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Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced that it has established an initial relationship with a boutique investment banking firm focused on emerging growth companies to provide development capital for Aero's ongoing expansion program.
The investment banking firm is providing an initial round of financing and the relationship is expected to develop into a larger financing commitment for Aero to execute its long-term business strategy. Aero expects to enter into an investment banking agreement with the firm, under which it will act as a strategic advisor to render certain business and financial advisory services to Aero.
As Aero continues to reduce overhead, it will concurrently seek to increase the supply of its core muffler products, as well as building the availability of the company's full exhaust system kits through the in-house fabrication capabilities. Due to a greater number of opened distribution channels and relationships with distribution partners such as Allied Exhaust, the largest independent warehouse distributor of automotive exhaust systems in the country with 16 distribution centers spanning 18 western states, Aero is experiencing increased demand for its products.
"Aero is at a very important stage, and through this financing relationship, we believe that we can address the supply shortfall of our products to the company's distribution channels in the near term and build a thriving company for the future," commented Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. "Although some dilution is inevitable in a developing company, management is intensely committed to limiting the effect of the dilution and continually weighs the short- and long-term value of each transaction," Mr. Hunsaker added.
"The only type of financing relationship that we are interested in pursuing is one that allows us to expand availability of our products and grow the company without significantly diluting current stockholders and negatively impacting the market for Aero stock. The reach of Aero's products has increased significantly over the past several months, and with the necessary resources to ensure that all of our distributors can supply the products to their customers, we strongly believe there will be consistent improvement in sales numbers and revenues," Mr. Hunsaker added.
To sign up to receive information by email directly from 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. 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.
Bottomfeeder
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Not bottomed yet.Still going down.
efchamp
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Your right bottomfeeder This one looks like one to watch maybe in a few weeks.
Nile
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I'll be watching to see if this bounces here or continues lower.... obviously if it keeps going - stay away.
Bottomfeeder
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Too late.Got in at 21.
Nile
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the good news is that it did not close below two.... if it stays above this could be a good buy signal!
by the way i dont own any shares.... just watching the chart for now
Andreas
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Aero Performance Products, Inc. Announces Initial Order From NewDistributor for Aero Products in Australia and New Zealand Markets
Feb 26, 2008 06:01:04 (ET)
SOUTH JORDAN, UT, Feb 26, 2008 (MARKET WIRE via COMTEX) -- Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the initial order of Aero products through Philco Automotive, a new distributor for the Australia and New Zealand markets, as part of the company's broader worldwide distribution strategy. In recent weeks, Aero has announced new distribution relationships and order shipments to Europe and South America, as well as the shipping of product samples to Asia.
Aero manufactures and distributes the most technologically advanced muffler on the market, and the Aero technology has achieved patent protection in Australia, as well as the United States and preliminary approval for a patent application on Aero's product technology in 18 European countries. Aero product lines are built to the highest industry standards and offer the consumer an unprecedented 30-day satisfaction guarantee and lifetime warranty.
The initial order has been placed by the Australia and New Zealand distributor for a mix of Aero core muffler products, and the order is expected to be shipped this week.
Previous to this distributor relationship, Aero had primarily supplied products only to individual shops, and this distributor is the first that will supply products to multiple locations throughout Australia and New Zealand.
"Expanding distribution into new international markets continues to be a major focus for Aero, as we concurrently increase the domestic distribution of the company's products," stated Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. "New distributor relationships and the initial orders they represent are directly tied to immediate sales but more importantly lay the foundation for solid long term growth and stability. As we have stated repeatedly, Aero's emphasis is to improve the company's core fundamentals and one aspect of that is through solid revenue growth. We have already experienced a small measure of such growth in the fourth quarter of 2007 and January of 2008. Greater distribution and reduced overhead is expected to result in better bottom line performance and increased profits for the company in the coming fiscal quarters."
To sign up to receive information by email directly from 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. 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.
CONTACT: Gemini Financial Communications, Inc. A. Beyer 951-677-8073 Email Contact
We are expecting a good 10q next week and I think the public is also expecting this from the trading.
a surfer
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Getting rid of Javelin is a positive step.
I haven't followed much lately fryy.... is there still talk of uplisting?
Regardless I am glad to see some positive action.
I bought a few in the upper teens for laughs for a quickie.
It will be interesting to see the market reaction to this 10Q. Unfortunately it could go either way even with stellar #'s
from last week....
Aero Performance Products, Inc. Announces Termination of Agreement With Javelin Advisory Group Friday May 2, 3:13 pm ET
SOUTH JORDAN, UT--(MARKET WIRE)--May 2, 2008 -- Aero Performance Products, Inc. (Other OTC:AERP.PK - News), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the termination of its consulting agreement with Javelin Advisory Group, effective May 1, 2008 ADVERTISEMENT
Aero intends to bring a portion of the services Javelin had been performing in-house and expects to contract additional services through local service providers where necessary. Details of the transition are anticipated in the next several days.
"Javelin's efforts were invaluable during the transition from Franchise Capital Corporation to Aero Exhaust; however, as part of our efforts to move the company to the next level, we will be selecting experienced service providers to support Aero's staff where appropriate," stated Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc.
fryyguyy
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Yeah, Javelin was a great pr. Getting rid of Peacock was awesome. Hopefully, there won't be a sell on news issue. Here is a sample of what happened at a distributor today.
Henschel should have received 12 pallets at 56 pieces per pallet for a total of 672 pieces! Find an average retail per unit-- my guess is $125 x 672--we're looking at $84,000 for this order alone! If they would get 3 orders a quarter ( my guess is more like 4-6 ) that would be $252,000 per quarter! Pretty good for being with Aero just 7 short weeks!
I'll try and get the number of deliveries tomorrow!
Uncle Smelly
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Another terrible 10Q.
Jesus Christ, what a disaster this company is, Hunsacker should really be entertaining a buyout at this point of the technology, and assets.
This man should not be running a company in my opinion.
I expect this to drop to .0001 now within a week or so. If I still had money here I would getting whatever I could out of it tomorrow, lol.
All the pumpers on Ibub like 4kids, pietro, walk, must be shellshocked, lmao! !!!
a surfer
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for what its worth. LOL
Aero Performance Products, Inc. Files Quarterly Report
Issued Thursday, May 15, 6:26 pm ET
SOUTH JORDAN, UT--(MARKET WIRE)--May 15, 2008--Aero Performance Products, Inc. (Other OTC: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, has filed its quarterly report on Form 10-QSB for the period ended March 31, 2008 with the Securities and Exchange Commission.
The complete 10-QSB filing can be found by clicking the “View SEC Filings” link on the company website, www.aeroperformanceproducts.com.
Sales for the quarter increased 5% over the same period last year. Expenses for the quarter were reduced by nearly 40%, primarily due to lower advertising and marketing expenditures.
“We are pleased to report increased sales for the first quarter. While the automotive industry is reporting declining sales, we are pleased to report a modest 5% increase in sales for the first quarter,” stated Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. “The company did experience a robust increase in sales for both January and February of 30% and 60% respectively, although revenues for March were down, due to an increased demand and lower than expected supply of Aero Exhaust products. Many of the orders that were taken in March, had to be delayed until April, when additional product was received. Further impacting the cost of goods sold was the need to buy product back from certain distributors to fill orders from other distributors.
“During the company’s growth phase, when the number of distributors is increasing and the demand for product is expanding, keeping up on supply remains an issue that the company has and will continue to address. We have already received additional shipments of product, and additional deliveries have been made to our warehouse distributors. Management will continue to work to ensure that the company has more product available as we progress through the second and third quarters of the year, which is the peak season in the performance automotive market.
“The sales of Aero Exhaust products in April and thus far in May are improved over last year and show a significant improvement over March’s performance. We expect those numbers to positively impact the second calendar quarter financial results. We also continue to cut costs, and the consolidation of a number of corporate and operational functions in our new facility is expected to contribute to even lower expenses for Aero in the coming quarters.
“Management is exploring a number of financing strategies that will continue to provide the necessary growth capital but are not based upon the current stock price. We believe the stock is severely undervalued, and management does not want to participate in any financing that could adversely affect shareholder value. The entire Aero organization is extremely grateful for the continued support we receive from our shareholders and look forward to positive results in the future.”
To sign up to receive information by email directly from whenever new press releases, investor newsletters, SEC filings, and other written material is issued, please visit http://www.aeroperformanceproducts.com.
PCola77
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Down almost 50% today, wonder if it'll bounce...
PCola77
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67% bounce from when I posted. guess I shoulda gone in...
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