possible. I hope that shareholders will maintain communication with the company through its established channels, and we look forward to providing information on a regular basis."

To sign up to receive information by email directly from the company whenever new press releases, investor newsletters, SEC filings, and other written material is issued, please visit http://www.aeroperformanceproducts.com.

Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K for fiscal year 2008 filed with the Securities and Exchange Commission.

CONTACT: Aero Performance Products, Inc. Investor Relations 951-677-8073 investors@aeroperformanceproducts.com

SOURCE Aero Performance Products, Inc.

Source: PR Newswire

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