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Aero Performance Products, Inc. Files 2008 Annual Report Showing Increased Sales of Aero Exhaust Products

SOUTH JORDAN, Utah, Oct 24, 2008 (BUSINESS WIRE) -- Aero Performance Products, Inc. (OTCBB: AERPE), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the filing of the company's Annual Report filed on Form 10-KSB with audited financials for the fiscal year ended June 30, 2008 with the Securities and Exchange Commission. The annual report shows that sales of Aero Exhaust products increased 15% over the same period in 2007.
A link to the annual report can be found at the company's website, www.aeroperformanceproducts.com.

As a result of the filing of the annual report, the company expects that the "E" will be removed from its symbol in the next several days and its stock will again trade under the symbol AERP.

In addition to the increase in sales for Aero Exhaust products, the audited financials showed a significant reduction in expenses over fiscal year 2007.

"The 2008 fiscal year was the first for Aero as a public company, and included a number of transitions, including new management, a new focus on operations, a new name and a new trading symbol," stated Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. "The sales numbers represent only a partial year since the merger. We have seen increased sales since the merger and look forward to the 2009 filings when we can represent the full benefit of the acquisition. While we are not entirely satisfied with the rate of growth over last year, the increase in sales of Aero Exhaust products, during a period when product supply was limited, is certainly a positive sign for the company. Our strategy is to continue to reduce expenses wherever possible as we seek to further grow revenues from the increased distribution of Aero products."

"We are also pleased to have been able to keep the common stock structure relatively stable for the year, as the company sought to expand without tying up cash flow to achieve its goals. We expect seasonal sales to slow during the next quarter but rebound again at the beginning of next year as the spring sales demand increases. Overall, Aero management believes that 2008, following the merger, was a positive year and we look forward to additional progress in 2009," Mr. Hunsaker added.

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.

About Aero Performance Products, Inc.

Aero Performance Products, Inc. (www.aeroperformanceproducts.com) operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Aero's product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.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 2007 filed with the Securities and Exchange Commission.

SOURCE: Aero Performance Products, Inc.


CONTACT:
Aero Performance Products, Inc. A. Beyer, 951-677-8073 investors*aeroperformanceproducts.com


LOOK for maybe a LOI signed soon....

--------------------
You can clean up beaten up, But you cant clean up ugly..

Posts: 19 | From: SC | Registered: Apr 2008  |  IP: Logged | Report this post to a Moderator
allup
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This company should be bankrupted soon.
Posts: 19 | Registered: Oct 2007  |  IP: Logged | Report this post to a Moderator
   

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