SUNRISE, Fla.–(Business Wire)–BlackPoll Fleet International, Inc. (OTC: BPOL) (the “Company”) today
announced its subsidiary Jet Aviation Corp. (“Jet”) executed an
exclusive consignment agreement with Jet Aviation Components and
Aircraft International, Inc. (“JACAI”).
JACAI granted Jet the exclusive consignment right to sell its inventory
of aviation parts & equipment. Jet shall pay JACAI fifty percent (50%)
of the proceeds of sales after expenses (not to exceed $17,000 per
month) are paid from the sale of the inventory.
“An Exclusive Consignment Agreement with a 32-year-old successful,
experienced and well-respected re-seller and distributor of aviation
parts with $14,000,000 of inventory is a tremendous opportunity for our
Company with very little downside. We fully expect to generate
substantial revenues and positive cash flow marketing JACAI’s
Inventory,” commented BPOL President Dan Oran.
About BlackPoll Fleet International, Inc. (“BPOL”)
Headquartered in Sunrise, Florida, BlackPoll Fleet (www.blackpollfleet.com)
is a Holding Company leveraging the strength and industry influence and
experience of its management team to rapidly become a trusted provider
of aviation parts, equipment and services to a growing global customer
base of U.S. and foreign government agencies as well as multinational
About Jet Aviation Components and Aircraft International, Inc.
Headquartered in Miami, Florida, JACAI, commenced operations in 1985
providing aircraft parts for Boeing, McDonnell Douglas, Airbus, and
Lockheed model Jet Aircraft’s and engines for Pratt & Whitney, General
Electric, GE/SN ECMA, and Rolls-Royce to End Users. JACAI re-sells and
distributes parts worldwide. JACAI estimates its inventory is currently
worth $14,000,000 retail. JACAI averaged annual sales of approximately
$420,000 over the past 3 years.
Safe Harbor Statement
Certain information set forth in this news announcement may contain
forward-looking statements that involve substantial known and unknown
risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the
control of BlackPoll Fleet International, Inc. Such forward-looking
statements are based on current expectations, estimates and projections
about the Company’s industry, management beliefs and certain assumptions
made by its management. Readers are cautioned that the assumptions used
in the preparation of such information, although considered reasonable
at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
Information concerning factors that could cause the Company’s actual
results to differ materially from those contained in these
forward-looking statements can be found in the Company’s periodic
reports on Form 10-K and Form 10-Q, and in its Current Reports on Form
8-K, filed with the Securities and Exchange Commission. Unless required
by law, the Company undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events, or otherwise to reflect future events or circumstances or
reflect the occurrence of unanticipated events.
Blackpoll Fleet International, Inc.
Dan Oran, 866-940-6812