Precision Aviation Group Begins Work on 12,000-square-foot Facility Expansion

Atlanta, GA. July 16, 2008 – In its continuing effort to provide the best products and value-added services to the worldwide aerospace and defense industry, Precision Aviation Group (PAG) – the exclusive provider of ISMRO (Inventory Supported Maintenance, Repair & Overhaul) – began work on expanding its headquarters at 495 Lake Mirror Road in Atlanta, GA.

The rapid growth of PAG’s four companies – Precision Heliparts (PHP), Precision Avionics & Instuments (PAI), Precision Heliparts-Canada (PHP-C) and Precision Accessories & Instruments-Canada (PAI-C) – necessitated the 12,000 square-foot expansion. The work will include renovations of PAG’s sales and service areas and is expected to be completed in six months, said PAG President David Mast.

“We are excited about the expansion of our headquarters in Atlanta. We have expanded our current facility twice during the last 10 years, but had reached maximum capacity as our business and employee ranks have grown by 80 percent over the last 3 years,” Mast pointed out.

PAG processes thousands of accessories, avionics, instruments, and other rotable items for repair and overhaul each year. PAG’s 38 technicians total more than 430 years experience in the general aviation field and 22 Sales team members each average over 14 years of support experience. PAG has a long history of expertise in repair management, as its employees have extensive knowledge of the aerospace & defense industry and keeps strong relationships with OEMs and other repair stations. PAG companies have FAA, EASA and Transport Canada certifications.

“After an exhaustive search, we decided that an expansion and renovation of our existing facility would best suit our requirements,” Mast added, “We are expanding our existing facility by 40 percent (from 30,000 square feet to more than 42,000 square feet), and are taking this opportunity to renovate our existing shops and offices and make large capital investments in tooling, equipment, technology and logistics to better serve our customer base, and provide a solid foundation for continued growth.”

About Precision Aviation Group (PAG) is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With sales/service facilities in the United States and Canada, PAG uses its distinct business units and customer focused business model to serve aviation customers through two business functions – Aviation Supply Chain and Inventory Supported Maintenance, Repair and Overhaul – (ISMRO).