Carefree Group, Inc. Closes Acquisition of Aviation Flight Services, LLC.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- Carefree Group, Inc. (Pink Sheets:CRFE CRFE Cryogenic Receiver Front-End ) management announced that yesterday it closed the Company's acquisition of Aviation Flight Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Based in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. , AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System (www.aviationfs.com) is an industry leader in aviation business services. AFS offers a premium charter service with one of the most comprehensive range of personalized luxury services in the industry. Additionally, AFS provides aviation management and logistical systems including ground handling, administrative support, fuel servicing, weather and flight planning, and a full array of airport and in-flight services for passenger, cargo and business flights worldwide. For the period ending December 31, 2006, AFS reported more than $9.5 million in gross revenue. "The acquisition of Aviation Flight Services represents our further diversification throughout travel related industries. AFS complements Carefree's aviation division perfectly and we are thrilled to announce its closing," said Carefree Group, Inc. President Anthony Marotta. About Carefree Group, Inc.: Carefree Group, Inc. represents a consortium of assets and networks in the industry of luxury. The Company's interests include assets throughout the luxury travel, aviation, automotive, yachting, entertainment, and real estate industries. Carefree Group's Carefree Elite[R] delivers an unsurpassed experience of luxury in accommodation, travel, entertainment, personal security, and premiere concierge services to its elite clientele. Members enjoy unrivaled privileges through the exclusive use of Carefree's inventory of luxury properties, exotic cars, yachts, private aircrafts, and superior concierge services and amenities. For more information visit www.carefreeelite.com, www.carefreelifestyle.com, and www.carefreegroup.net. This release includes forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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