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HJHO - Halcyon Jets Holdings, Inc.

post #1 of 14
Thread Starter 
Nice news on this one after hours...

Halcyon Jets Reports Record Financial Performance for Q1 2009
Monday June 23, 4:01 pm ET

NEW YORK--(BUSINESS WIRE)--Halcyon Jets Holdings, Inc. (OTCBB:HJHO - News), pioneering elite concierge services for the private air travel services industry, reported financial results for its first quarter ended April 30, 2008, highlighted by the Company’s continued growth in revenues to approximately $10 million, representing 83% of revenues for the entire previous fiscal year. HJHO also reported that the Company’s operating loss declined to 6.9% of revenues, compared to 62% for the period the previous year. Approximately half of the Company’s operating loss was due to non-cash items.

HJHO announced the record organic growth in Q1 2009 was the result of a significant rise in client usage of its private travel and concierge services. In the most recent quarter, Halcyon booked 341 trips compared to 17 in Q1 2008. Operating margins also rose 50% to 16.6% as compared to the prior year start-up quarter.

“We are pleased with the results realized through the successful execution of our strategic business plans,” said Mitchell Blatt, Chief Executive Officer of Halcyon Jets Holdings. “Halcyon has consistently produced quarterly growth since inception and today’s announcement, while exciting, represents only the first inning. We are confident that through both organic means and strategic acquisition that Halcyon will continue to set the standard for private air travel both domestically and internationally, delivering consistent and significant shareholder value.”

Halcyon recently announced it signed a Letter of Intent to acquire a majority interest in Beverly Hills-based private aviation firm A-List Jets. This first acquisition by Halcyon would increase its already impressive client list as well as adding A-List’s international business and high-end clientele of its own.

Since its inception in February 2007, Halcyon has become the private air brokerage service of choice for clients in the sports, entertainment and corporate realms. With partners such as professional basketball star Shaquille O’Neal and board member Spike Lee, the experienced management team has garnered an impressive reputation for those who choose to bypass the long lines, the security hassles and schedule delays that have become commonplace in commercial aviation.

About Halcyon Jets Holdings, Inc.

Halcyon Jets Holdings, Inc. (“Halcyon Jets” or “the Company”), operating through its wholly owned subsidiary Halcyon Jets Inc., is a world-class broker of on-demand aircraft services, serving as agent of its customers in arranging for their transportation needs. Halcyon Jets capitalizes on the highest-margin segment of the aviation industry: elite business and luxury travelers who demand the highest levels of service, professionalism and comfort. The Company is committed to building revenues and shareholder value through organic growth as well as possible acquisitions. To serve this growing market, Halcyon has developed a luxury service unique in its ability to create a comprehensive White Glove-Red Carpet travel experience. Halcyon Jets takes pride in having the most flexible card program in the industry, with the lowest cost of entry, as well as the highest level of service. Halcyon Jets has access to a fleet of aircraft reaching thousands of airports, large and small, nationally and internationally. Halcyon Jets does not own or operate the aircraft on which our customer's fly but through business partnerships with the aircraft operators, Halcyon is able to focus exclusively on providing the industry’s most exemplary service. All Halcyon-arranged flights are operated by Federal Aviation Administration certificated Part 135 air carriers that have the highest independently determined safety ratings.

For more information, please visit http://www.halcyonjets.com.

For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/hjho.

To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/hjho/quote.html.

To read the Company’s Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/hjho/factsheet.html.
post #2 of 14
Thread Starter 
Dunno, this one looks like it could pop real nice tomorrow if we get some volume...

post #3 of 14
Thread Starter 
Looks like people are bidding this one this morning...
post #4 of 14
Thread Starter 
Had some nice volume this morning then SSGI mm started selling low...Not sure if this is a dump on news? It looks like when he moves out of the way it will go to .5 quick...GL
post #5 of 14
Yeah, it looked like decent buys on the ask then one huge dump on the bid killed it for today. Hopefully a rebound tomorrow.
post #6 of 14
Thread Starter 
Quote:
Originally Posted by Rich S View Post
Yeah, it looked like decent buys on the ask then one huge dump on the bid killed it for today. Hopefully a rebound tomorrow.
Probably a larger holder, at least hes out now, it looks like it will gap to .5 once hes gone...Time will tell
post #7 of 14
Thread Starter 
Looks like things have settled on this one...I'm thinking it should move upwards again. It seems that .35 has been the bottom for a while we'll see if we get a nice bounce...
post #8 of 14
my favorite pumper of all time ^^^^
post #9 of 14
Who?
post #10 of 14
Thread Starter 
Quote:
Originally Posted by elbmag View Post
my favorite pumper of all time ^^^^
Thanks, i'll take that as a complement for now


Looks like some news out the other day:

Halcyon Jets Announces Intent to Acquire Jet One Jets

Second Pending Company Acquisition Continues Aggressive Roll-up Strategy to Significantly Increase Growth Opportunities

NEW YORK, Jun 27, 2008 (BUSINESS WIRE) -- Halcyon Jets Holdings, Inc. (OTCBB:HJHO), pioneering elite concierge services for the private air travel services industry, announces that the Company has executed a letter of intent, subject to due diligence and Board approval, to acquire the business and assets of Woodbury Long Island-based Jet One Jets, an innovative private aviation services provider.

This potential acquisition is the second to be announced since Mitchell Blatt was appointed the new Chief Executive Officer of Halcyon Jets. The first targeted acquisition, Beverly Hills-based A-List Jets, is still pending. This strategic roll-up strategy is intended to cement the Company as a leader in the private air travel services industry.

Much like Halcyon, Jet One is a prominent private travel services firm that arranges private jet charter services to a select group of clients that include top celebrities, professional athletes, executives of leading entertainment firms and Fortune 500 companies. Jet One's record of success, with special expertise in the travel requirements of high-end clientele, would complement Halcyon's already impressive clientele base.

"When presented with the opportunity to acquire the Jet One business we felt the deal was extremely attractive on a number of fronts," said Mitchell Blatt, Chief Executive Officer of Halcyon Jets. "The acquisition fits perfectly into our strategy of growth through strategic acquisition as a means to further expand our customer base and create new opportunities to build long-term shareholder value."

Halcyon intends to expand its sales force to better serve its growing clientele with the first-in-class service that is the hallmark of both companies. Halcyon also intends to continue Jet One's philanthropic endeavors as a contributor to non-profit groups such as the Corporate Angel Network, which eases the financial burden of travel for cancer patients by arranging free flights to treatment centers in the empty seats of corporate jets.

Halcyon has experienced exceptional growth as the Company continues to execute on its aggressive business plans. That growth was recently evidenced by the Company's Q1 2009 reported revenues of $10.2 million which equaled 83% of revenues for its entire prior fiscal year. The Company saw bookings in Q1 2009 rise to 341 trips compared to 17 in Q1 2008. Halcyon has experienced uninterrupted organic quarterly growth since inception.

About Halcyon Jets Holdings, Inc.

Halcyon Jets Holdings, Inc. ("Halcyon Jets" or "the Company"), operating through its wholly owned subsidiary Halcyon Jets Inc., is a world-class broker of on-demand aircraft services, serving as agent of its customers in arranging for their transportation needs. Halcyon Jets capitalizes on the highest-margin segment of the aviation industry: elite business and luxury travelers who demand the highest levels of service, professionalism and comfort. The Company is committed to building revenues and shareholder value through organic growth as well as possible acquisitions. To serve this growing market, Halcyon has developed a luxury service unique in its ability to create a comprehensive White Glove-Red Carpet travel experience. Halcyon Jets takes pride in having the most flexible card program in the industry, with the lowest cost of entry, as well as the highest level of service. Halcyon Jets has access to a fleet of aircraft reaching thousands of airports, large and small, nationally and internationally. Halcyon Jets does not own or operate the aircraft on which our customers fly but through business partnerships with the aircraft operators, Halcyon is able to focus exclusively on providing the industry's most exemplary service. All Halcyon-arranged flights are operated by Federal Aviation Administration certificated Part 135 air carriers that have the highest independently determined safety ratings.

For more information, please visit http://www.halcyonjets.com.

For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/hjho.

To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/hjho/quote.html.

To read the Company's Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/hjho/factsheet.html.
post #11 of 14
Thread Starter 
Stock has been holding its own recently...Nice news last week as well..GL
post #12 of 14
bump for newbie "toms119"

search...use existing threads...
post #13 of 14
Hello I own halcyon jets HJHO and they are a small or micro cap stock. They have recently as of July 1st stated that the company HJHO will be sold to gregory cohen, and halcyon jets inc will make 274million shares to purchase alliance network communicatitions inc.

They then will m change the joint companies name to Alliance Network Communications Holdings llc.

Halcyon Jets will then undergo a 15 for 1 reverse stock split and alliances old shares will undergo a 7 for 1 reverse stock split.

This can be a good trading or purchase oppurtunity although I am not aware of the dates of any of these events. I can not find when all of these changes or even one of them will be effected.

Do you have any news or can you find any news on this subject? You may come across a good stock buy.

i own shares of the company, alot
Thanks,
Tom
i
post #14 of 14
Does anyone have any dates to when these or any of the events regarding Halcyon Jets will Take place?
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