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Topic: IBCM (expected to exceed $40 million dollars in revenue for Northern Lights Airlines)

flanders1114
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September 19, 2007 - 9:23 AM EST

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ICBM 0.001 0.0005

Today 5d 1m 3m 1y 5y 10y

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.'

You can visit NLA at: www.northernlightsairlines.com

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)

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