Aerospace Products International - API - Announces Exclusive Distribution for Barry Controls Aerospace in Asia.Business Editors 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.--(BUSINESS WIRE)--March 10, 2000 Aerospace Products International (API (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. ), the fastest growing supplier of aerospace products and services to the commercial, regional, military and general aviation industries, and a subsidiary of First Aviation Services Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FAvS), announced today that it has been appointed an Exclusive Distributor for Barry Controls Aerospace products in the Asia Pacific Region. The combination of API's high-quality sales, support and distribution network and Barry's complete engine vibration product line offers the customer a quality solution to meet all of their isolator i·so·late tr.v. i·so·lat·ed, i·so·lat·ing, i·so·lates 1. To set apart or cut off from others. 2. To place in quarantine. 3. needs. API will offer the full line of Barry Controls Aerospace Vibration Isolator products. API's new distribution and logistics center in the Philippines will provide a total service solution for the Barry product line to customers operating Boeing (including McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. ), Airbus, Embraer, Saab, ATR ATR Achilles tendon reflex, see Ankle reflex , Gulfstream, Lockheed, and other original equipment manufacturers. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jerry Schlesinger, President and Chief Executive Officer of API and Senior Vice President of FAvS, "This agreement is built on the long standing relationship API has had with Barry. We have been the largest distributor of Barry Controls Aerospace in the Americas for several years. This new partnership in the Asia Pacific region expands the relationship of the two companies. API's goal is to continue Barry Controls' history of providing high levels of customer service and to enhance that level of service." Among the many benefits, the Philippines location provides API direct access to FedEx's AsiaOne network. This service allows orders to be taken by API personnel until late evening with overnight delivery to virtually all markets in the region. Another benefit of the Clark International Airport location is the free trade zone, which allows for receiving and shipping products without duties and customs. The Philippines offers exceptional business amenities including modern facilities and qualified personnel. First Aviation, located in Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. , is a worldwide leader in providing services to aircraft operators of some of the most widely used military, commercial and general aviation aircraft. Its operations include Aerospace Products International, a leader in the supply of aerospace products and services worldwide. API offers more than 150 product lines in addition to overhaul and repair services for brakes and starter/generators, and custom built hose assemblies. With locations in the U.S., Canada and Asia plus global partners throughout the world, API continues to be the fastest growing supplier of aviation products and inventory management solutions in the industry. More information about First Aviation can be found on the World Wide Web at http://www.firstaviation.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The Company from time to time may discuss forward-looking information. Except for the historical information contained in this release, all forward looking information are estimates of the Company's management and are subject to various risks and uncertainties, including the Company's ability to obtain parts from its suppliers on a timely basis, and other items that are beyond the Company's control and may cause results to differ from management expectations. |
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