(via Thenewswire.ca)
December 11 2008 - Aerocast Inc. ("Aerocast" or the "Company" CNSX-A) announces that the 2008 Year End Review and 2009 Forecast, issued yesterday by the Aerospace Industries Association (AIA), projects aerospace industry growth to be pushed up 4.8 percent from the current year. The forecast states that U.S. aerospace industry sales are estimated to reach $US 204.4 billion in 2008, while the industry order backlog in 2008 is expected to be higher than ever at $US 404.5 billion. The full report is available on the AIA website at www.aia-aerospace.org.
About the Aerospace Industries Association
The Aerospace Industries Association ("AIA") is the premier trade association representing major aerospace and defense manufacturers. More than 100 major aerospace and defense companies are members of the association, embodying every high-technology manufacturing segment of the U.S. aerospace and defense industry from commercial aviation and avionics, to manned and unmanned defense systems, to space technologies and satellite communications. In addition, the association has more than 175 associate member companies, all of which are leading aerospace and defense suppliers. The AIA provides a forum for government and industry representatives to exchange views and resolve problems on non-competitive matters related to the aerospace industry.
About Aerocast Inc.
Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has very little competition. The Company's senior management team has over 110 years combined experience in the aerospace foundry industry.
Aerocast's shares trade on the Canadian National Stock Exchange (CNSX) under the symbol ‘A'.
For more information, contact Robert Jamieson Sr., at Tel. (602) 309-1177 and e-mail bob.jamieson@aerocastinc.com, or visit the Company's website at www.aerocastinc.com.
On Behalf of the Board of Directors,
Aerocast Inc.
Per:
"Robert Jamieson Sr."
President and Director
Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Not for Distribution in the United States or to U.S. Persons.
If you would like to receive regular updates on Aerocast please send your email request to info@aerocastinc.com.
Forward-Looking Information:
Aerocast Inc. (the "Company") advises that this release may include certain statements that may be deemed "forward-looking information". Forward-looking information means disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action and includes future oriented financial information with respect to prospective results of operations, financial position or cash flows that is presented either as a forecast or a projection. Such disclosure is identified in this release by the use of words such as "could", "should", "will" and "expects" as well as the use of the future or conditional tense. Material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection set out in the forward-looking information include: prices quoted by the Company to its customers, the quantities of particular products that the Company expects certain customers to order, and the Company's assumption that its customers will proceed with orders they have placed. Although the Company believes it has a reasonable basis for drawing the conclusions or making the forecasts and projections set out in the forward-looking information, readers are cautioned that forward-looking information is not a guarantee of future performance and actual results or developments may differ materially from those in the forward-looking information. Material factors that could cause actual results to differ materially from a conclusion, forecast or projection include customer demand and market prices for the Company's products and services, continued availability of capital and financing, and general economic, market or business conditions. The Company does not assume any obligation to update or revise its forward-looking information, whether as a result of new information, future events or otherwise.
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