Fields Aircraft Spares Engages Robb Peck McCooey to Further Strengthen its Strategic Acquisition and Financing Activities
SIMI VALLEY, Calif.--(BUSINESS WIRE)--June 10, 1999--In a move to bolster its growth strategy, Fields Aircraft Spares, Inc. (Nasdaq:FASI - news) announced today that it has retained the New York-based Investment Banking Division of Robb Peck McCooey Institutional Services.
During its fiscal year ended Jan. 1, 1999, Fields Aircraft Spares acquired and integrated two subsidiaries and grew its revenues by 97% over the prior fiscal year. Robb Peck McCooey will assist Fields in increasing its growth momentum through corporate finance and acquisition activities which are designed to increase shareholder value.
''Our acquisition strategy has served us well within the consolidating aircraft spares and distribution industry. With Robb Peck McCooey's 75 years of Wall Street investment expertise supporting us, we are even better positioned to identify, finance and integrate prospective acquisition candidates. We believe our accelerated acquisition strategy will result in enhanced value for all of our shareholders,'' stated Alan Fields, president and CEO of Fields Aircraft Spares.
Robb Peck McCooey Financial Services, Inc. is one of the fastest- growing firms on Wall Street. The company has two main corporations: Robb Peck McCooey Specialist Corp. is one of the largest New York Stock Exchange specialist firms, representing over 200 stocks; Robb Peck McCooey Clearing Corp. has cleared as much as 3% of the NYSE's volume and is a Nasdaq market maker. Further information regarding Robb Peck McCooey is available at www.robbpeck.com.
About Fields Aircraft Spares
Fields Aircraft Spares, Inc., through its wholly owned subsidiaries Fields Aircraft Spares Incorporated, Fields Aero Management, Inc., Flightways Manufacturing, Inc. and Skylock Industries, is a manufacturer and leading distributor of aircraft cabin interior replacement products and is a redistributor for a wide variety of factory new parts applicable to the majority of commercial aircraft models and manufacturers.
Additional information about Fields, including access to copies of its periodic filings with the Securities and Exchange Commission, is available on the company's Web site at www.fieldsair.com.
Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements as a result of a number of factors, including but not limited to competitive factors and pricing pressures, ability to obtain profitability and obtain enough capital or financing to sustain the company until such time, the price and availability of aircraft parts and other materials, successful execution of the company's expansion plans, including the ability to complete contemplated acquisitions and to successfully combine the businesses, the ability to control costs, the ability to maintain existing customer or vendor relationships, shifts in market demand, general economic conditions, Year 2000 issues and other risks and uncertainties discussed in periodic reports filed by the company with the Securities and Exchange Commission and which the company urges investors to consider. Copies of filed reports may be requested from the company or obtained from the company's Web site. |
