Yesterday evening after the bell, Halcyon Jets holdings announced that its preliminary results have shown a 38.2% increase in net revenues in just the two months of November and December 2007 compared to the entire third quarter of 2007. Currently shares are trading at the High-Of-Day while more than 11,900 shares have traded.
SmallCap Sentinel analyst D.R. Clark commented, “For emergent companies there is rarely more important news than that of increased profits and revenues, not just in the obvious benefit of a sustaining influx of capital to the company, but also in the implied value to existing and prospective shareholders.” He continued, “Clearly, the announcement of record net revenues of $4.7 million (unaudited) for November and December 2007 and an approximate $1.8 million or 38.2% increase over the $2.9 million for the entire third quarter of 2007 validates at least some element of the company’s robust business plan in a stock market where ideas and products are often plied without sale for years on end. According to a recent release by Halcyon Jets Holdings (OTCBB:HJHO), that is precisely what has happened.”
Halcyon Jets is the result of an elite group of specialists and pioneers in the private jet services industry. The Company is focused on providing luxury private jet flights for clients who wish to go to or from any location in the world. Because clients are able to get access to virtually every size and type of aircraft, Halcyon Jets is able to fit an array of unique and special needs.
Commenting on the fiscal results, CEO Jonathan Gilbert stated, “We are very pleased with Halcyon’s record performance for Q4 to date and we fully expect this growth trajectory to continue into 2008 and beyond. We are generating strong momentum in our business as customers increasingly recognize the value of our services, as well as the uniqueness of our premium travel experience. We believe that these revenues provide further validation of Halcyon’s ongoing commitment to building long-term value for our shareholders.”
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