[b]PRE MARKET FLST NEWS!!!![/b]
[b]Fuelstream Appointed US Rep for Global Airways
Date : 08/08/2013 @ 7:23AM[/b]
Source : GlobeNewswire Inc.
Stock : Fuelstream, Inc. (QB) (FLST)
Quote : 0.34 0.0 (0.00%) @ 5:33AM
[b]Fuelstream Appointed US Rep for Global Airways[/b]
Fuelstream, Inc. (QB) (USOTC:FLST)
Intraday Stock Chart
Today : Thursday 8 August 2013
Fuelstream Inc. (OTCQB:FLST) "Fuelstream" or the "Company") announces that Global Airways, Headquartered in Johannesburg, South Africa, has appointed Fuelstream as their U. S Representative for their scheduled service to Miami, Florida. Fuelstream will be responsible for the following: evaluating and recommending ground handling companies, caterers, crew transportation and services, coordinating with cargo handlers, serving as the GSA for cargo in Miami, working with the Aviation Department on gate assignments and ticket counters, working with all government authorities ( TSA, Customs, Immigration and local police) to ensure compliance. Ron Finger, Managing Director of Global Airways stated, "We will be relying heavily on the staff of Fuelstream for these services but the most important service is sourcing the jet fuel that we will require, which is approximately 1,800,000 gallons a month. Without the fuel there would be no service." This route will be operated with Airbus A-330 long range aircraft.
Robert Catala, CEO of Fuelstream stated "We have developed a relationship in South Africa with The Global Aviation Group and are pleased that this relationship will continue to grow. We are very excited about this new opportunity for providing the jet fuel and services that Global Airways requires for their new service." Global Airways new service will begin in late 2013 or early 2014.
About Global Airways
Global Airways is an International Air Transport Organization carrier whose activities cover acquisition, heavy maintenance, refurbishment and leasing of aircraft.
Established in 2001, Global Airway's main strategy is to offer full aircraft services and maintenance with a highly trained staff and crew compliment. The Company services many government and regional airlines based in South Africa and the Company is seeking to add fuel serving as a new business unit.
Freight - expanding its fleet in order to provide wide body freight service from Johannesburg through Africa, Europe, Hong Kong, and the United States.
Passenger Service - reintroducing service to and from Miami International Airport to Johannesburg with a in Cape Town. This was a very successful route before political commitments in 2004 terminated service. Global Aviation intends to run 4 flights per week round trip.
About Fuelstream
Fuelstream is an operating fuel logistics company that concentrates its supply chain management efforts in the distribution of aviation fuel to corporate, commercial, military, and privately-owned aircraft throughout the world. Currently, a majority of the Company's fuel and related services are concentrated in the sourcing, purchase and delivery of (Jet-A) fuel "into the wing" of private and commercial aircraft at various airports. With offices in Sunrise, Florida and Johannesburg South Africa, the Company intends to supply a variety of ground services either directly or through its affiliates, including concierge services, passenger and baggage handling, landing rights, coordination with local aviation authorities, aircraft maintenance services, catering, cabin cleaning, customs approvals, and third-party invoice reconciliations. For more information please visit www.thefuelstream.com.
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, any risks and uncertainties with respect to the Company's operations, as well as those contained in the Company's quarterly, annual, and periodic filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
CONTACT: Investor Relations
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