Hey All, We alerted the AAVG as we awaited them to move forward with the LOI to merge and we now are adding AAVG to are list of Wave picks today. The reason we are doing this is the news releases yesterday. Now they have this merger moving forward with one company, while we await the next. Below I have listed the news from May till now so you can see the progression of this merger till now. They are moving and fast now as they get into there aggressive marketing plan this month. We started this email with the news and then to the website as they move forward. This is headed toward ten million dollars this year in Revenues as there projections. Time is now to catch this one below the Penny and look back and see a year from now. Speaking of A year, It was this month last year we alerted the CWDW and it was at .0055 also like the AAVG. CWDW is now above .04 a year later.
Below are the details of the news events that have led up till now. I have listed all the news and two key news we now are focusing on ahead. The float has been reduced through a reverse split as they moved into this shell. The shares have all been allocated for Management and the purpose of bringing value to this shell. The Public Float was 4 million earlier this year on pinks and they now may have a some more on the market. I will also point out key milestones I see in the near future here. Most notably they are producing revs and are adding to that now through two acquisitions in the works or being finalized now. They are heading toward taking care of small aircraft and the parts to keep them flying. We might even see Saker Aviation an old Wave also buying from them in the future.
Key milestones in the near term. 1 Finalization of the Calypso Merger and news release for the future here. 2 Finish the merger between Avstar and SatMAX(R), for that 5 million dollar deal. 3 Quarterly filing and the revenues so far this year on there fuel contracts. 4 New additions to the website as the other two companies are merged in. Very possible break of .02 or above here as many Waves have started here and gone to multiple pennies and even above the dime.
Below are the details and the news shows the progression of there marketing campaign From May till now. It also highlights Key management and Sports Heroes as Company spokesperson. The details of the Satmax press release are also below the SEC filings for you to review what we are waiting on this month to finalize the growth for the next year. We have provided most all the links charts and news to start your Due diligence process from here, The Wave team
http://www.otcmarkets.com/stock/AAVG/news May 10, 2010 AAVG Gases Up Aviation Industry by Cutting Fuel Costs for Second-Tier Operators May 14, 2010 AAVG Announces Aggressive Marketing Stance for 2010
May 17, 2010 AAVG Signs LOI; $5Million Contract With SatMAX Corporation(R)
May 24, 2010 Former NFL Great Kenneth Davidson as AAVG Company Spokesperson
May 26, 2010 AvStar Aviation Group Announces Amended LOI for Acquisition of Twin Air Calypso
Jun 1, 2010
In Anticipation of Newest Acquisition, Twin Town Leasing Co. d/b/a Twin Air Calypso, AAVG Announces 25-Year Veteran of the Financial Industry as Newest Team Member Jun 3, 2010 AAVG Showcases Logic Behind Aggressive Marketing in Second-Tier Aviation Aug 2, 2010 AVSTAR Aviation Group, Inc. Announces Stock Sale Agreement With Twin Air Calypso Limited, Inc. Aug 2, 2010 AVSTAR to acquire Twin Air Calypso Limited Inc
AAVG Announces Aggressive Marketing Stance for 2010
HOUSTON, TX, May 14, 2010 (MARKETWIRE via COMTEX) -- AvStar Aviation Group (PINKSHEETS: AAVG) is a full service aircraft maintenance- repair- overhaul (MRO) company focused on small, second-tier airports; and committed to developing their brand with future acquisitions of charter operations, MROs and fixed base operations (FBOs) nationwide. There are over 3,100 FBOs operating in the U.S (a $4-$5 Billion industry); and the second-tier aviation sector has experienced growth of 32.2%. Currently, AAVG revenues are at $1.3 Million; the company is very close to achieving full reporting status and has 67,049,542 shares outstanding as of March 19, 2010. AAVG can also boast an elite FBO with over 54 years as a luxury destination provider to one of the wealthiest areas in the nation, southwest Florida. Historically, the 7 plane fleet has serviced corporate clients taking vacations, Bahamians doing business in the United States, and shipping cargo to the Bahamas from the U.S.
When asked about the company's mission CEO Russell Ivy stated, "AvStar Aviation was formed to fill a void between major full service airports with maintenance centers, and smaller independent airports. By focusing on smaller tier facilities, AAVG will offer services that, until now, only the majors have enjoyed."
The projected revenues from AAVG's planned acquisitions are $10 million for 2010 and directly linked to the new marketing plan complete with: new services, maintenance staffing services, and cost-reducing technology. For investors, the new business plans promise more company transparency, revenue-generating endeavors, and structured funding in order to funnel profits into promotions. The company's revitalized list of short-term goals proves that AAVG is set to take flight in 2010.
About AvStar Aviation: AvStar Aviation Group, Inc. ("AvStar") has a main focus on acquiring, consolidating, and growing businesses in the aviation industry. Also, the company is focusing on acquiring and/or developing companies that provide products and services for the general aviation industry. Please visit, www.avstargroup.com
Forward-Looking Statements: Certain statements contained in this release issued by AvStar Aviation Group, Inc. (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
Contact: Russell Ivy CEO Avstar Aviation Group 3600 South Gessner Road, Suite 220 Houston, Texas 77063 Phone: 713-710-7103 http://www.avstargroup.com rivy@avstarinc.com
All of these events have been filed with the SEC on 8k here. This is an important step as it gives the details of the news and verified to the SEC.
10-K/A Jun 17, 2010 Dec 31, 2009 163.9 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS 10-Q May 19, 2010 Mar 31, 2010 61.1 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS 8-K May 19, 2010 May 17, 2010 18.9 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS NT 10-Q May 17, 2010 Mar 31, 2010 8.6 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS SC 13G May 3, 2010 68.5 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS 10-K Apr 15, 2010 Dec 31, 2009 158.8 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS 8-K Apr 13, 2010 Oct 5, 2009 6.9 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS 8-K Apr 13, 2010 Apr 8, 2010 21.0 KB [PDF] PDF [RTF] RTF [HTML] HTML [Excel] XLS 8-K Apr 6, 2010 Mar 31, 2010 6.2 KB
This is a deal we are still awaiting for to happen as we go into August and adds nicely to the mix in aviation parts and service
AAVG Signs LOI; $5Million Contract With SatMAX Corporation(R)
HOUSTON TX, May 17, 2010 (MARKETWIRE via COMTEX) -- AvStar Aviation Group (PINKSHEETS: AAVG) announces that they signed a letter of intent ("LOI") with SatMAX Corporation(R) (PINKSHEETS: SATM) granting them exclusive marketing rights to SatMAX(R) communications repeaters and avionics testing equipment for the commercial helicopter industry; and promises AAVG exclusive rights to a $5 million contract through SatMAX(R), providing cost-effective communications equipment specifically for helicopter avionics and maintenance strategies.
SATM equipment is being used by the U.S. Navy and is a cost-reducing maintenance strategy for avionics across the airline industry. AAVG is now uniquely positioning the company for prestige and profits.
AAVG CEO Russell Ivy stated "We believe now is the time to be a provider of new services, like the repeaters and testing equipment from SatMAX(R), to show corporate helicopter operators that affordable solutions are available to an industry currently facing a technological tipping point. Most operators are realizing they must upgrade or risk losing profits to overhead-maintenance costs. With this LOI we are able to meet the industry demands for innovative, cost-reducing technology within the vertical flight sector of the avionics industry."
About AvStar Aviation: has a main focus on acquiring, consolidating, and growing businesses in the aviation industry. Also, the company is focusing on acquiring and/or developing companies that provide products and services for the general aviation service business. Please visit www.avstargroup.com
Forward-Looking Statements: Certain statements contained in this release issued by AvStar Aviaiton Group, Inc. (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
The AvStar, Inc. ("AvStar") business plan is to acquire, consolidate, and grow businesses in the aviation industry. Currently, we are focusing on acquiring and/or developing companies that provide products and services for the general aviation service business and the aerial patrol business.
Experience
The management principals of AvStar are highly experienced in the aviation industry and have many years of experience in business development & operations and in investment banking activities. They have assisted many other companies by providing them with fund-raising capabilities, public listing, marketing and business development functions.
SERVICES
One-Stop Aviation Services
Major & Minor Airframe Repairs Cessna 200 / 300 / 400 Specialist on Staff Annual Inspections Computerized Aircraft Weight and Balance Computerized Wheel Balancing Engine Maintenance, Repair & Overhaul including custom installations and refurbishment. Aircraft Modifications and STC kit installations Routine Maintenance / Insurance and Accident Repairs Composite Airframe Repairs Pre-purchase Inspections / Log Book Analysis Oxygen Service / Nitrogen Service Service Parts Janitrol / Southwind Heater Service / AD compliance Inspections Dye / Flourescent Penetrant Inspection Service Aircraft Exterior & Interior Detailing Services
Factory trained Aero shield Installation and sales Factory trained Cirrus, Raytheon Premier techs on staff Factory trained and certified Airconditioning techs on staff Factory trained ACES Dynamic propeller balancing service Factory Trained Lopresti Knot Wax Application center Lopresti partner kit sales and installations Flint Aero Tip Tank installations Minor paint repairs and detailing Instrument Panel upgrades and Component installs Engine Scanners and Monitor installation EGT/CHT calibration
LOCATIONS
AvStar, Inc. Corporate Headquarters 3600 South Gessner Road, Suite 220 Houston, Texas 77063 281-710-7103 map
Twin Air Calypso Services, Inc. Ft. Lauderdale/Hollywood - North Perry (HWO) 1620 SE 75th Avenue Penbroke Pines, Florida 33023 954-359-8989
CONTACT
Email
Russell Ivy, President and CEO, rivy@avstarinc.com
Webmaster
Address
Corporate Headquarters AvStar, Inc. 3600 S. Gessner Road, Ste. 220 Houston, Texas 77063
Twin Air Calypso Services, Inc. Ft. Lauderdale/Hollywood - North Perry (HWO) 1620 SE 75th Avenue Penbroke Pines, Florida 33023
Phone
Corporate 281-710-7103 (p)
Twin Air Calypso Services, Inc. 954-359-8989 (p) 954-862-8902 (f)
AvStar Aviation Group's business plan is to acquire and operate businesses in the general aviation industry. We have placed our primary focus on the acquisition of a portfolio of fixed base operations (FBOs) at airports that support light jet traffic along with turbine powered and piston engine aircraft. These facilities are supported by our maintenance, repair and overhaul (MRO) of aircraft operations, providing products and services for the general aviation sector. Our wholly owned subsidiary, San Diego Airmotive (SDA), has been operating as an MRO since 1987. SDA has historically provided MRO services for single and multi-engine aircraft. We intend to grow our business through the expansion of our existing MRO business as well as by acqu ...
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* OTC Market Tier OTCQB * Primary SIC - Industry Classification 4581 - Airports, flying fields and services * Business Stage Development Stage Company
* State Of Incorporation CO * Jurisdiction Of Incorporation United States * Year Of Incorporation 1997
* Company Officers Russell Ivy, President Henry Schulle, VP, Tech. Svcs., Dir. * Number of Employees 12
* Reporting Standard U.S. Registered & Reporting: SEC Filer * CIK 0001077319 * Fiscal Year End 12/31
* Estimated Market Cap $700,737 as of Aug 2, 2010 * Outstanding Shares 103,049,542 as of May 16, 2010 * Authorized Shares 500,000,000 as of Jan 19, 2010 * Float(shares) 4,904,995 as of Jan 1, 2010 * Number of Shareholders of Record 290 as of Jun 17, 2010
* Current Capital Change shs decreased by 1 for 100 split Pay Date: Sept 21, 2009
* Company Notes o Formerly=Pangea Petroleum Corp. until 9-2009 o Formerly=Zip Top, Inc. until 12-98
* Transfer Agent Olde Monmouth Stock Transfer Co., Inc. 200 Memorial Pkwy Atlantic Highlands, NJ 07716
* Auditor/Accountant Clay Thomas PC 2038 Lexington Houston, TX 77098
* Legal Counsel Gillis Paris & Heinrich 8 Greenway Plaza Suite 818 Houston, TX 77046
BALANCE SHEET AVSTAR AVIATION GROUP, INC. Period End: March 31, 2010
March 31, December 31, 2010 2009 ASSETS
Current assets Cash 2,000 2,471 Accounts receivable 22,987 50,533 Prepaid expenses 8,301 10,139 Inventory 44,262 44,262 ----------------------- Total Current Assets 77,550 107,405
Property and equipment: 19,537 25,263 Proven oil and gas properties (successful efforts method), net of accumulated depletion of $144,723 33,581 27,989 Unproven oil and gas properties (successful efforts method) 152,000 ------------------------ Total Fixed Assets 53,118 205,252
Investment in subsidiary 60,988 10,000 ------------------------- Total assets 191,656 322,657 =========================
AVSTAR AVIATION GROUP, INC. BALANCE SHEET Period End: March 31, 2010
March 31, December 31, 2010 2009
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities Accounts payable 95,190 58,843 Credit card payable 0 18,374 Other current liabilities 146,974 65,944 Accrued interest payable to related parties 99,197 99,197 Notes payable to related parties 161,721 24,753 Notes payable - Stock payable - ------------------------- Total current liabilities 503,082 267,111
Long term debt to related parties 624,771 659,771 Asset retirement obligations 0 8,193 ------------------------- Total liabilities 1,127,853 935,075
Stockholders' deficit: Preferred stock: $.001 par value; 1,000,000 shares authorized, none issued and outstanding 10,000 Common stock: $.001 par value; 500,000,000 shares authorized; 96,049,542 shares issued and outstanding 430,920 390,499 Additional paid-in capital 19,622,748 18,521,904 Accumulated deficit (20,989,865) (19,534,821) ----------------------------- Total stockholders' deficit (936,197) (612,418) ----------------------------- Total liabilities and stockholders' deficit 191,656 322,657 =============================
AVSTAR AVIATION GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Three Months Ended Three Months Ended March 31 March 31 2010 2009
Oil and gas revenue $1,090 $2,672 Income from subsidiary operations 100,428 172,722 ---------------------------------- Total revenue 101,518 175,394
Costs and expenses: Cost of goods sold by subsidiary 60,619 107,797 Lease operating expenses 787 Production taxes 146 Dry hole costs - 100 Depreciation and depletion 3,540 745 Selling, general and administrative, including stock based compensation 638,800 108,432 ---------------------------
Total costs and expenses 702,959 217,907 --------------------------- Loss from operations (601,441) (42,513)
Other (expenses): Interest expense (20,107) ---------------------------- Net loss $(601,441) $ (62,620) ============================
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