VIVI- Viva Announces Insurance Coverages Obtained
Wednesday, December 01, 2004 15:00 ET
MIAMI, Dec 1, 2004 (BUSINESS WIRE) --Viva International, Inc. (OTCBB:VIVI) announced today that the Company has obtained aircraft insurance on the SAAB 340A s/n-73 that they have accepted via a lease assignment. Further, they have extended their insurance coverage to include tax and custom bonds. This announcement was generated in response to the Company's concluded conference of November 29, 2004 with David Boorman and his staff of Portsmouth International Marine Service and Insurance Centre (PIMSIC).
Robert Scott, Viva's Chairman, commented, "It was a pleasure to host Mr. Boorman and staff of PIMSIC at our Michigan offices. Not only did we obtain an insurance commitment for the SAAB 340A s/n-73 and our fleet going forward but we generally received a favorable response to extending insurance coverage to include tax and custom bonds as well. PIMSIC is well aware of our plans for future aircraft acquisitions and looks forward to a mutually rewarding business relationship. The majority of our efforts and positioning are being dedicated to bringing a Caribbean joint venture opportunity to fruition. Our success in obtaining the insurance coverage on the SAAB 340A s/n-73 certainly enhances our ability to complete the joint venture agreement and accordingly, we will continue that effort".
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words as "believe", "expect", "intend", "anticipate", "project" or other similar expressions. These forward-looking statements relate to, among other things, future performance and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U.S. Securities and Exchange Commission.
SOURCE: Viva International, Inc.
Viva International, Inc.
Robert J. Scott, 231-946-4343
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