Unassociated Document


     

    FOR IMMEDIATE
RELEASE

     

     

    August
30, 2010

     

     

    Contact
Investor Relations:

     

    William
McKay, Chief Executive Officer

    626-755-1211

    wrmckay@gmail.com

    Website:
www.transpacificaerospace.com

     

     

    Trans-Pacific
Aerospace Company, Inc.
Appoints Kevin Gould to Board of Directors; Aerospace Veteran Joins the
Team

     

     

    SAN JUAN CAPISTRANO, CA-- (Businesswire
) - Trans-Pacific Aerospace Company, Inc. (OTC.BB:TPAC - News) announced today that it has appointed
Kevin Gould, an aerospace veteran from Boeing, Adam Aircraft Industries and
Piper Aircraft, to serve on its board of directors.

     

    Kevin
Gould served as President and CEO of airplane manufacturer Piper Aircraft since
early 2009.  During that time, the company doubled its market share,
elevated spare parts fill rates by outsourcing their distribution to Aviall,
successfully introduced the two-seat PiperSport by partnering with manufacturer
Czech Sport Aircraft, overhauled and globalized its sales and distribution
channel, initiated Facebook/YouTube/Twitter marketing programs, cut SG&A
through innovative restructuring of its product liability risk management, and
re-launched development of its PiperJet aircraft.

    


    Prior to
becoming CEO, Kevin Gould was VP of Operations at Piper from
2005-2009.  As such, he was a member of the executive team that turned
around and sold the company to a foreign sovereign wealth
fund.  During his tenure as VP of Operations, the company reorganized
its manufacturing operations, increased on-time deliveries from 50% to 99%,
reduced labor costs 20%, decreased material costs 10%, cut cycle times 50%
(resulting in working capital reductions of $7m), and improved quality by
50%.

    


    Previously,
Kevin Gould was VP of Operations at startup aircraft manufacturer Adam
Aircraft.  There he set up production operations for the company's
carbon fiber piston and jet airplanes.  Before joining Adam Aircraft,
Kevin acquired, turned around and sold healthcare documentation startup
Clinicient which provides internet-based documentation and billing services to
the physical therapy industry.  Earlier, Kevin spent 12 years in
various management and executive positions at Boeing, managing manufacturing,
engineering, financial and facilities functions in the commercial aircraft
division of the company.  In his last assignment at Boeing, he formed
and led the business unit that designed, manufactured and procured all wire
harnesses and electrical components for the company's 777, 747, 767, 737 and 757
commercial aircraft.  Prior to Boeing, Kevin spent 3 years managing
production and finance functions at Hewlett-Packard's signal generator and radio
frequency analyzer test division.  He also spent 3 years as an
attorney at a major Los Angeles law firm, practicing business and real estate
law.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    "We're thrilled that Kevin has joined
the board of directors," said Bill
McKay, Trans-Pacific
Aerospace CEO. "We are searching for board members with industry experience,
expertise and contacts to enhance the profile of Trans-Pacific Aerospace
Company.  Kevin has all of these qualities in addition to a strong
background in foreign
sourcing of aerospace products.  We plan on tapping Kevin’s knowledge and skills in order to
improve and grow the company.  We are confident that Kevin will help
us tremendously in executing our business plan.  As Trans-Pacific
develops new product lines for applications in China
we believe that Kevin, who has an established relationship with AVIC, will be
able to work with AVIC and several of China's new super ministries, which we
hope will give us a marketable advantage in the Chinese aerospace sector."

     

    Kevin has
served on several boards of directors including Piper Aircraft, General Aviation
Manufacturers Association (executive committee and chairman of Product Liability
committee), BECU ($4 Billion financial institution) and United Way of Snohomish
County.  He holds an MBA from Harvard University, a MS in management
from Stanford University's Sloan program, a JD from University of Southern
California and a BA from Washington State University.  He has a wife
and two grown children and enjoys tennis, skiing, flying, motorcycling and
automobiles.  He is an instrument rated pilot.

     

    Trans-Pacific
Aerospace Company plans to
use its proprietary aerospace bearing technologies to manufacture and sell
component parts for both new commercial aircraft and spares for the existing
commercial fleet, initially through a joint venture in China. The component
parts are referred to as self-lubricating spherical bearings,
and they help with several flight critical tasks including aircraft flight
controls and landing gears.

     

    Information About Forward-Looking
Statements

     

    This press release contains or
incorporates by reference "forward-looking statements" including certain
information with respect to plans and strategies of Trans-Pacific Aerospace
Company, Inc. For this purpose, any statements contained herein or incorporated
herein by references that are not statements of historical fact may be deemed forward looking statements.
Without limiting the foregoing, the words "believes," "suggests," "anticipates,"
"plans," "expects," and similar expressions are intended to identify forward
looking statements. There are a number of events or actual results of Trans-Pacific Aerospace
Company, Inc. operations that could differ materially from those indicated by
such forward-looking statements.