June 2012 – June 2014

NEWS FOR IMMEDIATE RELEASE

GREENVILLE, S.C. – Ranger Aerospace CEO Steve Townes has been appointed by the state’s Secretary of Commerce to serve on the Governor’s Aerospace Task Force. This is a senior advisory council aimed at state-wide initiatives to enhance and grow the aerospace industry in South Carolina. The aerospace industry is gravitating into the Southeastern USA, with a fair degree of success already in the state. South Carolina’s aerospace sector is the fastest-growing in the nation, and plans are being made to accelerate that. The strategic plan and other deliverables from the Task Force will help to shape industrial priorities, economic development, education/training, and possibly even tax enhancements and other legislative initiatives.

Members of the SC Aerospace Task Force are Charlie Farrell, executive director from the Dept. of Commerce; Mr. Townes with Ranger Aerospace; Anita Zucker, CEO of The InterTech Group; General T. Michael “Buzz” Moseley, the former Chief of Staff of the entire US Air Force; Brigadier General Hank Taylor, VP with Charleston Regional Alliance; Dr. Dennis Encarnation, Harvard Business School; Dr. Marco Cavazzoni, VP with Boeing’s Charleston facility; Major General Robert Livingston, The Adjutant General of South Carolina; Susan Pretulak, VP with “ReadySC” and Apprenticeship SC; and Michael LaPier, Airports Director. In 2013, there are more than 200 aerospace and aviation companies in South Carolina employing over 20,000 people, including giants such as Lockheed, Boeing, BAE Systems, United Technologies/Goodrich, GE Aviation, Honeywell, Michelin Aircraft Tires, Champion Aerospace, many others. There are four large military bases in the state. New successful developments such as “SC-TAC” at the former Donaldson Air Base near Greenville SC, and the new Inland Port at the GSP International Airport, are expected to strengthen the twin aerospace hubs of South Carolina (Upstate, and Charleston).

Forward Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that are beyond the Company’s control and may cause actual results to differ materially from management’s expectations.