AeroMechanical Services Ltd. Announces Non Brokered Private Placement

CALGARY, Alberta--(BUSINESS WIRE)--AeroMechanical Services Ltd. (AMA) is pleased to announce the terms of a proposed non brokered private placement: up to 4,175,000 common shares are to be issued at a price of $0.40 per share, for aggregate consideration of up to $1,670,000. The proceeds will be used to increase AMS’ working capital. The shares under this private placement are to be sold to a private capital group out of the United States and some insiders and employees of AMA. All of the common shares issued pursuant to this private placement are subject to a 4-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange.

About AeroMechanical Services Ltd.

AeroMechanical Services Ltd. provides proprietary technological solutions and services designed to reduce costs and improve efficiencies in the aviation industry. The company has successfully commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, afirs™ UpTime™, and FIRST^TM allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time.

afirs, UpTime, FLYHT and aeroQ are Trade Marks of AeroMechanical Services Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

AeroMechanical Services Ltd
Tom French, CFO
403-291-7427
tfrench@amscanada.com
www.amscanada.com
or
The Howard Group Inc.
Bob Beaty
Toll Free: 1-888-221-0915
Info@howardgroupinc.com
www.howardgroupinc.com