CLEARWATER, Fla., April 1, 2009 (GLOBE NEWSWIRE) -- Avantair Inc. (OTCBB:AAIR), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, announced today that it has added Great Exuma, Bahamas to its Primary Service Area. Through its partnership with Grand Isle Resort and Spa, a golf and oceanfront beach resort located in Great Exuma, Avantair will offer its existing owners an exclusive discounted rate on accommodations at the Grand Isle Resort and Spa. In addition, for a limited time, Avantair is offering an "Island Getaway" package including accommodations at Grand Isle Resort and Spa for any person who purchases an Avantair Edge time card or Axis Club Membership.
Avantair Senior Executive Vice President of Sales and Marketing Matthew Doyle said, "The Bahamian nation is a popular destination for our owners, and the addition of Great Exuma to our Primary Service Area along with our partnership with Grand Isle will make the Great Exuma Island a more accessible destination for our owners."
Steven Santo, Chief Executive Officer, continued, "Grand Isle is a perfect complement for our Axis Club Membership and Edge card. We look forward to working with the people at Grand Isle in developing additional value added packages for Avantair owners."
For additional information of Avantair's Primary Service Area, please visit: http://www.avantair.com/primary-service-area.html
About Avantair
Avantair, the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, is headquartered in Clearwater, FL, with approximately 400 employees. The Company offers private travel solutions for individuals and businesses traveling within its service area, which includes the continental United States, Canada, the Caribbean and Mexico, at a fraction of the cost of whole aircraft ownership. The Company currently manages a fleet of 52 aircraft, with another 57 Piaggio Avanti aircraft on order through 2013. For more information about Avantair, please visit: http://www.avantair.com.
About Grand Isle Resort & Spa
Located in Emerald Bay on the east coast of Great Exuma Island in the Bahamas, Grand Isle Resort & Spa is a magnificent golf and oceanfront villa-only beach resort featuring 78 luxuriously appointed 1, 2, 3 and 4-bedroom villas and penthouses each featuring extraordinary views and world class service. Features include a Greg Norman golf course, world-class spa and fitness center, full service mega-yacht marina, tranquil infinity-edge pool, excellent bar and restaurant and a stunning white sand beach. Grand Isle Resort's spacious, luxury Caribbean villas and penthouses offer a variety of amenities that include fine linens, fully appointed gourmet kitchens, dedicated wireless Internet access and private balconies with breathtaking views. Grand Isle Resort & Spa blends the casual, tropical lifestyle of the Bahamas with the level of convenience and luxury of a world-class resort. To learn more visit www.GrandIsleResort.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to Avantair's future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" and similar expressions. Avantair cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and Avantair assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
In addition to factors previously disclosed in Avantair's filings with the Securities and Exchange Commission (SEC) and those as may be identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: general economic and business conditions in the U.S. and abroad, changing interpretations of generally accepted accounting principles, changes in market acceptance of the company's products, inquiries and investigations and related litigation, fluctuations in customer demand, management of rapid growth, intensity of competition. The information set forth herein should be read in light of such risks. Avantair does not assume any obligation to update the information contained in this press release.
Avantair's filings with the SEC, accessible on the SEC's website at http://www.sec.gov, discuss these factors in more detail and identify additional factors that can affect forward-looking statements.