$TPAC Here is the transcript of the TPAC interview linked to in today's press release:
Kinsley Street Investors Group
Home
About Us
More
Interviews: Q&A: Bill Mckay CEO, Trans Pacific Aerospace
KSI: What makes TPAC stand out when compared to other aviation companies?
Bill Mckay: We are the only company in China approved to manufacture and sell aerospace quality self-lubricating spherical bearings to international OEMs like Boeing and Airbus. This is a $1.4 billion annual revenue industry and we are one of only 6 parent companies in the world so approved for this market. All other manufacturers are in high labor cost countries including the USA and Japan. Furthermore, China is on the cusp of becoming a major player in the commercial aircraft manufacturing business with the production of the COMAC C919. This aircraft uses parts like the ones for which TPAC has approval, and currently COMAC imports 100% of those parts. We hope to become a significant supplier to COMAC in the near future.
KSI: TPAC is an American company but manufactures its inventory in China. Could you envision a future in which the company opens up any form of manufacturing in the States?
Bill Mckay: TPAC plans to make strategic acquisitions of US based aerospace companies in the future. While we may consider establishing a bearing manufacturing facility in the US, it is presently not part of our plan for expansion.
KSI: According to the June 30th OTC company update: TPAC’s facilities are currently being renovated. Is there any significance to the renovation of your facilities
Bill Mckay: Yes. We want to present a contemporary design to appeal both to our employees and customers. This open concept we are working with will provide us with a great workflow environment that we believe will enhance productivity and customer appeal.
KSI: Sounds like you're gearing up for a tremendous amount of new contracts. Do you have a guidance for 2016 revenues?
Bill Mckay: In the aerospace industry it is difficult to make estimates as to future revenue, particularly for the first full year of operations. Chinese manufacturers currently import at least $20-30 million of these bearings annually. We are working toward capturing a solid portion of that business for 2016. Additionally, we are hopeful that we will make inroads with international OEMs in 2016.
KSI: Aviation has been a vital part of American society for a century, what is your intention regarding TPAC’s future impact on American aviation?
Bill Mckay: Our goal is to be the preeminent spherical bearing supplier to the US aerospace industry. We feel that we have a superior product and can offer our customers high quality products at competitive prices with superior lead times. US OEMs have stated that China has been a quality supplier for aerospace parts and the trend in the industry is to look to China for future products and needs. Every major aerospace OEM and subcontractor have a significant presence in China.
KSI: TPAC has many qualifications that only a select group of aviation companies can show off. Could you talk in more detail of said qualifications/accolades and why so few aviation companies are able to achieve such feats?
Bill Mckay: The company is qualified under SAE-AS81820 and 81934. These approvals have been given to only a handful of companies and we are the only approved manufacturer based in China. The test process is arduous. A company must develop and produce a self-lubricating liner system and bearings that when tested, meet applicable standards. The liner development is extremely challenging. We have invested close to $5 million and 4 years in developing and qualifying our products. Our team members each have in excess of 25 years in the industry so we have the knowledge necessary to obtain these approvals.
KSI: How will your company enhance the future of aviation in the United States and throughout the world?
Bill Mckay Our board is comprised of some of the most talented and experienced people in the aerospace industry. We are confident that with our knowledge we can add great value to the industry. This is now truly a global industry and our location in China only enhances our ability to be effective on a global scale.
KSI: You announced that you have only 1 convertible debenture note left and due Aug 2015. Does the Company now have enough cash to move forward this year without having to use this type of financing?
Bill Mckay: The convertible note to which you are referring has been repaid in cash. We are in a cash position such that we no longer need to look to convertible financing for working capital.
KSI: Analytically speaking, our IR firm considers your stock as “grossly undervalued” How do you intend to build shareholder confidence whereby your shares will significantly rise in price? Ultimately a company stock price rises or falls based on business fundamentals. Is the business plan sound? Is the company progressing with the plan and finally is the company enjoying revenue and profitability?
Bill Mckay: We have a solid plan and are progressing at a good pace. We will be achieving revenue and profitability soon, at which time the stock price will be truly reflective of all facets of the business.
KSI: Do you now have a route to obtain conventional financing for 2016 and beyond?
Bill Mckay: We are in the process of discussions regarding strategic acquisitions, which would involve conventional financing. Additionally, purchase order financing for certain orders and customers is generally available in China.
KSI: We are in the age of social media, how can people stay socially interactive with your company?
Bill Mackay: We regularly post on Twitter at @tpacbearings. Additionally, we post periodic updates on our web site at www.tpacbearings.com. I am also accessible to people with questions at swpc1@aol.com. While I have both tpac and gmail email accounts, the AOL account seems to be the most effective in China. I can also be reached by telephone at +1 626-755-1211 or +86 189-3818-5787.
Bill Mckay: Thank you for conducting this interview with us and we are looking forward to seeing TPAC grow into a mainstream powerhouse in the field of aviatio
Interview posted by Eric Weiss: Kinsley Street Investors
Contact me at: ericweiss15@gmail.com or 609-575-9527
Disclamer: Kinsley Street Investors Group has been compensated $1,500 from TPAC for IR services relating to the Interview only.Any future IR Consulting if any will be fully disclosed
Kinsley Street Investors Group
Home
About Us
More
Interviews: Q&A: Bill Mckay CEO, Trans Pacific Aerospace
KSI: What makes TPAC stand out when compared to other aviation companies?
Bill Mckay: We are the only company in China approved to manufacture and sell aerospace quality self-lubricating spherical bearings to international OEMs like Boeing and Airbus. This is a $1.4 billion annual revenue industry and we are one of only 6 parent companies in the world so approved for this market. All other manufacturers are in high labor cost countries including the USA and Japan. Furthermore, China is on the cusp of becoming a major player in the commercial aircraft manufacturing business with the production of the COMAC C919. This aircraft uses parts like the ones for which TPAC has approval, and currently COMAC imports 100% of those parts. We hope to become a significant supplier to COMAC in the near future.
KSI: TPAC is an American company but manufactures its inventory in China. Could you envision a future in which the company opens up any form of manufacturing in the States?
Bill Mckay: TPAC plans to make strategic acquisitions of US based aerospace companies in the future. While we may consider establishing a bearing manufacturing facility in the US, it is presently not part of our plan for expansion.
KSI: According to the June 30th OTC company update: TPAC’s facilities are currently being renovated. Is there any significance to the renovation of your facilities
Bill Mckay: Yes. We want to present a contemporary design to appeal both to our employees and customers. This open concept we are working with will provide us with a great workflow environment that we believe will enhance productivity and customer appeal.
KSI: Sounds like you're gearing up for a tremendous amount of new contracts. Do you have a guidance for 2016 revenues?
Bill Mckay: In the aerospace industry it is difficult to make estimates as to future revenue, particularly for the first full year of operations. Chinese manufacturers currently import at least $20-30 million of these bearings annually. We are working toward capturing a solid portion of that business for 2016. Additionally, we are hopeful that we will make inroads with international OEMs in 2016.
KSI: Aviation has been a vital part of American society for a century, what is your intention regarding TPAC’s future impact on American aviation?
Bill Mckay: Our goal is to be the preeminent spherical bearing supplier to the US aerospace industry. We feel that we have a superior product and can offer our customers high quality products at competitive prices with superior lead times. US OEMs have stated that China has been a quality supplier for aerospace parts and the trend in the industry is to look to China for future products and needs. Every major aerospace OEM and subcontractor have a significant presence in China.
KSI: TPAC has many qualifications that only a select group of aviation companies can show off. Could you talk in more detail of said qualifications/accolades and why so few aviation companies are able to achieve such feats?
Bill Mckay: The company is qualified under SAE-AS81820 and 81934. These approvals have been given to only a handful of companies and we are the only approved manufacturer based in China. The test process is arduous. A company must develop and produce a self-lubricating liner system and bearings that when tested, meet applicable standards. The liner development is extremely challenging. We have invested close to $5 million and 4 years in developing and qualifying our products. Our team members each have in excess of 25 years in the industry so we have the knowledge necessary to obtain these approvals.
KSI: How will your company enhance the future of aviation in the United States and throughout the world?
Bill Mckay Our board is comprised of some of the most talented and experienced people in the aerospace industry. We are confident that with our knowledge we can add great value to the industry. This is now truly a global industry and our location in China only enhances our ability to be effective on a global scale.
KSI: You announced that you have only 1 convertible debenture note left and due Aug 2015. Does the Company now have enough cash to move forward this year without having to use this type of financing?
Bill Mckay: The convertible note to which you are referring has been repaid in cash. We are in a cash position such that we no longer need to look to convertible financing for working capital.
KSI: Analytically speaking, our IR firm considers your stock as “grossly undervalued” How do you intend to build shareholder confidence whereby your shares will significantly rise in price? Ultimately a company stock price rises or falls based on business fundamentals. Is the business plan sound? Is the company progressing with the plan and finally is the company enjoying revenue and profitability?
Bill Mckay: We have a solid plan and are progressing at a good pace. We will be achieving revenue and profitability soon, at which time the stock price will be truly reflective of all facets of the business.
KSI: Do you now have a route to obtain conventional financing for 2016 and beyond?
Bill Mckay: We are in the process of discussions regarding strategic acquisitions, which would involve conventional financing. Additionally, purchase order financing for certain orders and customers is generally available in China.
KSI: We are in the age of social media, how can people stay socially interactive with your company?
Bill Mackay: We regularly post on Twitter at @tpacbearings. Additionally, we post periodic updates on our web site at www.tpacbearings.com. I am also accessible to people with questions at swpc1@aol.com. While I have both tpac and gmail email accounts, the AOL account seems to be the most effective in China. I can also be reached by telephone at +1 626-755-1211 or +86 189-3818-5787.
Bill Mckay: Thank you for conducting this interview with us and we are looking forward to seeing TPAC grow into a mainstream powerhouse in the field of aviatio
Interview posted by Eric Weiss: Kinsley Street Investors
Contact me at: ericweiss15@gmail.com or 609-575-9527
Disclamer: Kinsley Street Investors Group has been compensated $1,500 from TPAC for IR services relating to the Interview only.Any future IR Consulting if any will be fully disclosed
Trans-Pacific Aerospace (TPAC) Stock Research Links
Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.
