Northern Lights Airlines Ltd. a Joint Venture of ICBS, signs exclusive agreement with Tunisian government MONTREAL, Sept. 19 /PRNewswire-FirstCall/ - Northern Lights Airlines Ltd. a start up charter airline 50% owned by ICBS Limited (PINKSHEETS: ICBM), today announced that they have signed an exclusive agreement with the Tunisian government for NLA's initial overseas routes, for both passenger and freight service.
Direct flights will originate from Montreal and Toronto. The passenger and freight revenue from this agreement is expected to exceed $40 million dollars in revenue for Northern Lights Airlines. The company is expected to extend this direct service from New York after the initial routes are established.
Northern Lights Airlines will be working with the Tunisian Tourism ministry to develope this new and exciting market. The company will be offering Hotel and tour packages. The direct flight time is expected to be eight hours and Tunisian offers world class accommodations at beautiful Mediterranean sea side resorts.
'The opening of this new destination will allow Canadian and American tourists the opportunity for something new and exciting. We want to be a charter airline company that serves the most desirable tourism markets in the world, and Tunisia is one of the best places to start,' said ICBS President & CEO Garth McIntosh, speaking from corporate headquarters in Montreal Tuesday. McIntosh also stated 'the airline plans to start operations with 3 leased Boeing 767 aircraft.'
This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE Inter Canadian Business Service
Source: PR Newswire (September 19, 2007 - 9:23 AM EST)
Northern Lights Airlines Ltd. a Joint Venture of ICBS Limited, opens negotiations with another Mediterranean country 10:51a ET September 20, 2007 (PR NewsWire)
Northern Lights International Airlines Ltd. a start up charter airline 50% owned by ICBS Limited (PINKSHEETS: ICBM), today announced that they have opened negotiations for another overseas route with a high level government official, for both passenger and freight service to and from his country. Flights will originate from Montreal, Toronto. The passenger and freight revenue from this negotiation could lead to over $50 million dollars in revenue to Northern Lights International Airline Ltd.
"We are moving to expand what we started with Tunisia," said company President & CEO Garth McIntosh, speaking from corporate headquarters in Montreal Wednesday. McIntosh also stated "we will add additional aircraft as the market dictates."
Due to the sensitivity of the ongoing negotiations the company has elected not to release certain specifics of the deal, upon the completion of negotiations and executed agreements the company will then release the specifics for public consumption. This status report is to inform requested information regarding the progress of the airline and to keep our shareholders informed.
This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE INTER CANADIAN BUSINESS SERVICE
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Nice news out just now !! ct 10, 2007 10:09:00 AM NEW YORK and MONTREAL, Oct. 10 /PRNewswire-FirstCall/ - ICBS Limited (ICBS) (Pink Sheets :ICBM) a business development and management firm located in New York and Canada, announced today that it has launched a new import / export, distribution company Extaport International Ltd., with its partner Northern Lights Airlines.
Extaport International was created to work with the opportunities developed by Northern Lights Airlines and ICBS in the cargo business. Extaport will offer foreign companies the opportunity to have their goods represented and distributed in the lucrative North American market place.
Extaport International will use the cargo facilities of Northern Lights Airlines and sea freight to import fresh food stuffs and other consumer products through its distribution channels with contacts in both Canada and the United States. Fresh food is especially vulnerable to long shipping times. By using Northern Lights Airlines direct flights we can literally have a fisherman's catch in the morning in Tunisia on the dinner plates in the U.S. and Canada that same evening.
Extaport International has targeted companies in Tunisia, Greece, Portugal, and Brazil for goods such as olive oil, wine, fresh fruit, fish and consumer products that can be imported under exclusive representation. The company is currently engaged in several contractual discussions with companies who are interested in their services. Extaport International is predicting 15-20 million dollars in revenue's within the first eighteen months of operations which are expected to be launched by early spring 2008.
"We believe that our new venture will go hand in hand with our interest in Northern Lights Airlines, and is in keeping with the goals and objectives of ICBS" said Garth McIntosh, President and CEO, " We will continue to act as an incubator for new ideas and emerging companies. "
Posts: 660 | From: california | Registered: Nov 2005
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I was just looking at the early volume for this stock. Looking at that i was surprised there was not some sort of news.
Posts: 3875 | From: ca. | Registered: Jul 2005
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Not sure what to think from todays volume. I have a little bit into this one from a ways back. If it had been dilution i would of thought it would had been trading in the .0004's most of day, not .0007, .0008. With all the early volume thought that maybe inside buyers were buying prior to a news release. Guess i will just ride it and see what happens next week.
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ICBM (.0005) Northern Lights Airlines Ltd. A Joint Venture of ICBS Limited enters into talks for 12 million equity investment. Monday, November 12 2007 9:59 AM, EST
PR Newswire "US Press Releases "
NEW YORK and MONTREAL, Nov. 12 /PRNewswire-FirstCall/ - Northern Lights International Airlines Ltd. a start up charter airline a joint venture of ICBS Limited (PINKSHEETS: ICBM), Northern Lights Airlines , has entered into talks with several investment groups for a $12 million equity investment.
Northern Lights Airlines, Ltd. ("NLA") is a new international charter airline in collaboration with ICBS. Northern Lights is being organized to exploit a gap in the long-haul international travel market that exists in low cost, high comfort and high quality service originating in Montreal & Toronto, Canada.
The gap in the availability of low cost international service to and from Canada, coupled with high demand for passenger travel on selected routes from Montreal and Toronto, indicates that a new entrant airline is well positioned to capture a significant portion of current air travel business in that market. Northern Lights International Airlines, Ltd. intends to fill that gap and revolutionalize charter travel across the Atlantic with standard-setting service levels that restore respect to passengers.
NLA has signed an exclusive agreement with the Tunisian government for flights to commence from Montreal and Toronto Canada by early spring 2008 which are expected to produce 40-50 million dollars revenue in the first year.
The critical management staff required to obtain all the regulatory approvals and obtain the Air Operators Certificate (AOC), has been secured. NLA has entered into talks with 6 separate entities for equity investment of $12 Million. The talks are at various stages of advancement and are part of the overall NLA strategy.
"We are very excited with about these latest developments that will serve to solidify the financial strength of NLA." Said Peter Papadatos, President & CEO.
Posts: 660 | From: california | Registered: Nov 2005
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ICBM NEWS!! Adding $12M to revs: ICBS looks to add additional 12 million dollars in revenues for 2008 Nov 15, 2007 11:52:00 AM NEW YORK and MONTREAL, Nov. 15 /PRNewswire-FirstCall/ - PRNewswire - FirstCall via COMTEX/ ,ICBS Limited (ICBS) (Pink Sheets :ICBM) a business development and management firm located in New York and Canada, announced today that Extaport International Ltd., with its partner Northern Lights Airlines, is negotiating exclusive distribution rights for Portuguese wines which is expected to top 12 million by the end of 2008.
A Portuguese wine corporation has entered into talks with ICBS / Extaport International to distribute their wines exclusively in the North American Market.
The Portuguese Vineyard cooperative company, has an excellent selection of fine reds and whites that bring an unusual and unique experience to the wine market. Extaport is expected to launch the new line as early as January 2007
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