Elite Flight Solutions, Inc. (OTCBB:EFLT) announced today that it has signed a Letter of Intent to acquire American Air Network of St. Louis, Mo.
American Air Network has been a leader in charter aviation for 25 years and currently has a fleet of 50 aircraft. Elite and American Air Network recently completed a joint venture marketing agreement and have now decided to explore merging operations.
Terms of the deal were not announced. A due diligence period of 60 days is set forth in the Letter of Intent.
About Elite Flight Solutions: Elite Flight Solutions has an extensive network of charter jets. It will provide a one-stop-shop for client air charter needs. Additionally, service agents are on call 24 hours a day to handle any request, from booking a last minute flight to full concierge service. Elite Flight Solutions charter service is not only available to major commercial airports, but in excess of over 5,000 airports nationwide. Elite Flight Solutions fills a niche that still has plenty of room for growth. Clients no longer have to deal with congestion, lines, flight delays, or security worries. Finally, clients may pay for one trip at a time and have the ability to tailor services to their specific travel needs.
For further information now on Elite Flight Solutions Inc. go to http://www.eliteflightsolutions.biz. Look for further information on the Yukon-Kushkokwin air ambulance contract on our website soon.
Statements about the company`s future expectations, including revenues and earnings and all other statements in this press release other than historical facts are “forward looking statements” within the meaning of section 27A of the Capital Securities Act of 1933, section 21E of the Securities Exchange act of 1934, and as the term defined in the Private Litigation Reform Act of 1995. The Company`s actual results could differ materially from expected results. The company undertakes no obligation to update forward looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the company will appropriately inform the public.