Viva International, Inc. (OTCBB:VIVI) announced today that it has completed negotiations and entered into a formal letter of intent with Turaser of Brazil to provide flights twice a week from Punta Cana, Dominican Republic to San Paulo Brazil starting December 1st.
Oscar Hasan President of Viva Air Dominicana was quoted as saying, “Our inaugural flight represents our plan of building tourism in the Dominican Republic.” He went on to say, “Growth and expansion is now our number one goal.” This contract represents over one million dollars a month in gross revenues for Viva Dominicana.
In other news Royal Aruban Airlines announced today that it has entered into an agreement to provide service from Aruba to Surinam in a code share agreement with Air Holland starting the first week of December. Revenues based on current demands from this route are in excess of one million dollars per quarter.
Stuart Carnie, President and CEO of Viva International was quoted as saying: “I am very happy about the inauguration of Dominican operations. Mr. Hasan has worked very hard to make this happen.” He went on to say, “With the anticipated rapid growth of both Viva Dominicana and Royal Aruban Airlines I expect that we will quickly become a driving force in the Caribbean, Latin American, and United States market place.”
Additionally, Viva International recently announced that its wholly owned subsidiary Hardyston Distributors, Inc. was acquiring a 49% interest in Royal Aruban Airlines. Under the terms of that agreement, Hardyston will be spun-off under a plan that will give Viva shareholders one share of Hardyston common stock for every three shares of Viva International, Inc common stock owned.
In conjunction with the provision of the “Safe harbor” section of the Private Securities Litigation Reform Act of 1995, this release may contain forward-looking statements pertaining to the future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no further assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Viva International, Inc. is found in the Company`s Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.