Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Aviation Industries (AVIA:OTC BB) -- Ignore unavailable to you. Want to Upgrade?

To: Rick Hudson who wrote (23)	8/18/1998 10:42:00 AM
From: Rick Hudson	Read Replies (1) \| Respond to of 46

Tuesday August 18, 10:08 am Eastern Time Company Press Release SOURCE: Aviation Industries Corporation Aviation Industries Completes Acquisition of Magnolia Tours And Transportation Transaction Marks Second Acquisition Completed FORT LAUDERDALE, Fla., Aug. 18 /PRNewswire/ -- Aviation Industries Corporation (OTC Bulletin Board: AVIA - news) today reported that it has completed the acquisition of Biloxi, Mississippi-based Magnolia Tours and Transportation, a motor coach transportation company operating in the Mississippi Gulf Coast area. Terms of the transaction were not disclosed. Magnolia Tours and Transportation provides a wide range of motor coach- based transportation services, including airport transfers for visitors traveling to and from Mississippi Gulf Coast casinos and hotels, shuttle services and local area tours. ''This transaction marks the second acquisition undertaken as a prelude to our pending merger with Integrated Marketing Professionals,'' commented William G. Forhan, Chairman of Aviation Industries. ''Magnolia is well established in the Gulf Coast market and offers opportunities to further expand our revenue base. Our immediate plans call for the replacement of its fleet of five motor coaches with brand new 54 passenger coaches offering state-of-the-art audio and visual equipment, first class passenger amenities, and the utmost in comfort and safety. We also plan to use these new coaches to offer vacationers optional trips to places such as New Orleans. This will allow us to further capitalize on the continued growth of the Gulf Coast market, including the increasing growing number of large groups and conventions being drawn to the area.'' Aviation Industries Corporation, which holds an equity position in Newark, N.J.-based KIWI International Air Lines, is in the process of acquiring Integrated Marketing Professionals, Inc. Integrated Marketing Professionals, Inc., formerly known as Casino Airlink, Inc., is a diversified travel and leisure company. The Company is the exclusive provider of packaged casino vacations from five cities in Florida; three cities in Texas; Tulsa, Oklahoma; and Atlanta, Georgia, to the Mississippi Gulf Coast, which include non-stop, round-trip jet service, destination airport transfers, ground handling, 2-3 night deluxe hotel accommodations, nightly buffet meals and access to 24-hour Las Vegas-style gaming and entertainment. Statements about the Company's future expectations, including future revenues and earnings, and all other statements in the press release other than historical facts are ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. SOURCE: Aviation Industries Corporation