Press Release

Issued by Aviation Services Management.

November 13, 2011

ASM is pleased to announce that it has exceeded its third quarter expectations and as a result has doubled its Indian client base. Its success is due in the main to word of mouth referrals and the professional approach to the portfolio of services provided.

Mr Vito Gomes stated "We had planned for a discrete entry into the Indian market but with the advent of our office expansion in India too, it seems that our professionalism has stood us proud. I also feel that our clients are seeking an international company of standing and one that understands the myriad of at times, complex aviation products".

Financial results have also met with this growth but the Company stated that as more and more companies seemingly offering the same products enter the market offering reduced rates, margins are sometimes hard to retain.

ASM is committed to its growth in India and now has its eyes firmly focused on Africa as many of its clients are demanding their representation there to support their global operations and needs. "Africa and South East Asia will be our prime strategic developments in 2012 as we look to acquire businesses in those regions as they complement our business. Being independent, we are able to exploit first mover advantage and set the standard" Gomes added.