Aero Performance Products, Inc. Files Form 8-K Regarding Planned Acquisition of Jones Exhaust Systems, Inc.BLUFFDALE, Utah Bluffdale is a city in Salt Lake County, Utah, United States. The population was 4,700 at the 2000 census and had been estimated to increase to 6,087 by 2004 . The city was incorporated during the 1970s and has seen modest but accelerating growth since. -- Aero Performance Products, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AERP AERP Aero Performance Products Inc (stock symbol) AERP Amboseli Elephant Research Project AERP Automated Export Reporting Program AERP Aircrew Eye & Respiratory Protection AERP Alternative Emission Reduction Plan ), which owns controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Aero Exhaust, Inc., a world leader in performance exhaust airflow technology, today filed a Current Report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. with the Securities and Exchange Commission regarding its planned acquisition of Jones Exhaust Systems, Inc., one of the most respected specialty exhaust manufacturers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . A link to the filing can be found on the Home page of the company's website, www.aeroperformanceproducts.com. The Form 8-K outlines the definitive agreement entered into by and between Aero Performance Products and Jones Exhaust Systems, under which Aero will purchase all of the issued and outstanding shares of Jones Exhaust Systems, including its manufacturing assets for a cash payment of $2,000,000, and the assumption of up to $1,100,000 in debt. The debt being assumed by Aero in the transaction includes lines of credit used by Jones Exhaust for operating capital Noun 1. operating capital - capital available for the operations of a firm (e.g. manufacturing or transportation) as distinct from financial transactions and long-term improvements capital, working capital - assets available for use in the production of further assets . "The Form 8-K, which includes the definitive agreement as an exhibit, provides additional details regarding the purchase of Jones Exhaust Systems," commented Bryan Hunsaker, 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 Aero Performance Products. "We are working hard to clean up the balance sheet of Aero in preparation for the acquisition, and believe that both will be extremely beneficial for the shareholders. We are excited about the acquisition and the benefits it will provide to our customers, and also intend to follow this filing with additional information on the investment banking firm that we have retained to assist with this acquisition." Aero Performance Products paid an initial $25,000 upon the execution of the definitive agreement, leaving a balance of $1,975,000 due to complete the purchase. The combined revenues of Aero Exhaust and Jones Exhaust Systems are projected to approach $10 million. To sign up to receive information by email directly from Aero Performance Products whenever new press releases, investor newsletters, SEC filings, and other written material are issued, please visit http://www.aeroperformanceproducts.com. About Jones Exhaust Systems Jones Exhaust Systems, founded in 1968, is one of the largest manufacturers of chrome exhaust tips and glasspack mufflers, and performance diesel systems in the U.S. The company offers many unique products available nowhere else in the industry, including the "Full Boar" V-Power performance muffler muffler, in automobiles, device designed to reduce the noise from the exhaust of an internal-combustion engine. When the exhaust gases from an internal-combustion engine are released directly into the atmosphere, they create a loud noise, caused by the passage of the , which is the only muffler that utilizes flow deflector technology that is 100% reversible, the "Silver Vein" and "Black Vein" series of textured powder coated tips, and its "Midnight Pearl" dark shaded chrome tips. Jones Exhaust Systems also offers an extensive line of polished 304 stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. exhaust tips. In 2001, Jones Exhaust Systems, Inc. acquired Road Industries, Inc., a leading manufacturer of truck accessories. Road Industries, Inc. is recognized as the premier supplier of bed rails to the accessory market. In addition to bed rails, the company also produces utility racks. Full Boar Performance was acquired in 2003 to enhance Jones Exhaust Systems' position as a leader in both aftermarket exhaust and the performance exhaust industry. This acquisition doubled the facilities, and the company now manufactures an expanded line of specialty and performance exhaust products in 45,000 square feet of facilities with 70 employees. About Aero Performance Products, Inc. Aero Performance Products, Inc. (www.aeroperformanceproducts.com) owns controlling interest in 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. Racing 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for fiscal year 2007 filed with the Securities and Exchange Commission. |
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