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راقبوها
Viva Comments Further on Aircraft Lease Announcement
Monday November 29, 7:30 am ET
MIAMI--(BUSINESS WIRE)--Nov. 29, 2004--Viva International, Inc. (OTCBB:VIVI - News) today announced additional details on its acceptance of the assignment of an aircraft lease for a SAAB- 340A s/n-073 from Bank of America (NYSE:BAC - News) and Ford Motor Credit Company (NYSE:F - News) as owners. The lease will be administered by State Street Bank and Trust Company.
Robert Scott, the Company's Chairman commented as follows, "Viva's revised strategic plan provides for us to launch our operations by utilization of commuter type aircraft. By acceptance of an assignment to an existing lease meeting our criteria, we are essentially beginning the execution phase of building our fleet of aircraft. Strategically this assignment also benefits certain joint venture discussions that we are a party to and allows for us to finalize and execute various agreements. We believe that we are close to finalizing a joint venture agreement with a Caribbean charter operator and this acceptance of lease assignment clearly demonstrates our intentions".
The Company's plan is to utilize 10 SAAB 340's as the cornerstone of its Caribbean passenger and cargo service. Company plans are to obtain an additional five (5) SAAB 340's through its relationship with the Bank of America/Ford Motor connection and to satisfy its remaining requirements through other vendors".
Robert Scott, also stated, "We have received financial commitments that allow us to satisfy certain terms pertaining to the lease assignment by November 30, 2004 and accordingly, the Company is positioning itself for its entry into operations.
Our revised business plan forecasts expected future revenues of approximately $35 million during its first full year of operations with solid bottom line results. During the next few weeks we expect numerous updates that we expect will demonstrate performance on our plan to our shareholders and the financial community".
This press release contains forward-looking statements within the meaning of Section 27A of the securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words as "believe", "expect", "intend", "anticipate", "project", or other similar expressions. These forward-looking statements relate to, among other things, future performance and perceived opportunities in the market and statements regarding the Company's missions and vision. The Company's actual results, performance and achievements may differ materially from the results, performance and achievements expressed or implied in such forward-looking statements. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
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Contact:
Viva International, Inc.
Robert J. Scott, 231-946-4343
راقبوها
Viva Comments Further on Aircraft Lease Announcement
Monday November 29, 7:30 am ET
MIAMI--(BUSINESS WIRE)--Nov. 29, 2004--Viva International, Inc. (OTCBB:VIVI - News) today announced additional details on its acceptance of the assignment of an aircraft lease for a SAAB- 340A s/n-073 from Bank of America (NYSE:BAC - News) and Ford Motor Credit Company (NYSE:F - News) as owners. The lease will be administered by State Street Bank and Trust Company.
Robert Scott, the Company's Chairman commented as follows, "Viva's revised strategic plan provides for us to launch our operations by utilization of commuter type aircraft. By acceptance of an assignment to an existing lease meeting our criteria, we are essentially beginning the execution phase of building our fleet of aircraft. Strategically this assignment also benefits certain joint venture discussions that we are a party to and allows for us to finalize and execute various agreements. We believe that we are close to finalizing a joint venture agreement with a Caribbean charter operator and this acceptance of lease assignment clearly demonstrates our intentions".
The Company's plan is to utilize 10 SAAB 340's as the cornerstone of its Caribbean passenger and cargo service. Company plans are to obtain an additional five (5) SAAB 340's through its relationship with the Bank of America/Ford Motor connection and to satisfy its remaining requirements through other vendors".
Robert Scott, also stated, "We have received financial commitments that allow us to satisfy certain terms pertaining to the lease assignment by November 30, 2004 and accordingly, the Company is positioning itself for its entry into operations.
Our revised business plan forecasts expected future revenues of approximately $35 million during its first full year of operations with solid bottom line results. During the next few weeks we expect numerous updates that we expect will demonstrate performance on our plan to our shareholders and the financial community".
This press release contains forward-looking statements within the meaning of Section 27A of the securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words as "believe", "expect", "intend", "anticipate", "project", or other similar expressions. These forward-looking statements relate to, among other things, future performance and perceived opportunities in the market and statements regarding the Company's missions and vision. The Company's actual results, performance and achievements may differ materially from the results, performance and achievements expressed or implied in such forward-looking statements. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Viva International, Inc.
Robert J. Scott, 231-946-4343