CAVR!! CAVU Resources, Inc. Forecast $3.1 Million in Revenues for First Two Quarters of 2011
CAVU Resources, Inc. ("CAVU"), which trades as OTC: CAVR.PK, forecast revenues of $3.1 million for the first two quarters of 2011.
Operations are projected to grow from $1.5 million in 2010 revenue to $3.1 million in 2011, over a 100% increase. Several factors will influence the projected revenues, higher oil prices, increased production and the sale of assets, have all contributed to the forecasted numbers. CAVU will also benefit from decreased debt by $2.7 million and growth in its nets assets to $2.8 million.
CAVU is focusing on projects and acquisitions that bring revenue to its existing operating subsidiaries and staying focused on the related energy business. CAVU Energy Services, LLC will begin its $5 million dollar drilling and operational contract in June with multiple completions in both 2011 and 2012.
"With sale of EnviroTek Fuel Systems, Inc. and the focus on oil production, waste disposal, service, security and its operations business, CAVU's revenues continue to build value and meet the expectations of our shareholders," stated William Robinson, President of CAVU Resources, Inc.
CAVU should enjoy continued growth from new acquisitions and expansion of its existing leases and business subsidiaries in 2011. The final numbers could change in the company's filed quarterly reports after final review from accounting and legal counsel.
