SOURCE: Aero Performance Products, Inc.

July 09, 2008 09:04 ET

Aero Performance Products, Inc. Updates Progress Toward Over-the-Counter Bulletin Board Listing

SOUTH JORDAN, UT--(Marketwire - July 9, 2008) - Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today provided an update on the process of the company's application for a listing of its stock on the Over-the-Counter Bulletin Board (OTCBB).

One of the company's market makers filed a 15c2-11 exemption on behalf of Aero with the Financial Industry Regulatory Authority (FINRA). An exemption is available to market makers when they are moving from another quotation medium into the OTCBB.

The market maker that filed the 15c2-11 received a response from FINRA with two questions, which were immediately answered by the company.

"The questions that were asked as a result of our OTCBB application were extremely routine and very easily answered by the company," commented Aero Performance Products CEO Bryan Hunsaker. "We were pleased to provide immediate responses in order to advance this process as quickly as possible, and we look forward to seeing additional tangible progress toward a successful OTCBB listing in the very near future."

"With the company's recent fiscal quarter end, we are also planning to provide some revenue guidance on the period, especially since the fourth fiscal quarter is reported in the annual report, which is not due until September 28th. We expect our revenue growth to be positive and will share the information as soon as it is available in an upcoming press release," Mr. Hunsaker added.

Aero's OTCBB filing was made by a highly regarded brokerage firm, which has extensive experience in its industry and is a member of The Financial Industry Regulatory Authority (FINRA) and The Securities Investor Protection Corporation (SIPC).

To sign up to receive information by email directly from the company whenever new press releases, investor newsletters, SEC filings, and other written material is issued, please visit http://www.aeroperformanceproducts.com.

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

  • CONTACT:
    Gemini Financial Communications, Inc.
    A. Beyer
    951-677-8073
    Email Contact