CARCORP USA Corporation Announces Completion of Merger with Elite Flight Solutions.Business Editors/Travel Writers SARASOTA, Fla.--(BUSINESS WIRE)--June 6, 2003 CARCORP USA Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CUSA CUSA Conference USA (Collegiate Athletic Conference) CUSA Carleton University Students Association (Canada) CUSA Certified Utility Safety Administrator (US National Safety Council) ), a Delaware Corporation, announced that the merger with Elite Flight Solutions is now complete. A ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors change and CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. change will also occur within the next few days. "Additionally the demand for our services continues to grow. We felt that this would be a great move forward for our Company and its shareholders," stated Gregory Love, 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. of Elite Flight Solutions. "Our charter services will serve over 5,000 airports around the country. Traveling will be much quicker, and much more convenient for our clients than it would be for them if they continued to use the commercial airlines. We believe that this transaction should significantly enhance shareholder value. In addition, we believe this transaction should enable our company to grow and our shareholders to benefit as well," Love went on to say. 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 The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. , 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.flyjets.biz. Recently the website has been updated and will help keep investors better informed as to the business of Elite Flight Solutions. 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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 Investor relations The process by which the corporation communicates with its investors. please contact Elite Flight Solutions as 866-FLY-JETS. |
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