Pinnacle Energy Corp. (OTC BB: PENC.OB) announces that on March 5, 2010, it has changed its name to Trans-Pacific Aerospace Company, Inc. The Company’s new stock symbol is TPAC (OTCBB: TPAC). The stock ticker change has gone into effect for the trading community on Friday, March 5, 2010.
Mr. McKay stated, “We have completed our name change to reflect our new core business focus as we recently completed the acquisition of the aircraft component part design, engineering and manufacturing business of Harbin Aerospace Company, LLC.”
Trans-Pacific Aerospace Company plans to use its proprietary aerospace bearing technologies to manufacture and sell component parts for both new and used commercial aircraft, initially through a joint venture in China. The component parts are referred to as self-lubricating spherical bearings, and they help with several flight critical tasks.
Information About Forward-Looking StatementsThis press release contains or incorporates by reference “forward-looking statements” including certain information with respect to plans and strategies of Trans-Pacific Aerospace Company, Inc.. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words “believes,” “suggests,” “anticipates,” “plans,” “expects,” and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Trans-Pacific Aerospace Company, Inc. operations that could differ materially from those indicated by such forward-looking statements.