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Great news just released this oversold stock could move up nicely from this point more to come. Northern Lights Airlines Ltd. A Joint Venture of ICBS Limited (50% Owned) Opens Negotiations for 60 million dollar route to Brazil. Wednesday December 5, 10:52 am ET
NEW YORK and MONTREAL, Dec. 5 /PRNewswire-FirstCall/ - Northern Lights Airlines Ltd. a start up charter airline 50% owned by ICBS Limited (PINKSHEETS: ICBM - News), today announced that they have opened negotiations for a Brazilian route, for both passenger and freight service. Flights will originate from points in Canada and the U.S.. The passenger and freight revenue from this negotiation could lead to over $60 million dollars in revenue for Northern Lights Airlines Ltd. ADVERTISEMENT
"We want to be a charter airline company that serves the most desirable tourism markets in the world," said company President & CEO Peter Papadatos, speaking from corporate headquarters in Montreal Monday.
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.
Posts: 660 | From: california | Registered: Nov 2005
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More news for ICBM hasn't hit the major news sources (yahoo, pinksheets , alphatrade yet)
Northern Lights Airlines a Joint Venture of ICBS signs MOU for 12.5 million equity investment.
PR Newswire "US Press Releases "
NEW YORK and MONTREAL, Dec. 10 /PRNewswire-FirstCall/ - Northern Lights Airlines Ltd., a start up charter airline and joint venture of ICBS Limited (PINKSHEETS: ICBM), announced today that Northern Lights Airlines , has signed a Memorandum of Understanding for a $12.5 million dollar equity investment by a private equity group.
Airline executive Peter Papadatos, President and CEO along with Garth McIntosh, President and CEO of ICBS signed a formal MOU with a private equity investors on December 6, 2007. Northern Lights Airlines is expected to launch in the spring of 2008 with its first flights to Tunisia, and other Mediterranean destinations. An exclusive two year deal was signed with the Tunisian government, (September 19, 2007 PR) which will make NLA the only Canadian carrier to have such an exclusivity. Flights will originate from Montreal and Toronto Canada and are expected to produce between 40-50 million dollars in revenue per year.
Northern Lights Airlines, Ltd. ("NLA") is a new international charter airline. NLA was organized to exploit a gap in the long-haul international travel market that exists with low cost, high comfort and high quality service.
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Extaport International, (a division of ICBS), signs exclusive 12 Million dollar wine deal
NEW YORK and MONTREAL, Dec. 17 /PRNewswire-FirstCall/ - ICBS Limited (ICBS) (Pink Sheets :ICBM - News) a business development and management firm located in New York and Canada, announced today that Extaport International has signed an exclusive 5 year wine distribution contract for the North American market with one of Portugal's largest wine CO-OP's UDACA
UDACA ,one of Portugal's largest Co-ops has signed a 5 year exclusive North American distribution contract with ICBS for the North American Market. The wines will be distributed by Extaport International Ltd, a wholly owned division of Northern Lights Airlines (40%) and ICBS (60%). The 5 year deal is expected to bring revenues of 12 million dollars over the course of the contract.
UDACA, has an excellent selection of international award winning Portuguese wines. These fine European wines will bring an unusual and unique experience to the wine markets of North America. ICBS is expected to launch the new line early in 2008.
"This goes hand in hand with our economic developpement plans which is expected to see ICBS expanding with the importation of beverage and food stuffs" said Garth McIntosh, President & CEO of ICBS.
"We will of course be serving these excellent wines on our Airlines", said Peter Papadatos, President & CEO of Northern Lights Airlines.
NB. 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.
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