Tuesday, June 24, 2008 9:05:56 AM
HJHO Record Revenues!
Halcyon Jets Reports Record Financial Performance for Q1 2009
Monday June 23, 4:01 pm ET
NEW YORK--(BUSINESS WIRE)--Halcyon Jets Holdings, Inc. (OTCBB:HJHO - News), pioneering elite concierge services for the private air travel services industry, reported financial results for its first quarter ended April 30, 2008, highlighted by the Company’s continued growth in revenues to approximately $10 million, representing 83% of revenues for the entire previous fiscal year. HJHO also reported that the Company’s operating loss declined to 6.9% of revenues, compared to 62% for the period the previous year. Approximately half of the Company’s operating loss was due to non-cash items.
HJHO announced the record organic growth in Q1 2009 was the result of a significant rise in client usage of its private travel and concierge services. In the most recent quarter, Halcyon booked 341 trips compared to 17 in Q1 2008. Operating margins also rose 50% to 16.6% as compared to the prior year start-up quarter.
“We are pleased with the results realized through the successful execution of our strategic business plans,” said Mitchell Blatt, Chief Executive Officer of Halcyon Jets Holdings. “Halcyon has consistently produced quarterly growth since inception and today’s announcement, while exciting, represents only the first inning. We are confident that through both organic means and strategic acquisition that Halcyon will continue to set the standard for private air travel both domestically and internationally, delivering consistent and significant shareholder value.”
Halcyon recently announced it signed a Letter of Intent to acquire a majority interest in Beverly Hills-based private aviation firm A-List Jets. This first acquisition by Halcyon would increase its already impressive client list as well as adding A-List’s international business and high-end clientele of its own.
Since its inception in February 2007, Halcyon has become the private air brokerage service of choice for clients in the sports, entertainment and corporate realms. With partners such as professional basketball star Shaquille O’Neal and board member Spike Lee, the experienced management team has garnered an impressive reputation for those who choose to bypass the long lines, the security hassles and schedule delays that have become commonplace in commercial aviation.
About Halcyon Jets Holdings, Inc.
Halcyon Jets Holdings, Inc. (“Halcyon Jets” or “the Company”), operating through its wholly owned subsidiary Halcyon Jets Inc., is a world-class broker of on-demand aircraft services, serving as agent of its customers in arranging for their transportation needs. Halcyon Jets capitalizes on the highest-margin segment of the aviation industry: elite business and luxury travelers who demand the highest levels of service, professionalism and comfort. The Company is committed to building revenues and shareholder value through organic growth as well as possible acquisitions. To serve this growing market, Halcyon has developed a luxury service unique in its ability to create a comprehensive White Glove-Red Carpet travel experience. Halcyon Jets takes pride in having the most flexible card program in the industry, with the lowest cost of entry, as well as the highest level of service. Halcyon Jets has access to a fleet of aircraft reaching thousands of airports, large and small, nationally and internationally. Halcyon Jets does not own or operate the aircraft on which our customer's fly but through business partnerships with the aircraft operators, Halcyon is able to focus exclusively on providing the industry’s most exemplary service. All Halcyon-arranged flights are operated by Federal Aviation Administration certificated Part 135 air carriers that have the highest independently determined safety ratings.
For more information, please visit http://www.halcyonjets.com.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/hjho.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/hjho/quote.html.
To read the Company’s Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/hjho/factsheet.html.
Halcyon Jets Reports Record Financial Performance for Q1 2009
Monday June 23, 4:01 pm ET
NEW YORK--(BUSINESS WIRE)--Halcyon Jets Holdings, Inc. (OTCBB:HJHO - News), pioneering elite concierge services for the private air travel services industry, reported financial results for its first quarter ended April 30, 2008, highlighted by the Company’s continued growth in revenues to approximately $10 million, representing 83% of revenues for the entire previous fiscal year. HJHO also reported that the Company’s operating loss declined to 6.9% of revenues, compared to 62% for the period the previous year. Approximately half of the Company’s operating loss was due to non-cash items.
HJHO announced the record organic growth in Q1 2009 was the result of a significant rise in client usage of its private travel and concierge services. In the most recent quarter, Halcyon booked 341 trips compared to 17 in Q1 2008. Operating margins also rose 50% to 16.6% as compared to the prior year start-up quarter.
“We are pleased with the results realized through the successful execution of our strategic business plans,” said Mitchell Blatt, Chief Executive Officer of Halcyon Jets Holdings. “Halcyon has consistently produced quarterly growth since inception and today’s announcement, while exciting, represents only the first inning. We are confident that through both organic means and strategic acquisition that Halcyon will continue to set the standard for private air travel both domestically and internationally, delivering consistent and significant shareholder value.”
Halcyon recently announced it signed a Letter of Intent to acquire a majority interest in Beverly Hills-based private aviation firm A-List Jets. This first acquisition by Halcyon would increase its already impressive client list as well as adding A-List’s international business and high-end clientele of its own.
Since its inception in February 2007, Halcyon has become the private air brokerage service of choice for clients in the sports, entertainment and corporate realms. With partners such as professional basketball star Shaquille O’Neal and board member Spike Lee, the experienced management team has garnered an impressive reputation for those who choose to bypass the long lines, the security hassles and schedule delays that have become commonplace in commercial aviation.
About Halcyon Jets Holdings, Inc.
Halcyon Jets Holdings, Inc. (“Halcyon Jets” or “the Company”), operating through its wholly owned subsidiary Halcyon Jets Inc., is a world-class broker of on-demand aircraft services, serving as agent of its customers in arranging for their transportation needs. Halcyon Jets capitalizes on the highest-margin segment of the aviation industry: elite business and luxury travelers who demand the highest levels of service, professionalism and comfort. The Company is committed to building revenues and shareholder value through organic growth as well as possible acquisitions. To serve this growing market, Halcyon has developed a luxury service unique in its ability to create a comprehensive White Glove-Red Carpet travel experience. Halcyon Jets takes pride in having the most flexible card program in the industry, with the lowest cost of entry, as well as the highest level of service. Halcyon Jets has access to a fleet of aircraft reaching thousands of airports, large and small, nationally and internationally. Halcyon Jets does not own or operate the aircraft on which our customer's fly but through business partnerships with the aircraft operators, Halcyon is able to focus exclusively on providing the industry’s most exemplary service. All Halcyon-arranged flights are operated by Federal Aviation Administration certificated Part 135 air carriers that have the highest independently determined safety ratings.
For more information, please visit http://www.halcyonjets.com.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/hjho.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/hjho/quote.html.
To read the Company’s Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/hjho/factsheet.html.
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