AeroMechanical Services Ltd. Announces Change of Auditor

Calgary 10/16/2007 – AeroMechanical Services Ltd. (“AMS”) announces that the company has filed a Notice of Change of Auditor appointing KPMG LLP as auditors of AMS. AMS has changed its auditors as a consequence of the expanding international needs of the company. Mr. Tom French Vice President and CFO of AMS stated that “we want to thank Grant Thornton for the services they have provided for the last 7 years. The services that were provided during the research and development stages of our company helped secure our position as a strong public company and we appreciate the services that have been provided. With growth in our international markets, we required the services of a global firm with ties to aviation and KPMG will fill that role.” There has been no disagreements, unresolved issues, or consultations with the previous auditors.

The above agreement is subject to the acceptance of the TSX Venture Exchange.

About AeroMechanical Services Ltd. http://www.amscanada.com/

AeroMechanical Services Ltd. provides proprietary technologies and services designed to reduce costs and improve efficiencies in the airline industry. The company has successfully commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology afirs™ UpTime™ allows airlines to monitor and manage aircraft operations anywhere, anytime, in real-time.

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AFIRS, UpTime, AeroQ and Smart Box are Trade Marks of AeroMechanical Services Ltd.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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