2008-07-12 01:40:08 -
- Financial Communications: Trilogy Capital Partners Ryon Harms, 800-592-6067 (toll-free) ryon@trilogy-capital.com Halcyon Jets Holdings, Inc. (OTCBB:HJHO), pioneering elite concierge services for the private air travel services industry, announced today that fee-based equity research firm Murphy Analytics has commenced coverage of the Company with the release of an extensive research report that sets an "Outperform" rating.
"As evidenced by the
trends in number of trips arranged as well as in revenue per trip, HJHO is building a business with significant growth potential," said the report, written by Patrick Murphy of Murphy Analytics. "If HJHO delivers the same trip counts for the remaining three quarters of fiscal 2009 as HJHO reported for Q1, the result would be an annual trip count of 1,364, which would represent a 136% increase over the 481 trips reported for the 10 months of fiscal 2008 operations (or 577 trips annualized)."
"We are pleased with the in-depth coverage provided by Murphy Analytics," said Mitchell Blatt, Chairman and Chief Executive Officer of Halcyon Jets. "We believe the report provides an accurate and compelling narration of all the reasons why we believe Halcyon has the potential to build value for shareholders over the long term. We encourage investors to read through the report to gain a deeper insight into the various opportunities that make Halcyon such an exciting company."
Halcyon has experienced exceptional organic growth since inception as the Company continues to execute on its aggressive business plans. That growth was recently evidenced by the Company's Q1 2009 reported revenues of $10.2 million which equaled 83% of revenues for its entire prior fiscal year. The Company saw bookings in Q1 2009 rise to 341 trips compared to 17 in Q1 2008.
To read the entire Murphy Analytics report, please visit
www.trilogy-capital.com/tcp/hjho.
About Murphy Analytics
Murphy Analytics (MA) is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. Murphy analysts are seasoned industry professionals and adhere to the CFA Institute's (CFAI) stringent ethics and standards of practice guidelines. MA was paid $8,500 by the Company through Trilogy Capital Partners in advance of the creation of this report. MA assumes no responsibility to update information concerning the Company. MA owns no shares in the Company. MA does not provide investment banking services. No part of the compensation to MA is tied to any content contained in this report or any view expressed in this report.
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.
To read the Company's Investor Fact Sheet, visit
www.trilogy-capital.com/tcp/hjho/factsheet.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 10-KSB filed on May 15, 2008 with the Securities and Exchange Commission.
¶ Report Sets "Outperform" Rating, Reflecting Competitive Advantages
in Elite Concierge Private Travel Services
¶ Key Highlights of Murphy Report:
¶ -- Murphy initiatives coverage with an "Outperform" rating
¶ -- Report cites trends in organic growth as evidence for
significant growth potential
¶ -- Report also covers record revenues reported of $10.2 million
for Q1 2009
