SARASOTA, Fla., Sept. 12, 2003 (PRIMEZONE) -- Elite Flight Solutions, Inc. (OTCBB:EFLT) announced today that its Yukon-Kushkokwin operations in Alaska are to be larger than originally announced. Revenues should approach $1,500,000 per month by the end of this year.
The Company believes that with the air ambulance contract, aircraft sales, the Sarasota-based charter operation and management contracts, combined revenue projections for 2004 should approach $20,000,000 for the calendar year period.
Specialty charter aviation services that include items such as air ambulance contracts are where Elite is focused on building new revenues. This segment is growing much faster than the traditional charter aviation services. Revenues in specialty aviation services are expected to top $750,000,000 in 2004.
The marketing agreement in place with American Air Network gives Elite a chance to compete aggressively for these contracts utilizing American Air's charter certificate with over fifty planes.
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.
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.