Press Releases: 2007-09
Aeromechanical Services Ltd. announces issuance of stock options
May 27, 2008
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
AeroMechanical Services Ltd. TSX-V Trading Symbol "AMA"
A Tier 2 Industrial Issuer
CALGARY, May 27 /CNW/ - AeroMechanical Services Ltd. ("AMA") announced
today that AMA, under the formal stock option plan approved at the Annual
General and Special Meeting held on May 22, 2008, has granted incentive stock
options for a total of 830,000 common shares to employees, directors, and
officers of AMA, subject to regulatory approval. Terms include an exercise
price of $0.83 per share, vesting of all of the options occurring immediately
and 1/3 of the total options granted expiring equally at the end of each year
on December 31 of 2009, 2010 and 2011. A maximum of 10% of the issued shares
are reserved for the issuance of AMA's Stock Option Policy. The options are
subject to a four month hold period expiring September 28, 2008.
About AeroMechanical Services Ltd.
AeroMechanical Services Ltd. provides proprietary technological solutions
and services designed to reduce costs and improve efficiencies in the airline
industry. The company has successfully patented and commercialized three
products and associated services currently marketed to airlines, manufacturers
and maintenance organizations around the world. Its premier technology,
afirs (TM) UpTime(TM), allows airlines to monitor and manage aircraft
operations anywhere, anytime, in real-time.
afirs, UpTime, FLYHT and aeroQ are Trade Marks of
AeroMechanical Services Ltd.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
%SEDAR: 00016486E
For further information: on AMA contact: Tom French, CFO, AeroMechanical Services Ltd, (403) 291-7427, tfrench@amscanada.com, www.amscanada.com; Bob Beaty, The Howard Group Inc., Toll Free: 1-888-221-0915, Info@howardgroupinc.com, www.howardgroupinc.com