CLEARWATER, Fla., July 14, 2008 (PRIME NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ("Avantair") ("the Company"), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, announced today that it has appointed Matthew Doyle to the position of Senior Executive Vice President of Sales and Marketing.
Mr. Doyle was employed by Avantair in 2002, and previously held the position of Vice President of Sales and Marketing. In his new role, he will be responsible for leading and directing the Company's sales and marketing efforts.
Prior to rejoining Avantair, Mr. Doyle held the position of Area Sales Manager for Cessna Aircraft Company, where he achieved more than 120% of his sales goal. He has more than 18 years of experience in the aviation industry, including ten years in aircraft sales. Mr. Doyle is a certified Flight and Ground Instructor and an Airline Transport Pilot with more than 4,000 hours of flight experience, including 400 hours in the Piaggio Avanti P.180, and holds a degree in Aviation Science and Business Administration.
Steven Santo, Avantair's Chief Executive Officer, commented, "Matthew is an invaluable resource to the Company. His experience and knowledge will allow him to contribute a great deal, as Avantair strives for its next level of growth."
Mr. Doyle stated, "I am eager to embrace my new role at Avantair at this stage in their business model and look forward to implementing initiatives that will take sales and marketing to the next level."
About Avantair
Avantair, with operations in 5 states and approximately 300 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership. Headquartered in Clearwater, FL, the Company is the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft. The Company currently manages a fleet of 49 aircraft, with another 60 Piaggio Avanti IIs on order through 2013. For more information about Avantair, please visit: http://www.avantair.com.
FORWARD-LOOKING STATEMENTS
This press release, and other statements that Avantair contains 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 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 as well as other relevant risks detailed in Avantair's filings with the Securities and Exchange Commission, including its report on Form 10-QSB for the period ended September 30, 2006, its Definitive Proxy Statement on Schedule 14A, as filed on February 1, 2007 and its Form 8-K filed on March 13, 2007. 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.