Regards,
Stock Dawg
 

Only change to my recent profile is we elected
to accumulate 50,000 shares rather than stop
at 10,000 shares.

I have added subsequent good news to this
profile near bottom. This news prompted me
to upgrade this stock from extreme risk
to serious risk. Appears they may have a
decent source of income. We are awaiting
news on the "elite" flight services, a type
of service about which we have doubts.

**

This is another extremely high risk stock
which I suggest you NOT buy. Read for very
clear comprehension. I am warning you NOT
to buy this stock.

EFLT - Elite Flight Solutions

Please read all SEC filings over at the
SEC edgar site. Be sure you read those
filings. This company, based on filings,
is a certain loser and, most likely, will
end up bankrupt. I sincerely mean that.

It is up to you to read financials on
this company. Financials are very bad.
You should NOT buy this stock.

Another really REALLY long shot here.
You will do better to bet on a week
dead Mad Cow than to bet on this stock.

Read those SEC filings. Read! READ!
Very bad financials. Huge debts and
huge losses. No hope at all.

We are betting on this company being a
loser but making a recovery.

This company has a great idea and has
an idea best suited for a toilet. Great
idea is an "air ambulance" service up
in Alaska. I view this service as a real
winner with good contracts secured. This
activity is bound to be a winner evidenced
by good recent profits.

Idea to be flushed is an "elite" service
for flyers up in Alaska. Bad BAD idea.

This part of this business requires leasing
Lear jets to serve the more elite population,
which I am sure will not happen. Frustrating,
this company has already inked a lease for
two jets, at very high prices. They will not
get out of this lease without substantial
loss of money, after negotiation. Lot of
upkeep costs involved with jets, as well.

Our bet is these goofballs will finally come
to understand there is not a lot of demand
for private jets up in Alaska. In time, they
will have to weasel out of their lease. The
bet is their air ambulance service will
survive causing them to become a profitable
company, although they have these egotistical
notions of flying the rich and famous about.

Who knows? Maybe there are a lot of very
wealthy people in Alaska wanting to charter
very expensive private jets. I think not.

So, after reading all SEC filings and noting
this company is doomed for failure, have a
guess at this. Will they file bankruptcy?
Will they dump the jets and stay with the
Cessna air ambulance?

Lots of risks involved with this stock.
I strongly urge you to NOT buy this stock.

Should you be an extreme risk taker who
likes roller coaster rides which leaves
your head in your lap, might be for you.

We are in for 10,000 shares at .052 per
and will not accumulate more. You have
our permission to run the price up.

Remember, this is a mondo beyondo extreme
risk stock. Chances are one-hundred percent
you will lose money. I urge you to pass
on this stock.

(RECENT NEWS)

Elite's President Gregory Love said today,
"Elite completed over 200 flights during the
first quarter of operations for a combined
billing of 650 hours. This billing rate
exceeds the contract guarantee and represents
over $1,000,000 of gross revenue for the first
three months of operation. We are just now
headed into the busiest time of the year and
we expect even more growth in our Alaska
operations."

Elite anticipates revenues under the
Yukon-Kuskokwim air ambulance contract to be
approximately $4,000,000 annually for the
five-year term to total $20,000,000 during the
life of the initial contract. These numbers
are based on the contract guarantee of 200
hours monthly. The actual hours and revenues
could be closer to $6,000,000 annually.

Purl Gurl
 

Author Topic: EFLT
stockdawg
New Member posted February 12, 2004 15:56
--------------------------------------------------------------------------------
Just a post to get any feedback on the most recent news release about EFLT.
SARASOTA, Fla., Feb 12, 2004 (BUSINESS WIRE) -- Elite Flight Solutions, Inc. (EFLT) announced today that it has accepted the resignation of Gregory Love as President and Director.

Regards,
StockDawg

IP: Logged

Purl Gurl
Member posted February 12, 2004 16:01
--------------------------------------------------------------------------------
There are a number of articles on EFLT
if you will take time to look around.
No need to start a new thread. Please
consider adding to existing threads
rather than starting a new thread.

Purl Gurl