PITTSBURGH, PA, June 11, 2018 (GLOBE NEWSWIRE) -- Boustead Securities, LLC (Member: FINRA/SIPC) client, OneJet, Inc., a Pittsburgh-based air transportation company that provides nonstop travel service in East Coast based small to mid-size markets announced that it has raised over $10 million.
OneJet has focused its transportation network on mid-sized cities that legacy airlines have mostly abandoned. Offering regularly scheduled flights for business and leisure purposes, OneJet’s largest and primary base is in Pittsburgh.
“OneJet’s nonstop services have met customer demands for expedited travel, and Boustead, as Placement Agent, is excited to support OneJet’s expansion with the additional funds it helped raise,” commented Mel Pirchesky, Managing Director at Boustead Securities.
OneJet Chairman and CEO Matthew Maguire shared his appreciation for Boustead’s assistance in securing the additional capital and commented, “Boustead worked hard to take the time to understand the complexity of the airline business and OneJet’s goals and strategies. The financing they helped secure should provide the capital we will need to increase our services and continue focusing on operational excellence as our network expands.”
In December 2017, OneJet announced the addition of its new OneJet Plus service, offering larger ERJ135 aircraft, with enhanced traveler amenities like expanded legroom at every seat, complimentary 4G high-speed Wi-Fi, and complimentary beer, wine, and snacks. OneJet’s expansion also includes new nonstop routes from Pittsburgh to Palm Beach, Kansas City, and Memphis.
About OneJet, Inc. OneJet is an air transportation network that provides consumers increased access to nonstop travel in small to mid-size markets, at relatively low cost. Services operate from the main commercial terminals and airports in markets served and feature TSA PreCheck access, expedited boarding and complimentary on-board amenities, including high-speed internet access. All flights are operated by regionally based operating partners featuring ARG/US Platinum Safety-rated and TSA-certified operations. The company incorporates former senior leadership from the major U.S. airlines, the U.S. Department of Transportation, leading U.S. aircraft manufacturers and TSA. For more information, please visit: www.OneJet.com
About Boustead Securities, LLC Member: FINRA/SIPC Boustead is an investment banking firm that advises clients on IPOs, mergers and acquisitions, capital raises, and restructuring assignments in a wide array of industries, geographies and transactions. Boustead considers its core value proposition to be an ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead seizes opportunities while providing a broad spectrum of sophisticated financial advice and services. For more information, please visit: www.boustead1828.com
Contact: Keith Moore, CEO (949) 295-1580 keith@boustead1828.com
Liquidity Risk-Regulation D Offerings An investment in OneJet has a high degree of risk including the lack of a market for its securities, as well as other risks common to Regulation D investments generally, including, but not limited to, other substantial restrictions on transferability, making this investment highly illiquid. OneJet can make no assurances about the success of its services, any plans to make their securities liquid at any time, if ever, or its ability to eventually qualify for a listing on a national, or any other, securities exchange; consequently, investors in OneJet may lose some or all of their investments. Forward-Looking Statements We make statements herein that are considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), which are usually identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions. We intend for these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement herein for purposes of complying with those safe harbor provisions. Similar statements are made in the Offering Circulars or offering memoranda of OneJet. These forward-looking statements reflect, as applicable, our or OneJet’s current views about plans, intentions, expectations, strategies and prospects, which are based on the information currently available to OneJet or us and on assumptions OneJet or we have made. Although OneJet or we believe that such plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, OneJet or we can give no assurance that such plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond OneJet’s or our control. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in the “Risk Factors” sections of the memorandum for OneJet’s Regulation D Offering. OneJet or we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Risks of Investment in OneJet An investment in OneJet has a high degree of risk including the lack of a listed market for its securities, as well as other risks common to Regulation D investments generally, including, but not limited to, a small equity market capitalization and lack of public float, which may impair the liquidity of this investment. The Company can make no assurances about the success of its products, or its licensing or marketing efforts; consequently, investors in OneJet may lose some or all of their investments.
