Jeff,
News Release from PRTS this Am. If you get a chance go to the company's PRTS site and listen to last conference call. Here is the release:
TSSW's cost basis is $2.50 per share
Director of E-business for Honeywell Aerospace Services Joins PartsBase.com as COO
BOCA RATON, Fla., May 2 /PRNewswire/ -- PartsBase.com Inc. (Nasdaq: PRTS) PartsBase.com, a leading provider of e-commerce services to the aviation industry, today announced the appointment of Andy Plyler as Chief Operating Officer. Plyler formerly served as Director of E-business for Honeywell Aerospace Services. Plyler was instrumental in the formation, strategy, and implementation of MyAircraft.com, a joint partnership between United Technologies, Honeywell and i2 Technologies.
"Andy's extensive aerospace background, coupled with his knowledge and hands-on experience in the e-commerce arena make him ideally suited in helping PartsBase.com emerge as the leading e-marketplace in the aerospace industry," stated Robert Hammond, CEO of PartsBase.
Plyler was instrumental in the development of AlliedSignal's (now Honeywell) e-business strategy. Before his involvement in development of this strategy he was Director of Repair & Overhaul for AlliedSignal Aerospace's component facility in Phoenix, Arizona. Prior to joining AlliedSignal, Plyler was Vice President of Operations for BFGoodrich Aerospace in Everett, Washington. Plyler has also worked as a business process-reengineering consultant for American Management Systems, and prior to that was a manager for Delta Air Lines.
"PartsBase has built an incredible customer base by delivering functionality and outstanding customer service that is highly valued by the aerospace industry. PartsBase's first mover advantage in the aerospace e-marketplace, coupled with their present functionality, makes PartsBase tough to beat," said Plyler. "My initial focus will be to work with the existing team to build on their strategic vision and ensure that we continue to enrich our current offerings, expand our marketplace, and begin building the industry alliances that we need to ensure the marketplace's success."
About PartsBase.com Inc.
PartsBase.com is an online provider of Internet business-to-business e-commerce services for the aviation industry. The Company's global e-marketplace provides a means for over 18,000 members in more than 125 countries to buy and sell new, used and overhauled aviation parts, perform auctions, look for a job or employee, and sell aircraft in an efficient, competitive, and cost-effective manner. Current members of PartsBase's e-marketplace include Boeing, Honeywell, Federal Express, Pratt & Whitney, Northrup Grumman and United Parcel Service.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to competition from other business-to-business service providers, the company's ability to grow its subscriber base and successfully generate transaction-based revenues. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the increasingly competitive and constantly changing nature of the business-to-business e-commerce market. More information about potential factors that could affect the company's business and financial results is included in the company's Registration Statement on Form S-1 (SEC File No. 333-94337), as amended, which is on file with the Securities and Exchange Commission (http://www.sec.gov). The accompanying condensed statements of operations and balance sheets are an integral part of this announcement.
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SOURCE: PartsBase.com Inc.
CONTACT: Michael Siegel, Chief Financial Officer, msiegel@partsbase.com, or Steven Spencer, VP, Investor Relations, sspencer@partsbase.com, both of PartsBase.com, 561-443-3302, or fax, 561-443-7092
All Headlines
Additional Headlines
PRN 05/02 08:00 Director of E-business for Honeywell Aerospace Services Joins PartsBase.com as COO
PRN 04/25 15:45 PartsBase 1st Quarter Net Revenues Exceed 1999 Total Net Revenue by 51.8%
PRN 04/19 10:02 PartsBase.com's 1Q Financial Results Conference Call Available On The Web
PRN 03/31 08:02 Ariba B2B Commerce Platform Powers Partsbase.com, First Operational B2B Marketplace for Aviation, Aerospace Industries
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