Wednesday, 20 February 2008

Two Same-Day Television Appearances Fluff AeroMechanical Shares


On a day when AeroMechanical (AMA) was featured on Discovery Channel, a science television show that is distributed around the world, an analyst also praised its technology on the Business News Network (BNN.) Both of the Feb. 20th broadcasts kept wind in AMA's sails, as other corporate ships fell into doldrums, or worse, on gloomy reports by the Federal Reserve Board about the United States economy.

AMA's shares hit $1.00 briefly before settling to a $0.99 close on relatively healthy volumes of about 244,000 shares.

The Discovery Channel broadcast a segment on how AMA helped the Indian Air Force smash a previous world record for a round-the-world microlight aircraft flight. The segment was aired twice on the evening of Feb. 19th and twice on the morning of Feb. 20th.

On the same day, Robert McWhirter, president of Selective Asset Management appeared on BNN and talked about the value of AMA's technology to the airline industry. He said one of his funds owned AMA stock but he wasn't going to push the buy button again until AMA showed some, "indications of success for installations (of its technolgy.)" McWhirter said he hoped those indicators would appear in the next three months. To view the full interview please click here.

AMA had its technology installed on 95 aircraft as of February 2008 and it had 687 aircraft under contract through 27 airlines to install its communication, tracking and trouble-shooting technology.

One of those 27 airlines was also announced on Feb. 20th as AMA gave details of a contract with an unidentifed North American carrier. While it involved a relatively small number of aircraft - two - the press release also stated the contract held the possibility of contracting other aircraft in its fleet as the airline company expanded.

Please click here to view the full press release.