Spotlight Capital Holdings Inc. (SLCH)

[bg1641]

http://www.prnewswire.com/news-releases/avstar-aviation-group-inc-announces-submission-of-commuter-authority-application-125948043.html

HOUSTON, July 21, 2011 /PRNewswire/ -- AvStar Aviation Group, Inc. (AvStar) (OTCBB: AAVG) today announced that its wholly owned subsidiary Twin Air Calypso Limited, Inc (TACL). has completed its Commuter Authority application and will forward it to the Department of Transportation (DOT) today. The commuter authority will allow TACL to increase flight frequency to its destinations, publish a schedule through traditional airline venues such as the Official Airline Guide, and offer tickets through online services. With approval, TACL will have the authorities that allow for the possibility of "code sharing" arrangements, and interline agreements with major airlines. The application posting and the approval process can be monitored on the DOT Docket System. The company has requested approval for Commuter Authority operations to commence on December 1, 2011. It is projected that with the Commuter Authority status, first year annual revenue will be approximately 3.5 million dollars. More detailed financial information is contained within the DOT filing.

The target date is entirely of the ambitions of the company, I don't think it ever had true relevance, other than they want the gov to approve them ASAP. The application pamphlet the DOT puts out says approval usually takes four months, and the first week of December is exactly four months since they've submitted the application.