Trans-Pacific Aerospace Company, Inc. (OTCBB:TPAC) announced today that it has appointed Alex Kam, Ray Kwong and Peter Liu to its board of directors. Mr. Kam and Mr. Liu are both shareholders and board members of Hong Kong-based Godfrey (China), Ltd., in which Trans-Pacific Aerospace owns 25%. Mr. Kam and Mr. Liu together control 25% of Godfrey (China), Ltd. Mr. Kwong was previously a member of Trans-Pacific Aerospace's board of advisors. "We are absolutely thrilled with the additions of Alex, Peter and Ray as directors," said Bill McKay, Trans-Pacific Aerospace CEO. "These gentlemen and I have been working together on the creation of our China joint venture from the inception, so they know every aspect and what it will take to make it a success. Together with Greg Archer and Kevin Gould, the board is now fully comprised of aerospace and China business veterans, whose guidance, we believe, is sure to enhance company performance." Mr. Kam and Mr. Liu own a number of manufacturing and service companies in the United States and China that generate over $100 million in revenue annually. Mr. Kwong has been a strategic planning and marketing advisor to numerous Fortune 200 companies including Bank of America, Disney, Edison and Sun Microsystems. Mr. Kam, Mr. Liu and Mr. Kwong are also active in U.S./China bilateral trade facilitation, actively working with both governments and private interests to develop new trade relationships in such areas as green tech, nanotechnology, commercial aerospace, consumer electronics, software, real estate, banking, and hospitality. Mr. Kam received his MS and BS degrees from UCLA. Mr. Kwong holds an MBA and BA in Mass Communications from the University of Southern California. Mr. Liu received his MS and PhD from Auburn University, and his BS from Zhongshan University, China. Trans-Pacific Aerospace designs, engineers and manufactures self-lubricating spherical bearings for commercial aircraft, with planned product extensions using similar proprietary technology into maritime, power plant and space applications. Through its ownership in Godfrey (China), Ltd., it has a special operating license granted by China's Ministry of Science and Technology. Godfrey has completed prototype manufacturing and testing in China and is pursuing SAE parts qualification.
Information About Forward-Looking StatementsThis press release contains or incorporates by reference “forward-looking statements” including certain information with respect to plans and strategies of Trans-Pacific Aerospace Company, Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words “believes,” “suggests,” “anticipates,” “plans,” “expects,” and similar expressions are intended to identify forward-looking statements. There are a number of events or actual results of Trans-Pacific Aerospace Company, Inc. operations that could differ materially from those indicated by such forward-looking statements.