2008-05-29 23:53:23 -
- Financial Communications: Trilogy Capital Partners Ryon Harms, 800-592-6067 (toll-free) ryon@trilogy-capital.com Halcyon Jets Holdings, Inc. (OTCBB:HJHO), pioneering high-growth business strategies for the next generation of private air travel brokerage, has engaged Mitchell Blatt to serve in the position of Chairman and Chief Executive Officer. A Director of Halcyon since April of 2007, Mr. Blatt's professional background includes 26
years of experience as a leading senior executive.
Mr. Blatt is expected to announce a milestone Company achievement with a simultaneous press release this evening at an invitation-only event co-hosted by sports superstar Shaquille O'Neal, who is a member of the Halcyon team.
Prior to joining Halcyon's Board of Directors, Mr. Blatt was President and Chief Operating Officer of Coinmach Holdings Co., where he helped implement a high-growth strategy that resulted in annual revenue growth from $50 million to more than $550 million, with a resulting sale of the company for $1.33 billion. Mr. Blatt helped Coinmach become the largest supplier of outsourced laundry equipment services for multi-family housing properties in North America.
He initially joined Coinmach Holding's predecessor, Coinmach Industries Co., as Vice President and General Manager. Throughout his 26-year tenure, Mr. Blatt served in various executive leadership positions.
"My year on the Board of Directors of Halcyon has given me a deep understanding of the Company and the private air travel industry, which will help formulate my strategies for growth and success," said Mr. Blatt. "I look forward to building on the superb foundation the Halcyon startup team has put in place, to capitalize on the incredible opportunities in the luxury travel industry at this exciting period of growth."
Halcyon recently announced record un-audited revenue growth for the months of January and February, 2008. The Company generated revenue of approximately $6.1 million for the period, its highest revenue for a two-month period since its inception approximately one year ago.
Mr. Blatt replaces Halcyon CEO Jonathan Gilbert, who will continue to serve as a Company director.
"The Halcyon Board is delighted that Mitch has agreed to take the reins and devote his considerable experience and talent to the Company's benefit," said Mr. Gilbert. "We have all worked together for the past year and it has been clear that Mitch has the experience, leadership qualities and business vision necessary to grow Halcyon and to build shareholder value."
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, serving as agent of its customers in arranging for their transportation needs. 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. Halcyon Jets does not own or operate the aircraft on which our customer's fly but through business partnerships with the aircraft operators, Halcyon is able to focus exclusively on providing the industry's most exemplary service. All Halcyon-arranged flights are operated by Federal Aviation Administration certificated Part 135 air carriers that have the highest independently determined safety ratings.
For more information, please visit
www.halcyonjets.com.
For investor-specific information and resources, visit
www.trilogy-capital.com/tcp/hjho.
To view current stock quotes and news, visit
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.
¶ New CEO Was Instrumental in Development of High-Growth Strategy
That Led to Eventual $1.33 Billion Sale of Coinmach Holdings; Mr.
Blatt to Announce Company Milestone at Tonight's Event