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Thursday, June 07, 2012 1:16:26 AM
JACKSONVILLE, FL--(Marketwire - August 12, 2010) - Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has completed the purchase and acquisition of a competitor located in Georgia. Dynasty purchased Southeast Limousine Inc., their vehicles, client base, and current book of business in an all cash transaction. This purchase will facilitate a greater presence for the Company in the Georgia market, and will offer the possibility of opening a third location in the area to service these clients more efficiently.
This is the first acquisition for Dynasty Limousine. There are currently other organizations that are available at attractive pricing, and it is the Company's goal to expand and take advantage of these opportunities as they become available. Dynasty's market share has increased during the recent economic downturn as the number of competitors has dropped by over 30% nationwide. The Company has increased revenues by 70% from 2006 to 2009, with Q1 and Q2 results from 2010 to be announced in the coming weeks.
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