Carcorp USA Corporation Signs Share Exchange Agreement With Elite Flight Solutions.Business Editors/Transportation Writers 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. 7, 2003 Carcorp USA Inc., 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. (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) ) has successfully signed a share exchange agreement with Elite Flight Solutions Inc. subject to shareholder approval. Elite Flight Solutions Inc. is a provider of public air transportation and air jet charter service. "I am pleased the acquisition is signed and Carcorp USA is entering the airline industry lead by a team of experienced airline executives with vision and the financial tools to attain growth and market share," said Michael DeMeo, out going President of Carcorp USA Inc. I will be turning over the reigns to Mr. Greg Love as new president and allow Mr. Love to use his experience and expertise in this industry to guide the future of the company," DeMeo added. Mr. DeMeo will remain as an advisor and assist the new management team in any capacity needed during the transition period. It is anticipated all changes in the name of the company, symbol and actual company headquarters will be finalized See finalization. within several weeks. The active trading shares of publicly held stock of 6,751,000 (six million seven hundred and fifty one thousand shares) will remain in the hands of the public and upon name change be honored without any delay. These shares are the only shares available for the public. 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, section21E 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. 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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