Arizona Aircraft Spares, Inc. Announces Contract With Concord Business Development, Inc.

Market Wire, September, 2004

Arizona Aircraft Spares, Inc. (OTC BB: AZAA) -- one of the leading military aircraft spare parts manufacturers -- announces it has engaged Concord Business Development Inc. to begin preparations of a comprehensive Business Plan. Arizona Aircraft Spares, Inc. requires a business plan in order to move forward with plans to identify mergers and acquisition candidates and seek investment capital.

Concord Business Development Inc. (www.concordbusiness.com) has completed over 250 senior level business plans that have successfully secured interest from the investment community. A large portion of the strategic planning work that Concord undertakes is for the public company sector and the firm has established a reputation for quality documents that optimize the potential for securing capital. AZAA will work with Concord to provide materials for the development of the plan.

"We expect that, given current market indicators, the future of aircraft parts is positive and we look forward to receiving the research and industry analysis from Concord," states Vito A. Peppitoni, the CEO of AZAA.

Concord Business has begun work and submitted a draft version of the Executive Summary for review. Ongoing work will include current and new corporate information. The process is expected to take place in the next few weeks after which time, a final copy of the Business Plan will be made available.

About Arizona Aircraft Spares, Inc.

Arizona Aircraft Spares Inc. manufactures and sells military aircraft spare parts and ground support systems. Arizona Aircraft Spares Inc. specializes in airframe structures and skins, sheet metal and machined parts, plastic formed parts, composite products, windows, small and large assemblies, electronics and communication products and bonded assemblies.

SAFE HARBOR STATEMENT:

Note: Certain statements in this news release may contain "forward-looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to be safe harbor created by those rules. All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. AZAA undertakes no obligation to update "forward-looking statements" to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

Contact the company at:

Arizona Aircraft Spares, Inc.
3431 E. Hemisphere Loop
Tucson, AZ 85706
www.arizonaaircraftspares.com

Lonna Walker Tel. 520-205-0722 arizonaaircraftspares@comcast.net