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Due Diligence taken from www.InvestmentNY.com - Company looks pretty stable at this price. 52 week low being tested. Currently looking for a bounce off it. LASV Enterprises (www.LASV.net) OTC BB: LSVE currently 4.00 Outstanding Shares: 15.3 Million Estimated Float: 600,000 52 Week High/low: $3 / $8.25 Corporate Update: Final Negotiations for a U.S. based Airline The Corporation is rumored to be in final negotiations to complete the acquisition of an existing privately held U.S. based airline and a Canadian airline. Present asset value of the aircraft alone is appraised at over $17 Million. Total asset value, including the aircraft, aircraft parts, buildings, leases and FAA licenses, can be conservatively estimated around $30 Million. Each Airline is fully licensed for both passenger and freight operations within the U.S. and Canada, between the U.S. and Canada, and for international purposes. The U.S. Airline currently provides aircraft to the small package industry in Europe, passenger charter service to the rapidly expanding casino markets in North America, as well as selected direct passenger service for the business community. The Airline owns thirteen aircraft and an additional three aircraft under lease. The Corporation?s licenses issued by the Canadian Transport Agency under the Canadian Transportation Act (Canada) are valid for both scheduled and chartered flights within Canada and between points in Canada and the U.S. The Corporation is headquartered in the U.S. and has an FAA approved maintenance and overhaul base for classes up to and including DC-10 aircraft. The Corporation is seeking to acquire six (6) long range aircraft for the purpose of expanding its operations to include the lucrative trans-border and international markets. Advanced Negotiations for a second U.S. Airline The Corporation is in advanced negotiations for the acquisition of a second privately held U.S. Airline. An Airline with the reputation of being the "Best of the Best!" The Airline was established in the late 1980s. The Airline has D.O.T. and FAA authorization to operate world wide as an U.S. scheduled flag airline as well as world wide charters. That?s the same authorization required of all the major U.S. airlines. The Airline operates brand new state of the art aircraft with "all glass" computerized cockpits including electronic automatic landing capabilities for extremely low weather visibility conditions. The average age of jet aircraft belonging to U.S. Airlines is 15 years old. This Airlines average fleet age is just over 2 years old. The Airline complies with the toughest, most demanding and highest safety standards of the U.S. government under thorough FAA scrutiny and oversight. Since its first year of operations, the Airline has a track record of receiving high marks from U.S. military inspectors. The ETOPS (over water) authority assures the public that the Airline has met higher standards applied to only a few U.S carriers. The Airline has a unique niche in the marketplace that provides feeder flights for another Airline between New York, Los Angeles, Miami, Chicago, and other cities. In addition, they fly international overseas charter flights to the Caribbean, Mexico, South America, Europe, Africa, Islands in the Indian Ocean, Azores, the Middle East and charter flights for major clients, U.S. and foreign military charters, as well as the White House Press Corps. The Airline also provides air transportation for business incentive trips, special tour operator flights and sport teams. The Airline operates sub-service and feeder flights for other foreign airlines and is available for dry or wet lease operations on an A.C.M.I. basis. They make that special difference for the customers with quality and cheerful care that has earned them the reputation of "America?s Greatest Little Airline" with premier quality charter air service. An Exclusive Resort and Casino The Corporation has negotiated the terms to take over a condominium and casino development project in the Dominican Republic. This project is being assessed at $10 Million, including the casino licenses. Dominican Republic: Just 3 « hours from New York and 2 hours from Miami, the Dominican Republic is the second largest country in the Caribbean Sea. It dominates the eastern portion of the Island of Hispaniola, and is situated just to the east of Cuba. The Property: This particular ocean front property, on the north side of the island is close to the area where Christopher Columbus set up his settlement. He had the entire Caribbean to choose from but he picked this spot. The property is approximately 5.4 acres, with 350 feet of beach frontage. For the golfers, an 18 hole Robert Trent Jones Course is only minutes away. The property is presently subdivided into 5 building of 24 strata apartments (120 total) and various common properties, such as the bar, pool, reception / casino building, etc. for a total of about 140 individually titled units. LASV Enterprises, Inc., incorporated in the state of Delaware in 1991, is a holding company with the objective of establishing itself as a force in the air transportation, resort, and casino industries. The Corporation has applied to change its name to Premier Travel and Entertainment Corp. in order to better reflect the new focus, direction and business strategy. Similar to the successful operations of new generation air carriers, Premier Travel and Entertainment, Corp is positioned to become a market leader. Utilizing its experienced and highly skilled management team, the Corporation has assembled a quality portfolio of immediate and near term cash flow generating projects with substantial ?blue sky? potential. The Corporation has recently appointed a CEO and CFO. Patrick Strasburger: CEO has a wealth of 20 years of successful airline experience in sales, marketing, administration, finance, operations, customer service, reservations, security and cargo, as well as general management. Patrick has maintained a career with Continental Airlines as Managing Director of International Operations, Senior Director Field Services ? Mexico, Central America, South America, Caribbean and Canada, General Manager ? United States Virgin Islands, and International Business development Manager. Allan Davis: CFO is a successful financial analyst; instrumental with numerous partners including Wal-MART and Sam?s Wholesale Club as well as other entities. Held the position of Executive VP of Finance and Administration / Human Resource Manager for Member Services Inc. / The Whistler Group. His extensive experience includes daily financial operations and reporting, policy creation and implementation, managing benefits programs, establishment of credit lines, and production of financial statements. P.P.C. based in Houston, Texas will provide public relations. With 15 years experience, P.P.C. will provide institutional and private fundraising, public and corporate relations, instrumental in identifying and placement of key personnel, assist in contract negotiations, and assist in the development of market awareness through private and institutional investors. Their expertise in banking, institutional and sophisticated investors are assets to the Company and its future growth. Corporate Positioning: The Corporation is exploiting its virtually unlimited U.S. and Canadian domestic and international licenses by providing ?non integrated / unaligned, point to point, no frills? scheduled and charter airline services between: Cities in the U.S., Cities in Canada, Major centers in Canada to tourist destinations in the U.S., and between cities in Canada, the U.S., and the Caribbean. In addition, the Corporation is acquiring and developing destination resorts which will include all accommodations and catering facilities as well as casinos and gambling. Based on its unique business plan, the Corporation projects 1st year revenues of $132.4 Million, with a net operating profit of $10.65 Million. Second year revenues are projected at $220.9 Million, with a net operating profit of $17.12 Million. Total revenues for the first five years are projected at $1,333 Million, with a net operating profit of $105.67 Million. This unique Corporation is sure to become the market leader in these industries with profitability potential unlimited. | ||||||||||||||
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