Important notes from the 10k... During the firs

Important notes from the 10k...

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During the first quarter of 2016 we received approval and became a supplier to a US based, China owned aerospace distributor, for the marketing and distribution of our products. We intend to implement a strategic brand management initiative that will seek to position the Trans-Pacific name as a global brand with local roots in various foreign countries. In addition to standard primary touch points including OEMs, airlines and MROs, we will also reach out to leading bearing distributors, the sub-assembly industry and others. We do expect to market to the U.S. military. Our marketing elements will include:

· Participation in major air and aerospace trade shows (e.g., China International Aviation & Aerospace Exhibition; Farnborough/Paris; Dubai; Singapore; Zhuhai);

· Participation in trade fairs (for airlines and MROs) sponsored by Boeing, Airbus and Embraer;

· Trade publicity;

· Key market tours to coincide with government-sponsored expositions;

· Sponsorship of “best practice” seminars for airlines and MROs; and

· Sales support materials for distributors (promotional collateral and product DVDs).

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We commenced our aircraft component business in February 1, 2010. To date, our operations have focused on the development of our production facility in China and the design and engineering of our initial product line of spherical bearings.. Naval Air Systems Command (“NAVAIR”) of the United States Navy has completed the qualification testing of our initial line of bearings. However, we expect that we will need to raise at least $1 million of capital, or to develop a strategic partnership, through which the partner will contribute working capital, in order to better develop international marketing and production.

Results of Operations - Years Ended October 31, 2015 and 2014

We have commenced revenue producing in first quarter of 2016. During the 2015 fiscal year, we incurred $4,492,561 of operating expenses compared to $3,334,393 during fiscal 2014. Our operating expenses consist primarily of general and administrative expenses and the increase in operating expenses from fiscal 2014 to fiscal 2015 was attributable primarily to increase in stock based compensation with a decrease in professional fees. We expect our operating expenses will significantly increase at such time as we commence the distribution of Godfrey’s spherical bearings.

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I'm anticipating some MAJOR news developments in the pipeline everyone. Remember, according to the business plan - it takes 4 weeks to deliver the company's bearing product.. I feel we are on the brink of securing multiple P.O's and in return - experiencing rapid growth - both in the company and in our portfolios..

GLTA

IMO

$TPAC