SOURCE: aeroTelesis, Inc.

April 12, 2006 08:55 ET

aeroTelesis Appoints Ivy Shim as Director-Korea

LOS ANGELES, CA -- (MARKET WIRE) -- April 12, 2006 -- aeroTelesis™, Inc. (OTC BB: AOTL) announced that the Company has engaged Mr. Ivy Shim as Director-Korea.

Mr. Shim's primary responsibilities will be to provide guidance in the ASIC development process which includes testing and production. Mr. Shim will also work with semi-conductor design houses, foundries, and set-top box manufacturers and serve as the company's liaison in Korea. Mr. Shim brings extensive knowledge of the semi-conductor industry with over 20 years of experience at companies such as Hyundai Electronics, Hynix, and Wiz Communications. His operational roles at these entities include Manager of Strategic Planning, Chief Marketing Officer, Chief Operating Officer, and as a Systems Engineer. Mr. Shim received his Bachelors of Science from Kyungbook National University in Korea, where he majored in Electronics and completed an MBA course from Yonsei University.

Joseph Gutierrez, the President of aeroTelesis, stated, "Ivy's extensive experience with the top semi-conductor design houses, foundries and set-top box manufacturers globally will greatly enhance our global presence. We are excited to have him on board."

"I am thrilled to join aeroTelesis at this exciting stage in the company's development,'' said Ivy Shim. ''I believe aeroTelesis' current strength combined with excellent relationships with our strategic partners positions us extremely well to take advantage of the tremendous growth potential of USM™. I look forward to the great opportunity ahead of us," said Mr. Shim.

About aeroTelesis, Inc.

aeroTelesis is an emerging technology-driven service provider that will enable satellite companies to maximize their bandwidth utilization. aeroTelesis' technology partner, Photron Technologies Ltd. (Photron) is the developer of a proprietary technology platform called Ultra Spectral Modulation (USM™). USM is a proprietary modulation technique that significantly increases spectral efficiency in satellite-based applications. aeroTelesis has the exclusive license from Photron to distribute USM-related products and services. Upon the completion of the development of USM, aeroTelesis intends to offer USM-related products and services to major satellite operators on a global basis. aeroTelesis is a Delaware corporation and is currently trading on the OTCBB under the symbol AOTL. For further information go to www.aerotelesis.com.

Forward-Looking Statements

This press release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include, but are not limited to, the Company's growth strategy, future milestones and projected operations. Forward-looking statements are inherently subject to uncertainties and other factors, which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include: the Company's reliance on Photron's ability to develop and commercialize its USM(™) technology; expand its operations to meet anticipated demand; the ability of the Company's technology to achieve anticipated benefits for its customers; ability to secure operating licenses in host countries; anticipated growth of the Company's target markets, unanticipated delays in manufacturing or shipments to customers; and its ability to achieve anticipated sales and profits. The Company refers interested parties to its most recent Annual Report on form 10KSB and its other SEC filings for a description of additional uncertainties and risk factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management and the Company has not assumed any duty to update its forward-looking statements.

Contact Information

  • Contact:
    aeroTelesis, Inc.
    Cerena S. Han
    310-235-1727
    Email Contact