LAS VEGAS, NV -- (Marketwire) -- 03/05/13 -- The Small Business Company (PINKSHEETS: SBCO), DBA -- Select Business and Corporation Opportunities, Inc., a Business Development Company, announces the completion and purchase of 100% (one hundred percent) of the stock of Ryan International Airlines, Inc. The final payment was made on March 4, 2013 and transfer of Ryan's Part 121 license was completed along with the stock and other assets needed to operate as a Commercial Airline. Ryan ceased official operations on January 11, 2013.
The purchase of the license completes the process of allowing AstraJet to effectively facilitate and complete its business plan and expand its services.
The company will now provide service on flights from Europe to Sanford/Orlando, Japan, South Korea, China, the Hawaiian Islands, Las Vegas and other locations. Specific LOI's have already been signed along with deposits for flights to be initiated within a very short timeline.
Revenue for the first year is expected to exceed $ 119,000,000 (one hundred nineteen million).
SBCO will be providing additional capital for expansion of the business and its operations. Ms. Karen Person, CEO, and her team have been tenacious in their relentless pursuit of AstraJets' plan becoming a reality.
SBCO looks forward to the future of this portfolio company and its others, in its quest to provide Shareholder value.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks.
Contact Investor Relations at:
The Small Business Company
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