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Halcyon Jets Announces Engagement of Veteran Business Leader Mitchell Blatt as Chairman and Chief Executive Officer
New CEO Was Instrumental in Development of High-Growth Strategy That Led to Eventual $1.33 Billion Sale of Coinmach Holdings; Mr. Blatt to Announce Company Milestone at Tonight’s Event

NEW YORK--(BUSINESS WIRE)--Halcyon Jets Holdings, Inc. (OTCBB:HJHO), pioneering high-growth business strategies for the next generation of private air travel brokerage, has engaged Mitchell Blatt to serve in the position of Chairman and Chief Executive Officer. A Director of Halcyon since April of 2007, Mr. Blatt’s professional background includes 26 years of experience as a leading senior executive.

Mr. Blatt is expected to announce a milestone Company achievement with a simultaneous press release this evening at an invitation-only event co-hosted by sports superstar Shaquille O’Neal, who is a member of the Halcyon team.

Prior to joining Halcyon’s Board of Directors, Mr. Blatt was President and Chief Operating Officer of Coinmach Holdings Co., where he helped implement a high-growth strategy that resulted in annual revenue growth from $50 million to more than $550 million, with a resulting sale of the company for $1.33 billion. Mr. Blatt helped Coinmach become the largest supplier of outsourced laundry equipment services for multi-family housing properties in North America.

He initially joined Coinmach Holding’s predecessor, Coinmach Industries Co., as Vice President and General Manager. Throughout his 26-year tenure, Mr. Blatt served in various executive leadership positions.

“My year on the Board of Directors of Halcyon has given me a deep understanding of the Company and the private air travel industry, which will help formulate my strategies for growth and success,” said Mr. Blatt. “I look forward to building on the superb foundation the Halcyon startup team has put in place, to capitalize on the incredible opportunities in the luxury travel industry at this exciting period of growth.”

Halcyon recently announced record un-audited revenue growth for the months of January and February, 2008. The Company generated revenue of approximately $6.1 million for the period, its highest revenue for a two-month period since its inception approximately one year ago.

Mr. Blatt replaces Halcyon CEO Jonathan Gilbert, who will continue to serve as a Company director.

“The Halcyon Board is delighted that Mitch has agreed to take the reins and devote his considerable experience and talent to the Company’s benefit,” said Mr. Gilbert. “We have all worked together for the past year and it has been clear that Mitch has the experience, leadership qualities and business vision necessary to grow Halcyon and to build shareholder value.”