AeroMechanical Services Ltd. Announces Issuance of Stock Options

CALGARY--(BUSINESS WIRE)--AeroMechanical Services Ltd. (“AMA”) announced today that AMA, under the formal stock option plan approved at the Annual General and Special Meeting held on May 21, 2009, has granted incentive stock options for a total of 1,350,000 common shares, subject to regulatory approval, to employees, directors, and officers of AMA. Terms include: an exercise price of $0.27 per share; vesting of all of the options occurring immediately; and 1/3 of the total options granted expiring equally at the end of each year on December 31 of 2010, 2011 and 2012. A maximum of 10% of the issued shares are reserved for the issuance of AMA’s Stock Option Policy. The options are subject to a four month hold period expiring September 22, 2009.

AMA also wishes to announce that 150,000 options, exercisable at $0.27 per share, have been granted to The Howard Group Inc. (AMA’s contracted investor relations firm), subject to regulatory approval. The options will vest 50% December 31, 2009 and 50% December 31, 2010 and all expire December 31, 2011.

About AeroMechanical Services Ltd.

AeroMechanical Services Ltd. provides proprietary technological solutions and services designed to reduce costs and improve efficiencies in the airline industry. The company has successfully patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, afirs™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time.

afirs, UpTime, FLYHT and aeroQ are Trade Marks of AeroMechanical Services Ltd.

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