Trans-Pacific Aerospace Company, Inc. Achieves Key Milestones in China; Prototype Testing Is Successful
Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) announced today that it has successfully achieved all fundamental milestones that will enable the company to begin the qualification process in June 2010.
"I am extremely pleased with the outcome of our trip to China," said Bill McKay, Trans-Pacific Aerospace CEO. "We have strong partners, tremendous local government support, and an excellent supply chain, as well as a facility in an ideal location close to the port, our suppliers and machine tool manufacturers."
Godfrey (China) Ltd., Trans-Pacific's partner (of which it owns 25%), facilitated formation of a Wholly Foreign Owned Enterprise (WFOE) which enables the company to do business domestically and export its goods globally.
