Aero Marine Engine Announces Richard 'Richie' Powers as New President and Chairman.

Business Editors

TORRANCE, Calif.--(BUSINESS WIRE)--Jan. 13, 2004

Aero Marine Engine, Inc., (OTCBB: ARMR) a developmental stage company which has acquired the rights to the Dyna-Cam engine, a proprietary internal combustion engine, is pleased to announce today that Richard "Richie" Powers has been elected by the Board of Directors to the position of President and Chairman. This announcement comes in concert with the resignation of former Chief Executive Officer, Garth Bailey.

Bailey, who joined Aero Marine since inception as the Company's Chief Executive Officer and Chairman, has made significant contributions to Aero Marine over the past several months. Under his leadership, Aero Marine has progressed in implementing its internal business plan.

Bailey is leaving Aero Marine to dedicate his attention towards his law practice. "I am leaving with high expectations for Aero Marine. It was always my intention to lead Aero Marine until the Company was in a position to retain the services of a professional manager with impeccable credentials. Richie is that person. We are also in the process of bringing in another executive with the same degree of expertise as Richie. It has been a challenging and rewarding role for me, and I feel confident in leaving the future success of Aero Marine Engine in the hands of Mr. Powers," said Bailey.

Richard "Richie" Powers is best known for his accomplishments as a seven time World Champion offshore power board racer. Mr. Power's has assembled a vast repertoire of knowledge concerning the successful management of marine related enterprises. Mr. Power's commercial achievements include: Division Direct of Magnum Marine; Vice President/General Manager of Monza Power Boats; Racing Director for Team Gentry, Apache and Don Johnson Racing; General Manager of Intrepid Boats; Founder of Champion Marine; and key positions with Keikhaer Marine, Martini and Rossi and Mercury.

Mr. Powers said, "Aero Marine Engine was founded by men of extraordinary vision and entrepreneurship. I am extremely excited to be joining such an exciting venture and hope to draw upon my 35 years of marine engine and boat manufacturing experience to ensure the success of Aero Marine Engine."

It is anticipated that the new management team will have the ability through their contacts in the marine industry to make the introduction of the Dyna-Cam engine and Perma Tune's (OTCBB: TMXT) Plasmatronic Ignition readily acceptable to the industry.

About Aero Marine Engine, Inc.

The Dyna-Cam engine is an internal combustion engine where the pistons drive a cam to generate power to the main shaft. The main shaft is in a parallel direction to piston movement, without connecting rods or crankshaft. The engine has approximately 40% fewer moving parts than a conventional internal combustion engine, has a greater power to weight ratio, produces high torque at low rpm, operates with less vibration, and is lighter than the competition. Additional information on Aero Marine can be found at www.aeromarineengine.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Aero Marine Engine, Inc. takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties which is not paid for by the Company.