Business Services Industry
Connect-A-Jet Submits Letter of Intent to Engage Charter Partnership With NetJets and Berkshire Hathaway Company, Executive Jet Management
Business Wire, Sept 6, 2007
AUSTIN, Texas -- Connect-A-Jet.com, Inc. (Pink Sheets: CAJT), an online innovator of private jet travel and charter, announced today that it has submitted a Letter of Intent (LOI) to engage into a charter partnership with Executive Jet Management, a NetJets and Berkshire Hathaway Company. Successful signing of the described LOI would provide CAJT booking access to one of the world's largest private aviation fleets rendering un-capped revenue and profit potentials to the CAJT reservation platform.
"Successfully finalizing the proposed LOI would be the most monumental achievement in our corporate history. Being provided access to one of the world's largest fleets as well as the Berkshire Hathway/NetJets internationally recognized name would truly be an honor for our organization," stated Martin Cantu, CEO of ConnectAJet.com, Inc.
ABOUT EXECUTIVE JET MANAGEMENT (a NetJets Company)
Executive Jet Management's total private air transportation solutions include on-demand air charter services, charter aircraft management, and turnkey aircraft management. Additionally, Executive Jet Management can tailor a custom aviation solution to meet a passenger's unique private air travel requirements.
Executive Jet Management (EJM) is a NetJets company owned by Berkshire Hathaway. EJM operates one of the largest managed fleets and their aircraft are strategically based across the U.S. Their fleet includes Citations, Falcons, Gulfstreams, Hawkers, Learjets and Challengers, and they log more than 35,000 flight hours and over 15 million miles per year, with a safety record and commitment to customer service that continues to set industry standards.
As previously released, CAJT revenue forecasts as well as bottom line profits will increase notably as every charter flight booked on all described aircraft inventories renders profitable results to the CAJT organization. In the event that a LOI is successfully finalized between both organizations, CAJT will immediately begin the addition of the EJM fleet into the CAJT internal network of operators.
Learn more about Executive Jet Management by visiting: www.executivejetmanagement.com
ABOUT CONNECT-A-JET
For the first time in aviation history, CAJT intends to unite all existing worldwide charter operators in the United States to operate under one efficient, real-time, online booking system. Customers across the globe will be able to book charter on every private aircraft in flight which meets their particular travel criteria. CAJT will also coordinate all ground transportation, in-flight catering, and will provide real-time flight tracking 24 hours for passengers convenience.
Connect-A-Jet.com (CAJT) was designed to eliminate the world of private jet charter brokers, and for the first time in history, allow customers to directly access aircraft operators through one online portal. CAJT intends to single-handedly revolutionize the way the entire world travels by private aircraft.
To learn more about ConnectAJet or book a charter flight, please visit:
Disclaimer:
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
The real-time booking system described in this press release has not been implemented to the CAJT website at the time of writing. It is the intention of CAJT to implement this technology at its earliest possible opportunity based upon successful testing. The proposed LOI submitted to Executive Jet Management will either be signed or not signed at the full discretion of the company. This press release does not guarantee that the proposed release will be signed or that this is a direct contract of any sort with NetJets fractional jet division. This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
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