PORTLAND, OR, — January 17th, 2013 — Precision Conversions, LLC (Precision), announced today that Mr. David Chen has been promoted to Vice President of Business Development for the People’s Republic of China (PRC). Effective immediately, Mr. Chen is tasked with developing new customer relationships and is responsible for servicing and maintaining existing Precision Conversions’ Chinese customers. Previously, Mr. Chen held the position of Director of Business Development for PRC. He was instrumental in helping Precision Conversions achieve CAAC certification as well as assisting the company in developing a successful long term relationships with the Chinese Authorities and current Precision customers.

Precision Conversions President, Gary Warner said, “David is a valuable member of the Precision sales development team and as we continue to focus on the needs of the region, we are confident he will succeed in this new role.”

Mr. Chen began working with Precision Conversions six years ago and will report directly to Brian McCarthy, Vice President of Marketing and Sales.

About Precision Conversions, LLC

Precision Conversions, LLC (www.precisionaircraft.com) maximizes the utility, service life, revenue potential and residual value of the B757-200 as a freighter for its aircraft Owners and Operators. The company maintains its executive offices and operations in Portland, Oregon with an additional marketing and sales office in North Carolina.