Shane Traveller resigns as CFO of AERP
April 11, 2008 - 5:55 PM EDT
SOUTH JORDAN, UT, Apr 11, 2008 (MARKET WIRE via COMTEX) -- Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the resignation of Shane H. Traveller as interim chief financial officer of the company.
Detailed information regarding the resignation will be included in a Current Report on Form 8-K that will be filed with the Securities and Exchange Commission.
Aero's Chief Executive Officer Bryan Hunsaker will serve as interim chief financial officer until such time as the company appoints a permanent CFO.
"Due to an issue Mr. Traveller has related to another public company, he has chosen to resign, effective at the close of business today," commented Bryan Hunsaker, chief executive officer of Aero Performance Products, Inc. "Mr. Traveller felt the issue, while entirely unrelated to Aero, would hinder his ability to fully perform his duties with the company. We fully support his decision and wish him well in his future endeavors."
"Mr. Traveller's tenure as interim chief financial offic e r of Aero was always intended to be an interim solution until the company was able to locate a permanent CFO. The recent developments merely accelerated the timeline for finding a permanent replacement. We still anticipate filing our Q1 report on time and expect that it will not be affected by Mr. Traveller's resignation."
"We have been very busy lately tending to the activities of the company and look forward to communicating these accomplishments to our shareholders in the near future," Mr. Hunsaker added.
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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 a nd 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 pl a ns, 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.
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Gemini Financial Communications, Inc.
A. Beyer
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