Aeroquest International Limited

Aeroquest International Limited

October 31, 2011 09:30 ET

Aeroquest International Limited Announces Appointment of CEO and CFO

TORONTO, ONTARIO--(Marketwire - Oct. 31, 2011) -


Attention business/financial editors and reporters:

Aeroquest International ("Aeroquest" or the "Company") (TSX:AQL) announced today that Mr. Bob Motz, has been appointed President and CEO, and a director of the Company, with immediate effect.

Mr. Motz has been Chief Financial Officer of Aeroquest since 2008 and was appointed Interim CEO upon the resignation of Roy Graydon in May of 2011.

"The Board appreciates the contribution that Bob has made as Interim CEO" said Keith Morrison, Aeroquest Chairman. "The Board is confident of Bob's ability to facilitate change and align the Company with its strategy of focusing on organic growth."

"I am excited about this appointment and am looking forward to the challenge." said Bob Motz. "It gives me the opportunity to continue to explore all opportunities to add value to shareholders of the Company."

The Company also announced today that Mr. Marc Beisheim has been appointed Chief Financial Officer of the Company with immediate effect. Mr. Beisheim is a Chartered Accountant and a senior financial, operational and administrative executive who has worked with both multi-national and Canadian corporations.

About Aeroquest International

Aeroquest collects and interprets data that reveals what is at and beneath the earth's surface. Aeroquest applies the best available technology in its world-wide search for economic concentrations of mineral and petroleum resources and in the precision-mapping of the earth's surface and objects upon it. Aeroquest offers airborne geophysics surveys through Aeroquest Airborne, aerial geomatics surveys through Aeroquest Optimal, and the custom design and construction of geophysical sensors and instruments through Geophex.

With over 150 employees and contractors, and a fleet of over two dozen helicopter and fixed wing survey systems worldwide, Aeroquest is surveying on every continent in the world where exploration activity is underway, and over its history has logged over 10 million line kilometers of fixed wing surveys and over 1 million line kilometers of helicopter surveys – enough to circle the globe over 300 times. More information about Aeroquest International can be found at

For Investors

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's recent filings, available on SEDAR.

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