Fields Aircraft Spares Appoints Former British Cabinet Minister to Board of Directors
SIMI VALLEY, Calif.--(BUSINESS WIRE)--Feb. 24, 1998--Fields Aircraft Spares Inc. (Nasdaq:FASI - news) Tuesday announced that, effective Feb. 14, it named Sir Jeremy Hanley to its Board of Directors as an independent director.
Hanley's experience in government and industry, particularly the aviation industry, spans more than 30 years. He was a member of the Cabinet of the British Government under Prime Minister John Major, and served as Minister of State at the Foreign and Commonwealth Office with direct responsibility for the Middle East, Far East and Pacific regions.
Hanley also acted as Minister of State for the British Armed Forces from 1993 to 1994. He is a chartered accountant and has consulted on numerous financial transactions with top banks, insurance companies and other financial institutions throughout the world.
Peter Frohlich, chairman of the board for Fields, commented on the appointment: ''We could not have envisioned adding anyone with a broader global knowledge base than Jeremy. His business and foreign relations experience will be a huge asset to the company. As we move forward with our planned European expansion, as well as other regions, he will certainly be instrumental.''
Alan Fields, president of Fields Aircraft, stated: ''We are very pleased to have Jeremy Hanley join our board and to add his business savvy to our already well-rounded team. He certainly brings a wealth of knowledge, and to have someone aboard of his caliber is indicative of the viability and growing strength of our organization.''
Fields Aircraft, through its wholly owned subsidiaries Fields Aircraft Spares Incorporated and Fields Aero Management Inc., is a manufacturer and a leading distributor of aircraft cabin interior replacement products and is a broker for a wide variety of factory-new parts applicable to various 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 fieldsair.com.
Statements in this news release that relate to future plans, financial results or projections, events or performance, including statements with respect to future business potential 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 necessary capital or financing, the price and availability of aircraft parts and other materials, successful execution of the company's expansion plans, failure to maintain existing customer or vendor relationships, shifts in market demand, general economic conditions 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.
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Contact:
Fields Aircraft Spares Inc., Simi Valley
Alan Fields, 805/583-0080
or
Coffin Communications Group, Sherman Oaks
Michael S. Manahan, 818/789-0100 |
