International Aerospace Notified of $750,000.00 USD Bid Award
June 30th, 2009 | Author: Tom
International Aerospace Enterprises, Inc. (OTCBB: IARO) today announced that the company has been Awarded a $750,000.00 USD bid award for military aircraft spare parts by the Egyptian Air Force. The award is immediate evidence that the company’s International Targeted Sales Strategy is right on target as reported in the June 18, 2009 news release titled “International Aerospace Enterprises Inc. Launches Targeted Worldwide Sales Program.” Mr. John Peck, IARO’s CEO, reported, “The initial sales to the Egyptian Air Force is the first of over $13 million USD in our international sales pipeline.”
He voiced some concern that, “IARO’s management team feels that the current and future value of the company is not reflected in the company’s current share price but is reflective of the decisions made by the shell’s previous management.” He continued by stating that he is, “confident that the Company’s international sales performance and future earnings will better reflect the real value of International Aerospace Enterprises, Inc. for both our company and our shareholders.”
Mr. Peck further stated, “I have some additional exciting news to report to our Shareholders. As of July 1, 2009, Mr. Saffet Uslu, our current exclusive International Sales representative, has accepted the position of President of IARO.”
Mr. Uslu has a Bachelor of Science and his Master’s degree in Mechanical Engineering from University of Southern California. He has obtained his dual citizenship in both the United States of America and the Republic of Turkey. His 14 years of experience in international military aircraft spare parts sales and his dual citizenship, with one of the United State’s key Allies in the Middle East, makes him an exceptional addition to IARO’s Management Team.”
Mr. Uslu stated, “I am both excited and proud to have been asked to join IARO’s Management team. To have an opportunity to be involved with an exciting company like IARO, at its foundational level, happens only once in a life time. I am dedicated and confident that IARO will produce exceptional shareholder value for in its stockholders in both the short-term and long-term through performance. I am prepared to work hard with our management team and for our shareholders.”
About International Aerospace Enterprises, Inc.
International Aerospace Enterprises, Inc. (OTCBB: IARO) is an innovative and aggressive provider of discounted military aircraft spare parts for U.S. Ally partners throughout the world. The company offers inexpensive and shipment ready aircraft spare parts for both military and commercial aircraft users that meet all industry standards for quality manufacturing.
Note: Certain Statements in this news release may contain forward-looking information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. We use words such as ‘anticipate,’ ‘believe,’ ‘expect,’ ‘future,’ ‘intend,’ ‘plan,’ and similar expressions to identify forward-looking statements. These statements including those related to being in a large and growing market, exhibiting rapid growth characteristics, and having a growing strategy, are forward looking statements. These forward looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or assumptions in this press release include the risk that we will not be able to grow our revenues and market share, the risk that our prices do not remain competitive and the risk that we will not achieve profitability. Additional risks are identified and described in the Company’s public filings with the Securities and Exchange Commission, including our most recent Report on Form 10-KSB and Reports on Form 10-QSB and Form 8-K. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company’s past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statement to reflect occurrences, developments, events, or circumstances after the date of such statement.
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