SARASOTA, Fla., Oct. 13, 2003 (PRIMEZONE) -- Elite Flight Solutions, Inc. (OTCBB:EFLT) announced today that it is adding four additional pilots, bringing the total to sixteen, in order to operate more flights on its Yukon-Kuskokwim air ambulance contract in Alaska. Elite previously maintained 12 full time pilots and 3 full time aircraft maintenance personnel. Dispatch operations are on-going 24 hours a day, seven days a week.
Further, it was announced that Doug Gilliland is relocating to Alaska. Doug Gilliland is the President of American Air Network of St. Louis, Elite's partner. Mr. Gilliland will serve as a General Operations Manager in Alaska, to help manage Elite's rapid growth in the region. The Company is bidding on additional contracts that would double the number of flights by the end of November.
Gregory Love, Elite's president said today, "Mr. Gilliland's presence in Alaska is critical to Elite's operations in Alaska. His experience and operational skills will provide invaluable assistance as Elite continues to add more flights, aircraft and personnel in the area."
Elite anticipates revenues under the Yukon-Kuskokwim air ambulance contract to be approximately $4,000,000 annually for the five-year term to total $20,000,000 during the life of the initial contract. These numbers are based on the contract guarantee of 200 hours monthly. The actual hours and revenues could be closer to $6,000,000 annually.
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 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.