CARCORP USA Corporation moving forward into the Aircraft Industry.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. 14, 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 A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , is expanding into the Aircraft Industry through the acquisition of Elite Flight Solutions, Inc. FlyJets.Biz Inc., a division of Elite Flight Solutions, Inc., will specialize in Aircraft Charter, Aircraft Management, and Aircraft Sales. With contacts throughout the world, FlyJets.Biz, Inc. will operate and have access to over 45 aircraft for charter. New additions to the FlyJets.Biz fleet will include equipment such as Cessna Citation 111, Challenger 600, 601, and Gulfstream Planes. "With access to a large number of aircraft we can offer one way pricing for charter trips," said Greg Love, incoming 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. . "This one way service has always been requested by customers. Now we can drop off one customer and have another trip for the aircraft. It will be a win-win situation for all of us," said Greg Love. "With the emergence of new airlines enjoying steady growth and profitability, it is anticipated CARCORP USA Corporation and Elite Flight Solutions Inc. will continue expansion plans throughout the year," said Michael DeMeo, President and CEO 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 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 Investor@Carcorpusa.com or Fly Jets.Biz at 866-FLY-JETS. |
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