Viva look to seal joint venture

18th Nov 2004

Viva International, Inc. announced today that the Company is pursuing a joint venture operating opportunity with a Caribbean charter operator. Pursuant to its efforts, Viva has negotiated a US$50,000 concession from Portsmouth International Marine Service and Insurance Centre (PIMSIC) for the benefit of its potential joint venture partner. Viva also disclosed that PIMSIC has expressed an interest in providing the insurance coverage for other Viva operations in the Dominican Republic as well as to explore possible aircraft and other financing opportunities between the two companies and their affiliates. Accordingly, a meeting is planned for November 29th in Michigan to explore the dynamics of exploring and expanding a business relationship.

A spokesman for Viva commented, “PIMSIC’s concession helps further our discussions pursuant to our joint venture operating opportunity. Further, PIMSIC’s additional interest in our airline projects as well as their swiftness in arranging a business meeting constitutes validation and acceptance of our business plan and provides a meaningful basis for a number of mutually rewarding business transactions and relationships.”

David Boorman is the CEO of PIMSIC Group and has previously commanded various small aircraft in Africa, Australia, United Kingdom and the Caribbean. Mr. Boorman also previously served as a Director of Tradewinds Airline when it operated scheduled cargo service between Stansted and Chicago.

PIMSIC maintains a Caribbean hub in Antigua that is managed by Bill Cunningham as the Company’s Vice President for Latin America and the Caribbean.

David Boorman of PIMSIC was quoted, “It appears that Viva shares a similar strategy as we do and that is to exploit a niche in a market that is currently underserved. Accordingly, we look forward to our discussions with Viva to determine how each of us may benefit by working together.”



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