ASI Signs Contract With Saudi Arabian Airlines For In-flight Connectivity.SEATTLE -- ASI ASI, n See Anxiety Sensitivity Index. Entertainment Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASIQ) announced today that it's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. ASiQ Pty Ltd, has signed a contract with Saudi Arabian Airlines Saudi Arabian Airlines (Arabic: الخطوط الجوية العربية السعودية) is the national airline of Saudi Arabia, based in for the ASiQnet in-flight Email, Internet and SMS system. ASiQnet is the lowest cost solution for in-flight connectivity and is designed to give passengers the greatest range of connectivity options. Passenger can access their Email and Internet for as little as $1.00 and in some cases absolutely free. Ron Chapman ASI's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. says the selection by Saudi Arabian Airlines is the result of an extensive evaluation and flight demonstration program. As part of the contract, Saudi Arabian Airlines has also selected ASI's G3CARS system, which will provide a low cost broadband link to the aircraft while parked at the terminal gate. Further details of the contract will be announced shortly in conjunction with Saudi Arabian Airlines. About ASI ASI specializes in aircraft communications and is recognized for its innovative and cost effective solutions for airlines. ASI is the only independent in-flight connectivity solution provider not aligned to an aircraft manufacturer. Forward-looking statements in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements made by ASI Entertainment, Inc. are not a guarantee of future performance. For further information, contact Tom Henderson on (760) 481-8181 or info@asiq.com. ASI's websites: www.g3cars.com and www.asiq.com. |
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