He added, "While modestly capitalized, Trans-Pacific has on a timely basis achieved all of its pre-manufacturing goals, and is now nearing the launch of its products. The news of Trans-Pacific's launch, coincides closely with the unveiling of China's C919 single-aisle passenger plane at Airshow China 2010.About the Airline Stock Review Each issue of the Airline Stock Review covers publicly traded companies in the aviation industry and includes hyperlinks to the news origination source for full coverage. The newsletter additionally reports on the availability of streaming audio/video profiles, press releases, shareholder conferences and interviews with senior management of the companies covered. Through Thomson Financial, Airline Stock Review hard copy research reports are made available to more than 22,000 of the world's largest institutional money management firms controlling over $20 trillion in assets and over 950 of the world's leading research firms including brokers, investment banks and independent research firms. About Trans-Pacific Aerospace Trans-Pacific Aerospace designs, engineers and manufactures self-lubricating and metal on metal 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. in Hong Kong, and Godfrey (Guangzhou) Bearing Company in China, 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 Statements This 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.
Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) announced today that it has engaged the services of Institutional Analyst Inc., (IAI) a highly regarded investor and public relations firm specializing in creating market awareness programs for publicly-traded companies involved in thirteen distinct industries via industry specific financial web portals including the Internet, Biotech, Alternative Energy, Airlines and Private Equity. IAI, which is headquartered in Chicago, introduces small cap and micro-cap companies to professional investors including investment brokers, small cap mutual funds, private investment managers and hedge fund managers. The firm publishes four industry specific newsletters including the Internet Stock Review, the Biotech Stock Review, the Hollywood Stock Review and the Airline Stock Review, which are distributed free to industry and trade executives. Bill McKay, CEO and President stated, "We're excited to retain the services of IAI and its team of advisors as we near the launch of our self-lubricating spherical bearings for commercial aircraft, via our China based manufacturing and assembly facility. We intend on keeping our current and future shareholders accurately apprised of our progress as we enter this highly lucrative and rapidly expanding Chinese market." "With the recent news of China's desire to reshape the global aviation industry by manufacturing its own large commercial aircraft and build 70 airports by 2020, the opportunity for Trans-Pacific Aerospace is near limitless," stated Roland Rick Perry, managing director for IAI. "To meet demand China's domestic airlines will need to buy an estimated 4,330 new aircraft, valued at $480 billion, over the next two decades. Management at Trans-Pacific, brilliantly we might add, had the foresight to establish early on a joint venture and acquire an equity stake in a China based bearing manufacturing company, to comply with the Chinese government mandate which has required foreign suppliers to set up joint ventures with Chinese companies. We are pleased to have been offered the opportunity to introduce them to the investment community."