API to Consolidate Warehouse Operations.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn. -- Aerospace Products International, Inc. ("API"), a wholly-owned subsidiary of First Aviation Services Inc. (Nasdaq: FAVS FAVS Fabbrica Armi Valle Susa FAVS Fighter Attack Visual System ) and a leading provider of innovative distribution and supply chain services for the aviation industry, announced today that it will open a technically advanced 172,000 square foot facility in Southaven, Mississippi Southaven, a city in DeSoto County, Mississippi, is a suburb of Memphis, Tennessee. As of the 2000 census, the city population was 28,977. By 2007 its population was well over 40,000. , 2.5 miles from the Memphis International Airport Memphis International Airport (IATA: MEM, ICAO: KMEM) is a public airport located 3 miles (5 km) south of the city of Memphis in Shelby County, Tennessee, USA. and the FedEx Express FedEx Express, based in Memphis, Tennessee, USA, is the world's largest cargo airline. It is a subsidiary of the FedEx Corporation and delivers packages and freight to more than 220 countries each day[1]. hub. API will consolidate four of its warehouse facilities into a recently completed distribution center developed by Industrial Developments International, INC (IDI IDI ICC (International Cricket Conference) Development International Conference) IDI Israel Democracy Institute IDI I Doubt It IDI Initial Domain Identifier IDI In-Depth Interview ) in early 2007. The lease between IDI and API has a 10 year term with various expansion options. The Company believes that the modern facility coupled with recent significant investments in SAP and state of the art telephony technology enable API to continue to provide its customers the highest levels of service and support. Michael Culver Michael Culver (born June 16, 1938 in Hampstead, London) is an English actor, best known to television viewers for his role as Major Erwin Brandt in the 1970s BBC drama Secret Army. He also played the strict Prior Robert ("Brother Prior") in the television series Cadfael. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of FAVS stated that "This is a significant milestone in the development of API. We have been analyzing various facility scenarios over the last three years and believe this is an excellent solution for our distribution and logistic customers." API's corporate offices will remain at 3778 Distriplex Drive North in Memphis, Tennessee, a short distance from the new facility. API offers worldwide customer service 24 hours per day, 7 days per week, 365 days per year (+1.888.API.24X7 or +1.901.365.3470 extension 2171) through strategically located distribution centers in the USA, Canada, China, Philippines and Europe. About Aerospace Products International Aerospace Products International, Inc., headquartered in Memphis, Tenn., is a leading provider of innovative distribution and supply chain services for the aviation industry. API distributes aircraft parts and related products and components to manufacturers, maintenance providers, and operators of some of the most widely used commercial and general aviation aircraft. In addition to its product supply services, API offers the aviation industry extensive supply chain management and third-party logistics services and solutions, including forecasting and procurement services, inventory management, rotables management, and product sales. API also offers overhaul and repair services for brakes and starters/generators, and builds custom hose assemblies. Its parent company, First Aviation Services Inc., (NASDAQ: FAVS) is a worldwide leader in providing services to operators of some of the most widely used military, commercial and general aviation aircraft. More information is available at http://www.apiworldwide.com and http://www.firstaviation.com. |
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