CARCORP USA Corporation Defines Stock Issue and Availability.Business Editors DEERFIELD BEACH Deerfield Beach, town (1990 pop. 46,325), Broward co., SE Fla., on the Atlantic coast; inc. 1925. The development of high-technology industry and commerce expanded the town and more than doubled its population between 1970 and 1990. , Fla.--(BUSINESS WIRE)--Feb. 12, 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, has recognized the actual stock available for the public to trade or purchase. Due to the acquisition and necessary due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. needed to complete the transaction of Elite Flight Solutions Inc., a provider of Jet Transport, Charter and Flight Services by CARCORP USA Corporation the availability of trading stock is 5,251,000 shares. CARCORP USA Corporation has identified 1.5 million shares of stock as restricted from trading, that were previously counted in the actual float as available for the public to trade or purchase. CARCORP USA is now in the final phase of the completion process regarding the acquisition of Elite Flight Solutions Inc. and its related businesses. "With the finalization of the acquisition in sight, it is essential an accurate stock accounting be in place," said Michael DeMeo, President and 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 CARCORP USA Corporation. For further information on Elite Flight Solutions Inc. go to http://www.flyjets.biz a division of Elite Flight Solutions Inc. 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 Companies 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. |
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