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ARMR - Aero Marine Engine Announces Richard 'Richie' Powers as New President and Chairman

TORRANCE, Calif., Jan 13, 2004 (BUSINESS WIRE) -- Aero Marine Engine, Inc., (OTCBB: ARMR) a developmental stage company which has acquired the rights to the Dyna-Cam engine, a proprietary internal combustion engine, is pleased to announce today that Richard "Richie" Powers has been elected by the Board of Directors to the position of President and Chairman. This announcement comes in concert with the resignation of former Chief Executive Officer, Garth Bailey.

Bailey, who joined Aero Marine since inception as the Company's Chief Executive Officer and Chairman, has made significant contributions to Aero Marine over the past several months. Under his leadership, Aero Marine has progressed in implementing its internal business plan.

Bailey is leaving Aero Marine to dedicate his attention towards his law practice. "I am leaving with high expectations for Aero Marine. It was always my intention to lead Aero Marine until the Company was in a position to retain the services of a professional manager with impeccable credentials. Richie is that person. We are also in the process of bringing in another executive with the same degree of expertise as Richie. It has been a challenging and rewarding role for me, and I feel confident in leaving the future success of Aero Marine Engine in the hands of Mr. Powers," said Bailey.

Richard "Richie" Powers is best known for his accomplishments as a seven time World Champion offshore power board racer. Mr. Power's has assembled a vast repertoire of knowledge concerning the successful management of marine related enterprises. Mr. Power's commercial achievements include: Division Direct of Magnum Marine; Vice President/General Manager of Monza Power Boats; Racing Director for Team Gentry, Apache and Don Johnson Racing; General Manager of Intrepid Boats; Founder of Champion Marine; and key positions with Keikhaer Marine, Martini and Rossi and Mercury.

Mr. Powers said, "Aero Marine Engine was founded by men of extraordinary vision and entrepreneurship. I am extremely excited to be joining such an exciting venture and hope to draw upon my 35 years of marine engine and boat manufacturing experience to ensure the success of Aero Marine Engine."

It is anticipated that the new management team will have the ability through their contacts in the marine industry to make the introduction of the Dyna-Cam engine and Perma Tune's (OTCBB: TMXT) Plasmatronic Ignition readily acceptable to the industry.

About Aero Marine Engine, Inc.

The Dyna-Cam engine is an internal combustion engine where the pistons drive a cam to generate power to the main shaft. The main shaft is in a parallel direction to piston movement, without connecting rods or crankshaft. The engine has approximately 40% fewer moving parts than a conventional internal combustion engine, has a greater power to weight ratio, produces high torque at low rpm, operates with less vibration, and is lighter than the competition. Additional information on Aero Marine can be found at http://www.aeromarineengine.com.

SOURCE: Aero Marine Engine, Inc.

FOCUS Partners LLC
David Zazoff, 212-752-9445
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