First Aviation Announces Preliminary 2004 Annual Meeting Voting Results: Board of Directors' Nominees Re-elected by Stockholders.

Business Editors

WESTPORT, Conn.--(BUSINESS WIRE)--June 15, 2004

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 FAVS Fabbrica Armi Valle Susa
FAVS Fighter Attack Visual System ) today announced preliminary voting results from its 2004 Annual Meeting of Stockholders held this morning in Memphis, Tennessee, at the office of its subsidiary, Aerospace Products International. The preliminary report of IVS ivs - INRIA Videoconferencing System.

A video-conferencing tool for the Internet based on the H.261 video compression standard.

http://zenon.inria.fr:8003/rodeo/personnel/Thierry.Turletti/ivs.html. Associates, Inc., the independent inspector of election, indicated that the Board of Directors' nominees, Michael C. Culver and Robert L. Kirk, were re-elected by the stockholders to the Board, defeating the nominee of the dissident stockholder. Of the votes cast by stockholders, approximately 61% were cast for the re-election of the board's nominees, Mr. Culver and Mr. Kirk. Moreover, of the votes cast by stockholders unaffiliated with the dissident stockholder, approximately 90% were cast for the re-election of the board's nominees, Mr. Culver and Mr. Kirk. IVS' preliminary report also indicated that stockholders ratified the appointment of Ernst & Young LLP LLP - Lower Layer Protocol as the company's independent auditors for the year ending January 31, 2005, and rejected the dissident stockholder's proposal regarding cumulative voting A method of election of the board of directors used by corporations whereby a stockholder may cast as many votes for directors as he or she has shares of stock, multiplied by the number of directors to be elected. for director elections. These results are subject to final tabulation tab·u·late
tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates
1. To arrange in tabular form; condense and list.

2. To cut or form with a plane surface.

adj.
Having a plane surface. , review and certification. FAvS expects that the final report will be issued by IVS within two weeks.

Stan Hill, an independent member of the Board, stated, "First Aviation's Board is gratified 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. by the results, and we would like to thank our stockholders for their continued confidence and support."

About First Aviation

First Aviation Services Inc. (FAvS), located in Westport, Connecticut, together with its principal operating subsidiary, Aerospace Products International, Inc. (API), based in Memphis, Tennessee, is one of the premier suppliers of aircraft parts and components to the aviation industry worldwide and is a provider of supply chain management services, including third party logistics and inventory management services, to the aerospace industry. API (with locations in the U.S., Canada and Asia, plus global partners throughout the world) distributes the products of more than 150 parts and components manufacturers and suppliers. In addition, API performs brake and starter/generator overhaul services and is a Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control authorized hose assembly facility. Customers of FAvS include passenger and cargo airlines, fleet and corporate aircraft operators, fixed base operators, helicopter and recreational operators, certified repair facilities, flight training schools, governments and military services.

More information about First Aviation can be found our World Wide Web sites: http://www.favs.com and http://www.apiparts.com.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Jun 15, 2004
Words:	391
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