Air Temp North America Signs Contract with the Largest German Car Manufacturer to Supply Heat Exchangers for New Models.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Air Temp North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Inc. (Pink Sheets:ATPN ATPN Application and Theory of Petri Nets ), the Company, through its wholly-owned subsidiary, Air Temp de Mexico, has signed a supplier contract with the largest German car manufacturer to supply oil heat exchangers. The contract calls for Air Temp de Mexico to start producing the heat exchangers over the next 90 days. It is expected that this new contract will add approximately $2 million of revenue to Air Temp de Mexico over the ensuing twelve months after production begins. The contract was only entered into after Air Temp de Mexico satisfied all of the high technical and production requirements and standards. Jorge Habib, Chairman and Chief Executive Officer of Air Temp North America, Inc., commented, "It is very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to be able to provide products to a world class company. We look forward to continuing to provide other similar companies with our products as well as expanding our relationship with this manufacturer." The Company also announced that the Corporation's Board of Directors was increased to three (3) directors. Abe Warshenbrot and Kevin Fitzgerald Kevin Terrel Fitzgerald (born ca. 1951), a native of Denver, Colorado, is a veterinarian at Alameda East Veterinary Hospital. He is notable for being on the Animal Planet show Emergency Vets for many years. were each elected as directors of the corporation. The new Board of Director's has scheduled its first meeting for February 28,2007 in Merida, Mexico. Air Temp North America, Inc. through its wholly-owned subsidiary, Air Temp de Mexico, designs, produces and markets systems and components of air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , ventilation and heat exchangers for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Its clients include many of the world's largest automotive companies. Forward-Looking Statements This press release contains, or may contain forward looking statements, such as statements regarding the growth and profitability and growth strategy in the industry in which the Company operates. The forward-looking statements contained in this press release are subject to other risks and uncertainties. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. |
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