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