Posted on 31 August 2010 by admin
Hello, Traders.
Avstar Aviation Group ("AAVG") has just released news that describes how they are preparing to:
(1) Increase Revenues
(2) Decrease Operating Costs
The announcement said that, "From the perspective of AvStar we will accomplish two goals. The first is creating a new retail business for our Services Company and the second is reducing operating costs of our air carrier Twin Air Calypso Limited, Inc."
AvStar Aviation Announces Rejuvenation of Fueling Program;
Now Servicing Over 40 Planes Exclusively Through Florida Location HOUSTON, TX, Aug 31, 2010 (MARKETWIRE via COMTEX) -- Clayton Gamber, CEO of AvStar Aviation Group, Inc. [OTCPK: AAVG], today issued the following letter to shareholders:
I would like to take an opportunity to advise the current and prospective shareholders of several recent developments that have a positive effect on the operations of AvStar Aviation Group, Inc.
Our Services Company is preparing to open new lines of revenue at our facility in Ft. Lauderdale/Hollywood, Florida. We will be receiving equipment that will allow fueling operations to begin on October 10, 2011. This will allow us to offer retail fueling services to the more than 40 based aircraft at our maintenance facility.
Additionally we will provide, on flow fee basis, over 50% of the fuel used by our sister company, Twin Air Calypso Limited, Inc.'s fleet of seven aircraft. From the perspective of AvStar we will accomplish two goals. The first is creating a new retail business for our Services Company and the second is reducing operating costs of our air carrier Twin Air Calypso Limited, Inc.
Additionally, our FAA Certified Avionics Maintenance and Sales Facility will begin operations on Thursday, September 2, 2010. We look forward to pursuing new manufacturer's dealerships to complement our existing relationships.
Our avionics maintenance and sales facility is the only one located on the Hollywood North Perry airport which has over 250 based aircraft.
I want to thank the existing shareholders for the continued support of AvStar Aviation Group, Inc. and welcome our new investors. I look forward to working for you in the future.
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AAVG clearly has solid fundamentals based upon growth in revenues and market segment.
Plus, the technical setup is highly attractive in my opinion.
Keep a close watch on AAVG since it is poised to be a runner tomorrow!
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