TIMCO Aviation Services, Inc. Names Clyde R. Kizer to Its Board of Directors GREENSBORO, N.C., June 14 /PRNewswire-FirstCall/ -- TIMCO Aviation Services, Inc. (OTC:TMAS) (BULLETIN BOARD: TMAS) today announced the appointment of Clyde R. Kizer to its Board of Directors. Mr. Kizer, age 65, was the president and chief operating officer of Airbus North America-Customer Service from 1992 until his retirement in April 2004. At Airbus, Mr. Kizer was responsible for all aspects of technical support for Airbus North America customers, including field service, spare parts, training, engineering, quality programs and vendor monitoring. He also coordinated on behalf of Airbus with representatives of U.S. airlines and with government officials in various activities designed to assure the safe and economical operation of the air transportation industry in North America. Prior to joining Airbus in 1992, Mr. Kizer held senior executive positions with Midway Airlines, the Air Transport Association of America and United Airlines. He also served as a naval officer, aviator and experimental test pilot with over 9,000 flight hours during the Viet Nam era. Roy T. Rimmer, Jr., Chairman and Chief Executive Officer of TIMCO Aviation Services, Inc., commented: "We are excited to have Clyde join our Board of Directors. We believe that Clyde's extensive experience in the aviation industry brings invaluable knowledge and guidance to our company. We also expect that Clyde's prior experiences as a senior executive of Airbus, as well as his experiences with the Air Transport Association and with several airlines, will provide us with a unique perspective as we continue our efforts to develop and provide the products and services which satisfy the MR&O requirements of our current and future airline customers." Mr. Kizer noted: "I am pleased to become a member of the Board of Directors of TIMCO Aviation Services, Inc. TIMCO is a market leader in airframe heavy maintenance market and is poised to significantly expand its engine, interiors and line maintenance operations during this period of exceptional challenge and opportunity for the commercial aviation industry." The Company also announced today that Stephen E. Gorman has resigned from the Company's Board of Directors due to time constraints resulting from his recent appointment as President and CEO of Greyhound Lines, Inc. Mr. Rimmer stated: "Steve has been an invaluable asset on our Board and we will miss his services. However, we understand that he must focus all of his efforts on his new company and we wish him well." TIMCO Aviation Services, Inc. is among the world's largest providers of fully integrated aviation maintenance, repair and overhaul (MR&O) services for major commercial airlines, regional air carriers, aircraft leasing companies, government and military units and air cargo carriers. The Company currently operates four MR&O businesses: TIMCO, which, with its four active locations (Greensboro, NC, Macon, GA, Lake City, FL and Goodyear, AZ), is one of the largest independent providers of heavy aircraft maintenance services in the world; Aircraft Interior Design and Brice Manufacturing, which specialize in the refurbishment of aircraft interior components and the manufacture and sale of aftermarket parts and new aircraft seats; TIMCO Engineered Systems, which provides engineering services both to our other MR&O operations and to our customers; and TIMCO Engine Center, which refurbishes JT8D engines and performs on-wing repairs for both JT8D and CFM-56 series engine. Visit TIMCO online at http://www.timco.aero/ . This press release contains certain forward-looking statements. Forward- looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. A number of factors, including those identified in the Company's Annual Report on Form 10-K for the year ended December 31, 2003, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2004, and those identified below, could adversely affect the Company's ability to obtain these results: the Company's ability to continue to generate sufficient working capital from operations to meet its operating requirements and service its indebtedness, the Company maintaining good working relationships with its vendors and customers, competitive pricing for the Company's products and services, the Company's ability to achieve gross margins at which it can be profitable, including margins on services the Company performs on a fixed price basis, competition in the aircraft maintenance, repair and overhaul market, the Company's ability to attract and retain qualified personnel in its business, utilization rates for the Company's MR&O facilities, the Company's ability to integrate future acquisitions, the Company's ability to effectively manage its business, economic factors which affect the airline industry generally and thereby affect our business (since our customer base consists primarily of airlines and freight carriers), including the amount of aircraft maintenance being outsourced, the price of jet fuel and the ongoing war on terrorism, and changes in government regulations. Copies of the Company's filings with the U.S. Securities and Exchange Commission are available from the SEC or may be obtained upon request from the Company. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date. DATASOURCE: TIMCO Aviation Services, Inc. CONTACT: Roy T. Rimmer, Jr., Chairman & Chief Executive Officer, or Gil West, President and Chief Operating Officer, or C. Robert Campbell, Executive Vice President and Chief Financial Officer, +1-336-668-4410, all of TIMCO Aviation Services, Inc. Web site: http://www.timco.aero/

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