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ICBM: sept 20th: new PR : 50$M revenue

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IPRE-Paramount   Sunday, 09/30/07 04:11:16 PM
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ICBM: sept 20th: new PR : 50$M revenue potential.. looks good for medium term after the $40M revenue potential with Tinisian government a few day before.

The pump PR's have started ...quite interesting.

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Northern Lights Airlines Ltd. a Joint Venture of ICBS Limited, opens negotiations with another Mediterranean country
THURSDAY, SEPTEMBER 20, 2007 10:51 AM
- PR Newswire




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MONTREAL and NEW YORK, Sept 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Northern Lights International Airlines Ltd. a start up charter airline 50% owned by ICBS Limited (PINKSHEETS: ICBM), today announced that they have opened negotiations for another overseas route with a high level government official, for both passenger and freight service to and from his country. Flights will originate from Montreal, Toronto. The passenger and freight revenue from this negotiation could lead to over $50 million dollars in revenue to Northern Lights International Airline Ltd.

"We are moving to expand what we started with Tunisia," said company President & CEO Garth McIntosh, speaking from corporate headquarters in Montreal Wednesday. McIntosh also stated "we will add additional aircraft as the market dictates."

Due to the sensitivity of the ongoing negotiations the company has elected not to release certain specifics of the deal, upon the completion of negotiations and executed agreements the company will then release the specifics for public consumption. This status report is to inform requested information regarding the progress of the airline and to keep our shareholders informed.

You can visit NLA at: www.northernlightsairlines.com

This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.

SOURCE INTER CANADIAN BUSINESS SERVICE


Copyright (C) 2007 PR Newswire. All rights reserved



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