MEMPHIS, Tenn., June 27, 2006 - Aerospace Products International, Inc. (API), a wholly owned subsidiary of First Aviation Services, Inc. (Nasdaq: FAVS) and leading provider of innovative distribution and supply chain services for the aviation industry, announces a major international expansion. In July 2006, API will open its newest distribution and logistics center located in Shanghai, China. Aerospace Products International (Shanghai), Ltd. will enhance the product distribution services that API has provided in China since 2000 and allow API to serve as a major third-party logistics provider in the Asia Pacific region.
API's new facility is a foreign enterprise, 100% owned by First Aviation Services, Inc., API's parent company. API's new facility in Pudong (Shanghai) is located in the WaiGaoQuao Free Trade Zone and will offer warehousing for API's product distribution and 3PL services. API's new company will offer import and export services and will be a "gateway to China" for our customers and suppliers.
First Aviation Services President & Chief Executive Officer Michael Culver stated that "since opening our first Asia Pacific logistics and distribution center in the Philippines in 2000, API has experienced rapid growth, now serving more than 400 customers in 34 countries throughout the region, including China. The new facility in Shanghai will serve as a major gateway to and from China for API's 150 product lines and for our current and future customers."
API offers worldwide customer service 24 hours per day, 7 days per week, 365 days per year (+1.888.API.24X7 or +1.901.365.3470 extension 2171) through strategically located distribution centers in the USA, Canada, China, Philippines and Europe and via its many partners located throughout Europe, the Americas and Japan.
About Aerospace Products International
Aerospace Products International Inc., headquartered in Memphis, Tenn., is the leading provider of innovative distribution and supply chain services for the aviation industry. API distributes aircraft parts and related products and components to manufacturers, maintenance providers, and operators of some of the most widely used commercial and general aviation aircraft. In addition to its product supply services, API offers the aviation industry extensive supply chain management and third-party logistics services and solutions, including forecasting and procurement services, inventory management, rotables management, and product sales. API also offers overhaul and repair services for brakes and starters/generators, and builds custom hose assemblies. Its parent company, First Aviation Services Inc., (NASDAQ: FAVS) is a worldwide leader in providing services to operators of some of the most widely used military, commercial and general aviation aircraft. More information is available at www.apiworldwide.com and www.firstaviation.com.