SOURCE: Aero Performance Products, Inc.

May 15, 2008 18:27 ET

Aero Performance Products, Inc. Files Quarterly Report

SOUTH JORDAN, UT--(Marketwire - May 15, 2008) - Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, has filed its quarterly report on Form 10-QSB for the period ended March 31, 2008 with the Securities and Exchange Commission.

The complete 10-QSB filing can be found by clicking the "View SEC Filings" link on the company website, www.aeroperformanceproducts.com.

Sales for the quarter increased 5% over the same period last year. Expenses for the quarter were reduced by nearly 40%, primarily due to lower advertising and marketing expenditures.

"We are pleased to report increased sales for the first quarter. While the automotive industry is reporting declining sales, we are pleased to report a modest 5% increase in sales for the first quarter," stated Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. "The company did experience a robust increase in sales for both January and February of 30% and 60% respectively, although revenues for March were down, due to an increased demand and lower than expected supply of Aero Exhaust products. Many of the orders that were taken in March, had to be delayed until April, when additional product was received. Further impacting the cost of goods sold was the need to buy product back from certain distributors to fill orders from other distributors.

"During the company's growth phase, when the number of distributors is increasing and the demand for product is expanding, keeping up on supply remains an issue that the company has and will continue to address. We have already received additional shipments of product, and additional deliveries have been made to our warehouse distributors. Management will continue to work to ensure that the company has more product available as we progress through the second and third quarters of the year, which is the peak season in the performance automotive market.

"The sales of Aero Exhaust products in April and thus far in May are improved over last year and show a significant improvement over March's performance. We expect those numbers to positively impact the second calendar quarter financial results. We also continue to cut costs, and the consolidation of a number of corporate and operational functions in our new facility is expected to contribute to even lower expenses for Aero in the coming quarters.

"Management is exploring a number of financing strategies that will continue to provide the necessary growth capital but are not based upon the current stock price. We believe the stock is severely undervalued, and management does not want to participate in any financing that could adversely affect shareholder value. The entire Aero organization is extremely grateful for the continued support we receive from our shareholders and look forward to positive results in the future."

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About Aero Performance Products, Inc.

Aero Performance Products, Inc. (www.aeroperformanceproducts.com) operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Aero's product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.

Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K for fiscal year 2007 filed with the Securities and Exchange Commission.

Contact Information

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    A. Beyer
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