2008-05-30 23:41:21 -
- Financial Communications: Trilogy Capital Partners Ryon Harms, 800-592-6067 (toll-free) ryon@trilogy-capital.com Halcyon Jets Holdings, Inc. (OTCBB:HJHO), pioneering high-growth business strategies for the next generation of private air travel brokerage, has announced that net revenues for the month of April 2008 were approximately $4 million, another record high achieved just over a year since the inception of business operations.
The rapid revenue growth builds on Halcyon Jets' previously announced revenue record for January and February of 2008, during which the Company generated approximately $6.1 million in net revenues through its portfolio of elite services.
"The continued strength of our revenues clearly demonstrates that our strategies and business operations have taken off and are performing at the highest levels," said Mitchell Blatt, who was named Chairman and Chief Executive Officer of Halcyon Jets this week. "Our activities have enabled us to build the Halcyon brand as we capitalize on service opportunities in the lucrative private and on-demand segment of the travel industry."
Added Mr. Blatt, "Clients are increasingly coming to Halcyon as they seek the unique concierge services we provide at the highly competitive prices we offer, which are reflected in this newest revenue release."
Halcyon Jets also recently announced the Company's latest initiative to expand its business operations through acquisition of strategic and synergistic companies in addition to organic growth. The Company recently executed a letter of intent, subject to due diligence, to acquire a majority interest in A-List Jets, a company that specializes in the celebrity segment of the private on-demand air travel marketplace. The acquisition would bring Halcyon a number of substantial benefits, including a valuable strategic partnership with Key Air, a world-wide industry-leading executive charter and aircraft management company.
About Halcyon Jets Holdings, Inc.
Halcyon Jets Holdings, Inc. ("Halcyon Jets" or "the Company"), operating through its wholly owned subsidiary Halcyon Jets Inc., is a world-class broker of on-demand aircraft services, serving as agent of its customers in arranging for their transportation needs. Halcyon Jets capitalizes on the highest-margin segment of the aviation industry: elite business and luxury travelers who demand the highest levels of service, professionalism and comfort. The Company is committed to building revenues and shareholder value through organic growth as well as possible acquisitions. To serve this growing market, Halcyon has developed a luxury service unique in its ability to create a comprehensive White Glove-Red Carpet travel experience. Halcyon Jets takes pride in having the most flexible card program in the industry, with the lowest cost of entry, as well as the highest level of service. Halcyon Jets has access to a fleet of aircraft reaching thousands of airports, large and small, nationally and internationally. Halcyon Jets does not own or operate the aircraft on which our customer's fly but through business partnerships with the aircraft operators, Halcyon is able to focus exclusively on providing the industry's most exemplary service. All Halcyon-arranged flights are operated by Federal Aviation Administration certificated Part 135 air carriers that have the highest independently determined safety ratings.
For more information, please visit
www.halcyonjets.com.
For investor-specific information and resources, visit
www.trilogy-capital.com/tcp/hjho.
To view current stock quotes and news, visit
www.trilogy-capital.com/tcp/hjho/quote.html.
To read the Company's Investor Fact Sheet, visit
www.trilogy-capital.com/tcp/hjho/factsheet.html.
Safe Harbor for Forward Looking and Cautionary Statements
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, government regulation, market demand and other factors disclosed in Halcyon's Form 8-K filed with the Securities and Exchange Commission on August 23, 2007.
Revenue Growth Continues to Accelerate as Halcyon Implements
Business Strategies to Expand Luxury Travel Services Worldwide
