AVSTAR Aviation Group, Inc. Announces Stock Sale Agreement With Twin Air Calypso Limited, Inc.

SOURCE: AVSTAR Aviation Group, Inc.

HOUSTON, TX–(Marketwire – August 2, 2010) –  AVSTAR Aviation Group, Inc. (PINKSHEETS: AAVG) is pleased to announce that a “Stock Sale Agreement” with Twin Air Calypso Limited, Inc. has been executed and will close in August 2010.

The acquisition of Twin Air Calypso Limited, Inc. is the initial step in the expansion of AVSTAR into the airline sector of the aviation industry. Twin Air Calypso Limited, Inc. is an Air Carrier certified by both the United States government and the government in the Bahamas. The principals and management of Twin Air Calypso Limited, Inc. have served the passenger and freight requirements of the “Family Islands” in the Bahamas for over 40 years. AVSTAR will continue Twin Air’s long standing tradition and route structure while expanding the capacity, frequency and number of destinations served in a fiscally sound manner.

AVSTAR’s subsidiary Twin Air Calypso Services, Inc. will provide maintenance and ground support services including inspections and advanced communications testing for Twin Air Calypso Limited, Inc., other commercial operators, and the general aviation sector through their facility at the Ft. Lauderdale/Hollywood Airport (HWO).

AVSTAR’s mission is to identify existing aviation entities that can be made more efficient and profitable through the purchase or support of AVSTAR Aviation Group, the experienced management team, the company’s sound infrastructure, and their growing financial resources.

About AVSTAR Aviation: AVSTAR has a main focus on acquiring, consolidating, and growing businesses in the aviation industry. Also, the company is focusing on acquiring and/or developing companies that provide products and services for general aviation maintenance, repair, and inspections. For more information, please visit, www.avstarinc.com

Forward-Looking Statements: Certain statements contained in this release issued by AVSTAR Aviation Group, Inc. (the “Company”) that are not historical facts are “forward-looking” statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions are generally intended to identify forward-looking statements.

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