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AeroMechanical Services Retains Strategic Investor Relations Consulting and Investor Contact Service Providers

Dépèche transmise le 8 février 2011 par Business Wire

AeroMechanical Services Retains Strategic Investor Relations Consulting and Investor Contact Service Providers

CALGARY, Alberta--(BUSINESS WIRE)--AeroMechanical Services Limited (TSX VENTURE: AMA) (the "Company” or "AMA") today announced the engagement of Barnes McInerney Inc. as strategic investor relations consultants and the continued engagement of The Howard Group for investor contact services.

“Barnes McInerney’s expertise will help us effectively convey our key messages to the investment community as we focus on growing our shareholder value. The continued participation of The Howard Group will maintain continuity for investor contacts.”

Barnes McInerney will focus on developing and expanding the Company’s communications with the investment community through a comprehensive investor relations program. The Howard Group will continue to support the investor relationships that AMA has forged over the past several years.

“We are entering an important stage in our growth,” said Tom French, Vice President Finance and Chief Financial Officer of AMA. “Barnes McInerney’s expertise will help us effectively convey our key messages to the investment community as we focus on growing our shareholder value. The continued participation of The Howard Group will maintain continuity for investor contacts.”

Barnes McInerney has been engaged by AMA, effective February 1, 2011, for a monthly fee of $5,500 for a period of 12 months. AMA may terminate this agreement at any time subject to the payment of cancellation fees equal to $11,000 (two months). Neither Barnes McInerney nor any of its directors, officers or employees holds any interest, directly or indirectly, in AMA, or any right to acquire such an interest.

The Howard Group’s continued engagement with AMA is effective February 1, 2011 for a retainer of $6,000 per year. AMA may terminate this agreement at any time subject to the payment of cancellation fees equal to $1,500 (three months), in addition to contract fees for specific projects they are engaged in by AMA. The Howard Group, its directors, officers or employees hold 2,130,000 shares directly or indirectly, in AMA.

These agreements are subject to regulatory and the TSX Venture Exchange approval.

About AeroMechanical Services

AeroMechanical Services Ltd. provides, under the brand name FLYHT, 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™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time. If a plane encounters an emergency, AMA’s emergency data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time.

About Barnes McInerney

Barnes McInerney Inc. is Canada’s leading investor relations consulting firm. Over the past 20 years, Barnes McInerney has served the needs of more than 500 leading public companies in every sector of Canada’s capital markets. By building strong relationships with its clients and the investment community, Barnes McInerney provides effective strategic consulting, shareholder outreach and communications services, all supported by leading-edge multimedia capabilities. For further information visit www.barnesmcinerney.com.

About The Howard Group

Based in Calgary, Canada, The Howard Group is a boutique “full service” Investor and Financial Relations firm. For over 21 years, they have provided a select number of Canadian publicly traded micro & small cap companies with strategic direction and exposure to targeted investment audiences. For further information visit www.howardgroupinc.com.

afirs, UpTime, FLYHT, FLYHTStream 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.

Safe Harbor Statement: Statements contained in this release that are not historical facts are forward-looking statements which involve risk and uncertainties, which could cause actual results to differ materially from those expressed in forward-looking statements. These include risks relating to changes in economic or environmental conditions and the company's ability to execute its business model and strategic plans. The company relies on litigation protection for forward-looking statements.

www.amscanada.com