CLEARWATER, Fla., Aug. 13, 2007 (PRIME NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW), the only publicly traded stand-alone fractional operator, today announced that it has retained The Piacente Group, a full service investor relations consulting firm based in New York. The Piacente Group will assist Avantair in implementing investor communications and Wall Street outreach programs aimed at introducing the financial community to the Company.
"The Piacente Group has a great track record in bringing small cap technology companies like Avantair and interested Wall Street investors together," said Steve Santo, Chief Executive Officer of Avantair. "As we continue to execute on our strategy of expanding our fleet while containing costs, we look forward to working with The Piacente Group to communicate our business development plans and growth initiatives to the right investment audience."
Brandi Piacente, president of The Piacente Group, stated, "We are pleased that Avantair has made the decision to join our portfolio of premier quality growth companies. Avantair is a rapidly growing player in the fractional aircraft industry, with an outstanding management team that we believe can successfully manage this growth. We are confident that our investor relations strategies will assist in raising Avantair's visibility within the professional investment community."
About The Piacente Group
The Piacente Group, Inc. is a full service investor relations and financial communications consulting firm based in New York with offices in San Francisco, Los Angeles, Beijing and Guangzhou, China. The Piacente Group develops and implements strategic programs aimed at broadening investment community sponsorship through best practice execution. The Piacente Group is dedicated to providing clients customized solutions in a dynamic investment environment. For more information, please visit www.tpg-ir.com.
About Avantair
Headquartered in Clearwater, FL, Avantair Inc. is the exclusive North American provider of fractional aircraft shares in the Piaggio Avanti P.180 aircraft. Avantair is the fifth largest company in the North American fractional aircraft industry and the only stand-alone fractional operator. The company currently manages a fleet of 37 planes with another 52 Piaggio Avanti IIs on order. It also recently announced an order of 20 Embraer Phenom 100s. Avantair, with operations in 5 states and approximately 270 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership. For more information about Avantair, please visit: www.avantair.com.
Safe Harbor Statement
We make forward-looking statements in this press release which represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including those described in the filings of InfoLogix, Inc. with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement is made.