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Halcyon Jets Holdings, Inc. (OTC Bulletin Board:HJHO), pioneering
high-growth business strategies for the next generation of private air
travel, today announced record net revenues of $4.7 million
(unaudited) for November and December 2007, an approximate $1.8
million or 38.2% increase over the $2.9 million for the entire third
quarter of 2007. The $4.7 million in net revenues for two-thirds of Q4
approximates net revenues for Halcyon's first three fiscal quarters
combined.
The significant increase in revenues reflects the continued
execution of Halcyon's strategic initiatives to expand the breadth and
range of its unique red carpet/white glove charter air transportation
services for luxury and business travelers. While the recent financial
achievements represent successful organic revenue growth, Halcyon is
also committed to building revenues through acquisitions.
"We are very pleased with Halcyon's record performance for Q4 to
date and we fully expect this growth trajectory to continue into 2008
and beyond," said Jonathan Gilbert, Chief Executive Officer of Halcyon
Jets Holdings. "We are generating strong momentum in our business as
customers increasingly recognize the value of our services, as well as
the uniqueness of our premium travel experience. We believe that these
revenues provide further validation of Halcyon's ongoing commitment to
building long-term value for our shareholders."
December's $2.8 million in revenues maintained the Company's
upward top line trend, representing nearly $1 million more than
November, which was previously the highest monthly revenue since the
Company's inception in February. Through a range of marketing and
strategic business initiatives, Halcyon successfully capitalized on
the holiday season's strong demand for private jet travel. The Company
has also maintained strong growth since the holiday season.
About Halcyon Jets Holdings, Inc.
Halcyon Jets Holdings, Inc. ("Halcyon Jets" or "the Company"),
operating through its wholly owned subsidiary Halcyon Jets Inc., is a
world-class broker of on-demand aircraft services. Pioneering a
market-disruptive 'virtual airline' business model, Halcyon Jets
capitalizes on the highest-margin segment of the aviation industry:
elite business and luxury travelers who demand the highest levels of
service, professionalism and comfort. The Company is committed to
building revenues and shareholder value through organic growth as well
as possible acquisitions. To serve this growing market, Halcyon has
developed a luxury service unique in its ability to create a
comprehensive White Glove-Red Carpet travel experience. Halcyon Jets
takes pride in having the most flexible card program in the industry,
with the lowest cost of entry, as well as the highest level of
service. Halcyon Jets has access to a fleet of aircraft reaching
thousands of airports, large and small, nationally and
internationally. Through business partnerships with the aircraft
operators, Halcyon is able to focus exclusively on providing the
industry's most exemplary service.
For more information, please visit http://www.halcyonjets.com.
For investor-specific information and resources, visit
http://www.trilogy-capital.com/tcp/hjho.
To view current stock quotes and news, visit
http://www.trilogy-capital.com/tcp/hjho/quote.html
Safe Harbor for Forward Looking and Cautionary Statements
Statements included in this release may constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements involve a number of risks and
uncertainties such as competitive factors, government regulation,
market demand and other factors disclosed in Halcyon's Form 8-K filed
with the Securities and Exchange Commission on August 23, 2007.
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