SPECIAL ALERT
Elite Flight (OTCBB: EFLT)
Near Term Target Price: $.34
Shares Outstanding 48 million
Approx. Float 17 million
Near Term Target Price $.34
A Few Reasons to Own EFLT:
Charter Aviation Business is a Multi Billion Dollar Business
Term sheet signed for $10,000,000 financing package to fund ELFTs growth.
ELFT Announces new 10,000 square foot hangar facility at Sarasota International Airport to house corporate headquarters. Includes space for four jets.
ELFT Acquires Three Jets and Adds Another on Management Contract for its Sarasota, FL facility.
ELFT Signs Agreement with American Air Network of St. Louis, MO, a Leader in Charter Aviation for 25 years. The agreement gives ELFT access to American Airs' fleet of 45 jets.
ELFT and American Air sign an agreement to provide air ambulance aircraft, flight and maintenance personnel and related aviation services to Yukon-Kushkokwin Health Corporation of Alaska.
ELFT Anticipates Revenues under the joint venture to be approximately $4 Million Dollars annually for the five-year term to total $20 Million Dollars during the life of the initial contract.
ELFT adds an additional 10,000 square foot hangar facility at its Sarasota, FL Headquarters.
ELFT leases a 7,000 square foot hangar in Anchorage, Alaska to service its Air Ambulance Operations for the Yukon-Kushkokwin Health Corporation.
About
ELFT has an extensive network of charter jets. ELFT will provide a one-stop-shop for client air charter needs. Additionally, service agents are on call 24 hours a day to handle any request, from booking a last minute flight to full concierge service. ELFT is not only available to major commercial airports, but in excess of over 5,000 airports nationwide. ELFT fills a niche that still has plenty of room for growth. Clients no longer have to deal with congestion, lines, flight delays, or security worries. Finally, clients may pay for one trip at a time and have the ability to tailor services to their specific travel needs.
EFLT has focused their attention and activities in three specific areas of operations. The Yukon-Kushkokwin air ambulance contract, the American Air Network acquisition and the Sarasota headquarters.
Yukon-Kushkokwin.:
ELFT has landed a major government contract to provide air ambulance and related aviation services to the Yukon-Kushkokwin Health system in Alaska. The operations will be based out of Anchorage, Alaska where ELFT has recently acquired a hangar and office complex as their base of operations for Alaska. The contract provided a minimum number of billable hours resulting in a minimum revenue base of $4,000,000 annually over a five year term for a total of $20,000,000 in base revenues. The actual number of hour billed could be significantly higher and the EFLT is budgeting for a minimum of $6,000,000.00 in annual revenues.
American Air Network:
ELFT is pursuing an acquisition of American Air Network of St. Louis, MO. American Air Network has been a leader in charter aviation for over 25 years. Their current charter certificate lists over fifty aircraft. The expertise and assets obtained with a merger could send Elite to the forefront of the national charter aviation companies.
Sarasota Headquarters:
ELFT has leased two hangar facilities and offices at the Sarasota International Airport in Sarasota, FL (SRQ). The facility gives ELFT a quality foundation for acquiring premium aircraft with access to pilots and a growing charter business clientele in the lucrative South Florida market. In the past three months, the Company has acquired two Lear 35 jets, a Lear 25, and a Citation III jet aircraft.
Investment Opportunity
The charter aviation business is directly related to and impacted by the world's economy. The private jet business expanded in the late 90's as a result of the success of the dot.com industry. The wealth generated by successful dot.com companies gave numerous individuals the opportunity to enjoy the luxury of private jet travel that were never able to experience this before. The wealth of the dot.com individuals and their quest for private jet travel, also pushed up prices of aircraft and charter services to a level never before experienced. When wealth associated with the dot.com industry dissipated, the charter aviation business was impacted as well. The elevated prices of aircraft and charter services fell substantially as fewer individuals could afford private jet travel and numerous privately owned planes came on the market for resale at a deep discount. As an example, EFLT believes that a Gulfstream III, that sold in 1999 for thirteen million dollars ($13,000,000), today sells for six million dollars ($6,000,000).
Many companies and individuals are going back to private jet travel for the safety and security that it offers. This trend is continuing and the private charter aviation business is slowly but progressively seeing an increase in sales volume and profit margins. EFLT believes that the current trends in the private aviation business positions EFLT to execute and successfully expand its business.
EFLT believes that the charter business with preferential pricing, especially for frequent customers, is in a position to grow substantially over the next few years. As the economy picks up steam, charter aviation will be at the forefront of the recovery. With terrorist threats still in place, more and more business and wealthy recreational travelers will seek out the convenience and safety of jet charters. Elite's Alaskan air ambulance contract gives the Company some long term steady cash flow from a governmental agency that will allow Elite some time to build it's charter aviation business with more traditional customers. The air ambulance contract will start September 29, 2003
Valuation
Like Ole' Blue Eyes Once Sang " Come Fly With Me, Let's Fly, Fly Fly Away" Well not exactly but maybe you get the Picture.
In Looking at Previous PR's from EFLT, it appears to us that EFLT is making a Real, Real attempt to Keep their PR Machine Well Oiled. This is commendable and we especially like the Periodic PR Updates that summarize EFLT's' recent activities.
In reviewing EFLT's Most Recent PR, in our opinion, we think with Senior Managements Experience and Expertise, EFLT's Agrresive Strategy for Growth Might make Sense.
Don't take our word for it, You Be The Judge.
With a $10 Million Dollar Line of Credit in place to be used as the equity portion to finance New Planes, and a Contract with Yukon-Kushkokwin that Begins on September 29th, 2003, we think that EFLT has set the pace for Future Revenue and Profit Growth.
In our opinion, EFLT is a Penny Stock with a Multi Dollar Potential. The stock may be one of the year's BIG surprises, making its current status as an undiscovered stock a rare timing opportunity for investors. Don't overlook this one! We not only consider EFLT an attractive "Emerging Growth Company," in our opinion, but also a "Value Stock" based on recent PR.
One way to value a company is to look at its peers in the industry. Relative to comparative companies within the Services Sector, EFLT could realize superior growth in business and earnings over the near-to-intermediate term period. A grouping of comparable companies within this sector currently trades at an average price to sales multiple of 2.72 times.
As reported in recent PR, EFLT is Forecasting Revenues of about $5-6 Million Dollars for 2004 (just based on the one air ambulance contract NOT INCLUDING EFLT's OTHER BUSINESSES)
If over the Near Term EFLT were to trade in the marketplace in line with its peers, then based on Publicly Forecasted Revenues of $6 Million Dollars next year, with about 48 Million Shares Outstanding, this would Equate to a Near Term Target Price of $0.34 Per Share.
Like we said earlier "Don't Overlook This One", Keep a Really, Really Close EYE ON This New High Flyer, and as always, Watch This Stock Trade.
Conclusion
Like many exciting opportunities that we uncover, EFLT is a development stage company that may be poised to move to the next level. Once the rollout of EFLT's Ambulance Contract and services begins in earnest we believe that good things could happen including a higher market capitalization and potential rapid stock price appreciation, as the investing public becomes more aware of EFLT's potential.
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******* Important Notice and Disclaimer: Please Read *******
The purpose of this advertisement is to provide publicity for the advertised company, its products or services. This advertisement is not a solicitation or recommendation to buy, sell or hold securities and does not provide an analysis of the financial position of the company. Investor Insights, and affiliates (II), publishes reports providing information on selected companies that II believes has investment potential. II is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. The above report is the opinion of II and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. II accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in EFLT is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. An affiliate of II has been hired by the company for the publication and circulation of this report, and received one million seven hundred thousand free trading shares of common stock of EFLT by a third party non-affiliate (Gateway Connections Ltd) and II and affiliates have no relationship to the third party. II intends to sell all or a portion of the EFLT stock at or about the time of publication of this report. Subsequently II may buy or sell shares of EFLT stock in the open market. Since an affiliate of II has been compensated there is an inherent conflict of interest. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of EFLT including the company's most recent annual and quarterly reports.
