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Press Release
Aero Performance Products, Inc. Reports Completion of Consolidation of Warehouse Facilities
Issued Wednesday, May 14, 11:35 am ET
Move of corporate offices targeted for July 1, 2008
SOUTH JORDAN, UT--(MARKET WIRE)--May 14, 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, today announced that the company has completed the move of all of its warehousing to its new facility in Bluffdale, Utah and is continuing the build-out of the facility to include Aero’s administration, product development and marketing.
The consolidation of warehouse space included the closure of the company’s warehouse facility in California and transport of all Aero product inventory to the new facility. Build-out of the offices within the facility is ongoing, and the company expects to have all of its administration, product development, marketing, and other office functions move to the new location by July 1, 2008.
Aero’s focus is to reduce its operational costs while strategically growing the company and increasing revenues. The build-out of the new facility is the second phase of the company’s plan to improve product availability to meet the ongoing demands of the growing domestic and international distribution network created in the first phase.
“We are pleased to report that all of Aero’s product inventory has been moved to our new facility and that our office build-out is moving forward so that the full relocation of the company can be completed by July 1st,” commented Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc.
“As we have discussed previously, the new facility will dramatically reduce expenses by eliminating inventory management, logistics and shipping functional duplication and reducing warehousing overhead. These cost-cutting measures are an important aspect of Aero’s growth strategy and will help the company to achieve profitability and sustained revenue growth,” Mr. Hunsaker added.
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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.
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer, 951-677-8073
investors@aeroperformanceproducts.com