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AMA Q1 2011 Webcast Presentation
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AMA Q1 2011 Webcast Presentation

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  • Confidence from the government that we’re doing the right things They put in 18 months of research and have confidence in the AFIRS 228 Accounting department was busy converting all the statements in order to release the Q1 in the newly regulated
  • Maybe list some of the functionalities that we tested and saw (engine exceedances)
  • - There is still a demand for the 220 in the world market, it’s processes and functionalities are not lost. It will continue to support our current 220 customers and act as an option for potential customers still out there.
  • Ongoing revenue streams from our existing client base continue to expand now and in future years Business is doing well despite the economy
  • Transcript

    • 1. AeroMechanical Services
      • Q1 2011 RESULTS
    • 2. Disclaimer
      • Forward Looking Statements
      • This discussion includes certain statements that may be deemed “forward-looking statements” that are subject to risks and uncertainty. All statements, other than statements of historical facts included in this discussion, including, without limitation, those regarding the Company’s financial position, business strategy, projected costs, future plans, projected revenues, objectives of management for future operations, the Company’s ability to meet any repayment obligations, the use of non-GAAP financial measures, trends in the airline industry, the global financial outlook, expanding markets, research and development of next generation products and any government assistance in financing such developments, foreign exchange rate outlooks, new revenue streams and sales projections, cost increases as related to marketing, research and development (including afirs 228), administration expenses, and litigation matters, may be or include forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on a number of reasonable assumptions regarding the Canadian, U.S., and global economic environments, local and foreign government policies/regulations and actions and assumptions made based upon discussions to date with the Company’s customers and advisers, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include production rates, timing for product deliveries and installations, Canadian, U.S., and foreign government activities, volatility of the aviation market for the Company’s products and services, factors that result in significant and prolonged disruption of air travel worldwide, U.S. military activity, market prices, foreign exchange rates, continued availability of capital and financing and general economic, market, or business conditions in the aviation industry, worldwide political stability or any effect those may have on our customer base. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.
      • Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. The Company cannot assure investors that actual results will be consistent with any forward-looking statements; accordingly, readers should not place undue reliance on forward‑looking statements. The forward-looking statements contained herein are current only as of the date of this document. The Company disclaims any intentions or obligation to update or revise any forward-looking statements or comments as a result of any new information, future event or otherwise, unless such disclosure is required by law.
      • www.flyht.com AMA : TSX-V
    • 3. Q1 Highlights
      • News from Q1
      • AFIRS TM 228 development on schedule
      • AFIRS 220 and 228 in demand
      • Nigerian operations centre up and running
      • Increased revenue from Q1 2010
      • Reduction in R&D expenses
      • Financial position
    • 4. News from Q1
      • $1.96 million SADI repayable investment in AFIRS 228
      • New website and social media
      • Transition to International Financial Reporting Standards (“IFRS”)
    • 5. AFIRS 228 Got Wings
      • First flight May 16 in Chester, UK
      • Prospective customer’s aircraft
      • Demonstrated real-time functionalities
      • FLYHTStream TM emergency streaming
      • First commercial installs Q3 2011
    • 6. Successful First Flight of 228
    • 7. Successful First Flight of 228
    • 8. Market demand for AFIRS 220 AND 228
    • 9. AFIRS and UpTime
      • Integrated solutions
      • Airborne hardware
      • Internet driven ground systems
      • Data integration with all systems
      • Data delivery to industry standard tools
      • Applications for operational efficiency
    • 10. Nigerian Operations Command Centre
    • 11. Increased Revenue from Q1 2010
      • $1,374k cash revenue in Q1 2011
      • $1,268k cash revenue in Q1 2010
      • Gross margin of 56%
    • 12. Reduction in R & D expenses
      • Q1 2011: $782k
      • Q1 2010: $1,037k
      • $250k reduction year over year
      • Q1 2011: $782k
      • Q4 2010: $1,560k
      • $780k reduction from last quarter
    • 13. Financials
      • Debt and Working Capital as at March 31, 2011
      • Modified working capital $ 4.8 million
      • Long term debt $ 2.5 million
      • Capitalization: Shares Outstanding
      • Basic 118,615,466
      • Fully Diluted 150,770,052
      • Management, directors, officers > 5.5%
    • 14. Additional information
      • AMA’s President Richard Hayden will be hosting a retail luncheon in Toronto on June 16, 2011
      • AMA’s updated Fact Sheet is available at www.flyht.com
    • 15.  

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