Basta Holdings Provides Corporate Update
10 Abril 2014 - 9:00AM
Basta Holdings Corp. (OTCBB:BSTA), an aviation and
logistics management company, today announced that it has assumed
management of revenue-generating contracts in the field of heavy
helicopter long-term leasing as well as private business aviation
operations.
The Company now manages revenue-generating, long-term ACMI
leases of heavy rotary wing aircraft commissioned by significant
government, non-government organizations (NGO), UN and commercial
contractors internationally. Additionally, the Company has been
hired to provide services in the field of private business aviation
operations. As part of the engagement, Basta Holdings anticipates
entering into long term aircraft leases, which will be used in FBO
operations as well as acquiring other assets which may increase the
efficiency of its FBO services. Management of Basta Holdings is in
negotiations with several major aviation companies in China and
elsewhere in Asia as well as Africa. The Company plans to expand
its long-term heavy helicopter leasing business and establish joint
ventures in the acquisition and development of maintenance, repair
and overhaul (MRO) facilities and private business aircraft sales,
management, charter and maintenance.
President of Basta Holdings Corp., Jacob Gitman, Ph,D.,
commented, "We are very confident that our experience and
reputation, earned over years of operating various successful
companies in the aviation industry, will ensure a prompt start and
the successful development of Basta Holdings' commercial
operations."
"In fact, since the new Board of Directors has taken over the
company's operations, we've already begun generating revenue and
anticipate significant growth in both our existing lines of
business. Basta Holdings expects to quickly develop partnerships
with new customers and joint ventures due to management's skill
set, assets and corporate know how when operating in the most
difficult and unforgiving aviation markets of the world such as
Afghanistan and Africa," added Dr. Gitman.
"In particular, we look forward to working with several large
potential partners in China, where one of our board members, Mrs.
Shufen Xue, has connected our company with a major aviation
industry player. Our Chinese expansion plans include addressing the
enormous demand of that market for helicopter services, MRO
facilities and private aviation where the Chinese government has
approved long-term, specific goal-oriented programs funded with
multi-billion dollar government development allotments," concluded
Dr. Gitman.
About Basta Holdings Corp.
Basta Holdings Corp. provides contract procurement, business
development and management services in the aviation and logistics
industries. The company specializes in long-term leasing of fixed
wing and rotary passenger and cargo aircrafts and private business
aviation, which includes charter, maintenance, overhaul and FBO
development as well as various auxiliary services.
For more information on the company, please visit
www.bastaholdings.com. Forward Looking
Statements.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this press
release are forward-looking statements. These statements relate to
future events or to the Company's future financial performance, and
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. Investors should not
place any undue reliance on forward-looking statements since they
involve known and unknown, uncertainties and other factors which
are, in some cases, beyond the Company's control which could, and
likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
the Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. Such risks, uncertainties and other factors, which could
impact the Company and the forward-looking statements contained
herein are included in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future.
CONTACT: Seal Point Consulting
888-959-7095
ir@sealpointconsulting.com
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