SOURCE: Air Industries Group
BAY SHORE, NY--(Marketwire - Oct 2, 2012) - Air Industries Group, Inc. (PINKSHEETS: AIRI) announced today that it has filed a "Form 10, General Form for Registration of Securities" with the Securities and Exchange Commission. The purpose of the Filing is to register the common stock of the Company with the SEC. When the Filing has become effective, Air Industries intends to seek a listing of its shares on a national stock exchange.
A copy of the Form 10 as filed may be accessed on the Air Industries' website: www.airindustriesgroup.com or directly from the SEC's website at www.sec.gov.
Mr. Peter Rettaliata, Chief Executive Officer of Air Industries, commented: "It has long been a goal of Air Industries to register its common stock and to resume filing reports with the SEC. This filing is the first step to achieving that goal. Once the filing has become effective Air Industries will seek to have its shares listed on a national stock exchange. We will begin the listing process immediately in anticipation that our filing with the SEC will become effective in approximately 60-days."
ABOUT AIR INDUSTRIES GROUP, INC.
Air Industries Group, Inc. (PINKSHEETS: AIRI) is an integrated manufacturer of precision equipment assemblies and components for leading aerospace and defense prime contractors. Air Industries designs and manufactures flight critical products including flight safety parts, landing gear and components, arresting gear, flight controls, sheet metal fabrications and ground support equipment.
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding the date of the effectiveness of its Form 10, trends in the marketplace, the ability to realize firm backlog and projected backlog, potential future results and acquisitions, are examples of such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results from estimates, projections and forecasts made by management regulatory delays, changes in government funding and budgets, and other factors, including general economic conditions, not within the Company's control The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.