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First Aviation Services Inc. (NASDAQ - FAVS) today announced that
the 2007 Annual Meeting of Stockholders of the Company will be held on
June 26, 2007. The location and time of the meeting will be determined
and announced at a later date.
About First Aviation
First Aviation, located in Westport, Connecticut and its principal
operating subsidiary, Aerospace Products International Inc. ("API"),
based in Memphis, Tennessee, with primary distribution center in
Southaven, Mississippi, is one of the premier suppliers of products
and services worldwide to manufacturers and aircraft operators of some
of the most widely used commercial and general aviation aircraft. In
addition to its parts and components supply services, API is a leading
provider of supply chain management and customized third party
logistics services and technology solutions, including inventory
management services. API also offers overhaul and repair services for
brakes, wheels and starter/generators, and builds custom hose
assemblies. With locations in the U.S., Canada, Asia Pacific and
China, plus partners throughout the world, API continues to be one of
the premier suppliers of aviation products, supply chain management
services and technology solutions in the industry.
More information about First Aviation can be found on the World
Wide Web at http://www.favs.com and http://www.apiworldwide.com.
Forward-Looking Statements
Certain statements discussed in this release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
are not statements of historical facts, but rather reflect the
Company's current expectations concerning future events and results.
Such forward-looking statements, including those concerning the
Company's expectations, involve known and unknown risks, uncertainties
and other factors, some of which are beyond the Company's control,
that may cause the Company's actual results, performance or
achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks, uncertainties and other
important factors include, among others: the Company's ability to
obtain parts and components from its principal suppliers on a timely
basis; depressed domestic and international market and economic
conditions; especially those currently facing the aviation industry as
a whole, including terrorism and terrorism related impacts, the impact
of changes in fuel and other freight related costs, major adverse
weather related effects such as hurricanes impacting our customer
base, relationships with its customers, the ability of the Company's
customers to meet their financial obligations to the Company, the
ability to obtain and service supply chain management contracts,
changes in regulations or accounting standards, the ability to
consummate suitable acquisitions and expand, the loss of the use of
facilities and distribution hub in Southaven, Mississippi, significant
failure of our computer systems, telephony systems or networks,
efforts to comply with section 404 of the Sarbanes-Oxley Act of 2002,
and other items that are beyond the Company's control and may cause
actual results to differ from management's expectations. In addition,
specific consideration should be given to the various factors
described in Item 1A, "Risk Factors", Item 7, "Management's Discussion
and Analysis of Financial Condition and Results of Operations", and
elsewhere in the Company's Annual Report on Form 10-K for the year
ended January 31, 2006, and the various factors described in this
release. The Company undertakes no obligation to update any
forward-looking statements or cautionary factors except as required by
law.
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