Elite Flight Solutions, Inc. (OTCBB:EFLT) is set to increase the number of aircraft on the charter certificate to over fifty planes. The rapidly growing charter airline announced yesterday that it has signed a Letter of Intent to acquire American Air Network of St. Louis, MO.
American Air Network maintains approximately fifty planes on its charter certificate. If a merger is completed, Elite would be the beneficiary of this increase.
Gregory Love, Elite`s president said today that the additional planes would immediately make Elite a major player in the charter aircraft industry and the assets and experience acquired with American Air Network would send the Company on a rapid revenue growth phase.
Terms of the American Air Network merger were not announced. A due diligence period of 60 days is set forth in the Letter of Intent prior to setting a closing date for the merger. 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. FORWARD LOOKING STATEMENTS:
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.
For investor relations please contact Elite Flight Solutions at 866-FLY-JETS.