2009-11-03 21:10:02 -

AeroMechanical Services Ltd. (“AMA”) announced today that AMA, under the formal stock option plan approved at the Annual General and Special Meeting held on May 21, 2009, has granted an aggregate of 330,000 incentive stock options in recognition of superior performance to non-officer employees of AMA subject to regulatory approval.

The board of directors of AMA feel that the options granted would provide incentive to the employees to continue to build superior products, provide excellent service to AMA’s growing customer base and recognize the contribution they have made to shareholders over the past years. The directors and officers want to take this opportunity to thank AMA’s dedicated staff who have made this possible


Terms include an exercise price of $0.50 per

share, vesting of all of the options occurring immediately and 1/3 of the total options granted expiring equally at the end of each year on December 31 of 2010, 2011 and 2012. A maximum of 10% of the issued shares are reserved for the issuance of AMA’s Stock Option Policy. The options are subject to a four month hold period expiring March 3, 2010.



About AeroMechanical Services Ltd.

AeroMechanical Services Ltd. provides proprietary technological solutions and services designed to reduce costs and improve efficiencies in the airline industry. The company has successfully patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, afirs™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time.

afirs, UpTime, FLYHT, FLYHTstream and aeroQ are Trade Marks of AeroMechanical Services Ltd.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.



AeroMechanical Services LtdTom French, CFO, (403) 291-7427 tfrench@amscanada.com : mailto:tfrench@amscanada.com www.amscanada.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. orThe
Howard Group Inc.Bob Beaty, 1-888-221-0915 Info@howardgroupinc.com : mailto:Info@howardgroupinc.com www.howardgroupinc.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..