posted
VIVI looks good here. Coming off bottom and turning up. All we need is a little volume to have lift off. O/S is only 74 mil. RSI 35. 52 wk low is .019. Currently its at .022 on u/t.
Posts: 725 | From: litte rock AR | Registered: Oct 2005
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posted
Just had news... Forecast for $6mil in revs from this acquistion? Nice...
VIVI -- Viva International, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Viva/Flight Test Associates Agree to Extend Time to Complete Acquisition
TRAVERSE CITY, MI, Jan 31, 2007 (MARKET WIRE via COMTEX) -- Viva International, Inc. (OTCBB: VIVI) announced today that its plans to acquire the assets and business operations of Flight Test Associates, LLC of Tucson, Arizona in a transaction that will result in Viva issuing an 8% secured subordinated promissory note for $2 million have been extended pursuant to an agreed letter of intent that was mutually executed by Viva and Flight Test on January 30, 2007. The agreement that was originally scheduled for completion and closing on December 31, 2006 is now scheduled to be completed on or before March 31, 2007. Flight Test Associates, LLC (FTA) was organized in 2001 to meet demands created by a government requirement to modify A-37s for airborne intercept in Peru & Columbia. Currently, FTA develops prototype systems, performs systems integration and manned and unmanned aircraft modifications, as well as flight test and flight operations support services. In recent years, FTA has concentrated its efforts on the design and development of instrumented Aircraft Engine Test Stands as well as shifting its emphasis from operational training to engineering support for Pratt & Whitney engine development programs.
FTA and its affiliates generated revenues in excess of $3 million through the nine months ended September 30, 2006 and Company management has previously estimated that revenues for the entire 2006 year would be approximately $4 million. Company management has also forecast its expected revenues for 2007 to be $6 million.
Calvin Humphrey, Viva's Chairman & CEO, commented, "The agreement to extend the time frame to complete the acquisition of the assets and business operations of Flight Test Associates, LLC and its affiliated entities was needed to further identify all assets and business operations to be included in the transaction. Our Company is committed to this transaction and we have a mutual commitment of the Flight Test Group and its principal officers, James Paquette and Alex Wolfe. As we have been working towards a finalization of our agreement, I have been working closely with Flight Test, Jim and Alex in our pursuit of certain defense contract participation and other business development. My involvement further confirms that the acquisition of the assets and operations of Flight Test Associates will add a fundamentally strong subsidiary presence in a niche aviation-related industry to the Viva family. This acquisition combined with the recent agreement to acquire the assets of River Hawk Aviation clearly shows that new direction of Viva is well under way. I expect to continue to bring complementary and profitable entities into our holding company and will further explore various options to allow for the operation of our Caribbean corporate interests. In my opinion, the integration of Flight Test Associates as well as River Hawk Aviation into the Viva family of companies gives us unique market and contractual opportunities with major aviation suppliers that are intended to help us drive revenues and profits."
About Viva
Recently Viva International Inc. (Viva) agreed to purchase of the assets of River Hawk Aviation, Inc. (River Hawk). Prior to this, Viva was primarily dedicated to the formation and development of airlines along with the acquisition of aviation-related operating businesses and airlines that displayed potential for restructuring into profitable and sustainable aviation-related growth concerns. The Company's primary involvement was with two developmental-stage carriers in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic. Our hub in Puerto Rico was maintained through our subsidiary Eastern Caribbean Airlines Corporation and our hub in the Dominican Republic was maintained by Viva Air Dominicana, S.A. Each of these companies remain as subsidiaries of the Company and are being evaluated to determine the best course of action to return them to active operations.
The Company has now expanded its focus to also participate as an aviation parts and components supplier in the broader aviation industry, currently specializing in Saab and other commuter aircraft parts and components as well as a provider of consulting services, marketing and appraisals to the aviation community. At present, the Company maintains executive offices in Michigan.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) our ability to obtain necessary financing and to manage existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) our ability to successfully complete financing and due diligence under the River Hawk Asset Purchase Agreement; (5) the Company's ability to comply with federal, state and local government and international regulations; and (6) other factors over which we have little or no control. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
Contact: Viva International, Inc. (231) 932-7490
SOURCE: Viva International, Inc.
Copyright 2007 Market Wire, All rights reserved.
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SUBJECT CODE: Transportation and Logistics:Air Freight Aerospace and Defense:Aircraft Travel and Hospitality:Airlines Transportation and Logistics:Public Transportation
Posts: 2741 | From: Seattle | Registered: Feb 2005
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Flight Test Associates to Participate With Northrop Grumman on Major Program Initiative Feb 1, 2007 1:21:00 PM TRAVERSE CITY, MI -- (MARKET WIRE) -- 02/01/07 -- Viva International, Inc. (Viva) (OTCBB: VIVI) announced this morning that Flight Test Associates (FTA), will join the Northrop Grumman team in the pursuit of a major program with the Counter-Narcoterrorism Program Office (CNTPO). The program will provide support for counter-drug initiatives in South America and the Middle East. The estimated program value is approximately $300 million per year. A multi-year indefinite quantity contract vehicle will be used to secure services from multiple successful bidders. The program will focus on providing operational support, logistics and training for foreign governments that are engaged in counter drug operations. FTA's core business is aircraft modification for special operations and tactical aircrew training. Viva has previously announced its intentions to acquire the assets and business operations of Flight Test and its affiliated entities in a transaction scheduled for completion on/or before March 31, 2007.
James Paquette, managing member of Flight Test and a Director of Viva, commented, "I am pleased to have this opportunity to participate with Northrop Grumman and at the prospects of contributing to this worthwhile cause and effort. The level of involvement of the Flight Test Group is yet to be determined but I am reasonably sure that our participation will involve significant utilization of our capabilities and resources."
About Viva
Recently Viva International, Inc. (Viva) agreed to purchase of the assets of River Hawk Aviation, Inc. (River Hawk). Prior to this, Viva was primarily dedicated to the formation and development of airlines along with the acquisition of aviation-related operating businesses and airlines that displayed potential for restructuring into profitable and sustainable aviation-related growth concerns. The Company's primary involvement was with two developmental-stage carriers in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic. Our hub in Puerto Rico was maintained through our subsidiary Eastern Caribbean Airlines Corporation and our hub in the Dominican Republic was maintained by Viva Air Dominicana, S.A. Each of these companies remains as subsidiaries of the Company and are being evaluated to determine the best course of action to return them to active operations.
The Company has now expanded its focus to also participate as an aviation parts and components supplier in the broader aviation industry, currently specializing in Saab and other commuter aircraft parts and components as well as providing consulting services, marketing and appraisals to the aviation community. At present, the Company maintains executive offices in Michigan.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) our ability to obtain necessary financing and to manage existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) our ability to successfully complete financing and due diligence under the River Hawk Asset Purchase Agreement; (5) the Company's ability to comply with federal, state and local government and international regulations; and (6) other factors over which we have little or no control. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
Contact: Viva International, Inc. (231) 932-7490
Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
Woohoo. Nice play that was. I hope yall played along. Take some off the top here.
Posts: 725 | From: litte rock AR | Registered: Oct 2005
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posted
This will get back to 10 cents. I've been holding for years this is absolutely a good time to add or open a new position.
Posts: 9 | Registered: Jan 2007
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