Northern Lights Airlines Ltd. a Joint Venture of ICBS Limited, opens negotiations with another Mediterranean country
20 Setembro 2007 - 11:51AM
PR Newswire (US)
MONTREAL and NEW YORK, Sept. 20 /PRNewswire-FirstCall/ -- Northern
Lights International Airlines Ltd. a start up charter airline 50%
owned by ICBS Limited (PINKSHEETS: ICBM), today announced that they
have opened negotiations for another overseas route with a high
level government official, for both passenger and freight service
to and from his country. Flights will originate from Montreal,
Toronto. The passenger and freight revenue from this negotiation
could lead to over $50 million dollars in revenue to Northern
Lights International Airline Ltd. "We are moving to expand what we
started with Tunisia," said company President & CEO Garth
McIntosh, speaking from corporate headquarters in Montreal
Wednesday. McIntosh also stated "we will add additional aircraft as
the market dictates." Due to the sensitivity of the ongoing
negotiations the company has elected not to release certain
specifics of the deal, upon the completion of negotiations and
executed agreements the company will then release the specifics for
public consumption. This status report is to inform requested
information regarding the progress of the airline and to keep our
shareholders informed. You can visit NLA at:
http://www.northernlightsairlines.com/ This news release includes
statements that constitute forward-looking statements. Please be
aware that any such forward-looking statements are not guarantees
of future performance and involve significant risks and
uncertainties, and that actual results may vary materially from
those in the forward-looking statements as a result of any number
of factors, including the risk factors contained in the Company's
disclosure documents. DATASOURCE: INTER CANADIAN BUSINESS SERVICE
CONTACT: Garth McIntosh, President & CEO, 1-888-932-4402,
http://www.icbs.ca/
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