SOURCE: VizStar, Inc.
NEW YORK, NY–(Marketwire – September 13, 2010) – VizStar, Inc. (
Dear present and many future VizStar shareholders,
In the near future, we will be changing our name to Celestial Jets to better reflect our business operations. We are a private jet company that is using state of the art telecommunications technology to provide on-demand private jet service to a large and lucrative market, the upper income individual. This multi-billion dollar market is best represented by the 55 million premium airline seats available today, which together represent approximately 10% of all airline seats.
We feel that the recent recession has created a once in a lifetime opportunity to bring private jet service to these customers at affordable prices. Prior to the start of the recession in 2007, there was an explosion of private jet demand by corporations and extremely wealthy individuals. We saw the rise of Berkshire Hathaway’s Net Jets’ fractional share service whereby people would purchase a stake in an aircraft. Then there was Marquis Jets whereby people would pay $250,000 – $1,000,000 annually for a certain number of hours of private jet travel time. These programs created a large fleet of privately owned jets as demand soared due to passengers’ reactions to the delays caused by increasingly burdensome security at the major airports as well as the over-leveraged growth of the economy from 2001 – 2007.
However, the recent housing bubble burst, and consequent debt-laden recession, has forced private jet demand to drop dramatically. Moreover, public resentment for corporations that used their own private jets ignited when top auto executives flew to Washington on their corporate jets to beg Congress for bailout money. These conditions have created a large under-utilized fleet of highly efficient, private jets. The owners of these jets are looking for any source of income to offset their large losses in other economic areas of their life and are much more open to renting their jets out. This is the impetus that is allowing private jet service to be remade in the model of the private limo service.
Celestial Jets will grow in this market through a roll up strategy, acquiring the assets of jet charter businesses which have suffered in the recession. We have identified six potential targets for acquisition that fit our model and estimate they will add in excess of $40 million in revenue and $4 million in operating earnings by year-end. To solidify our growth, we are offering the highest commission payouts in the industry, creating the friendliest jet broker environment and an effective tool when recruiting additional brokers.
In addition, we will use modern technology to auction off unused seats on private aircraft that never used to be rented. It will be similar to “StubHub” or “eBay” for the private jet world. Celestial’s platform will also include various products and services to drastically reduce the cost of private jet charter and expand the market by creating a jet sharing program by the seat. This model will allow those who travel first class, business class, and even coach class to enjoy all the comforts and luxuries of private jet travel at prices much closer to a commercial flight. Our service will allow private jet travel with no up-front cash commitment; no monthly fees; and provide a 24 hour personalized concierge service. Customers will be able to book flights through the internet, aviation specialists and mobile applications such as Apple Inc.’s iPhone and Research in Motion’s BlackBerry.
We are confident that this two-prong strategy will show near term sales and earnings from consolidation, but more importantly, it will enable Celestial Jets to become one of the fastest growing technology companies serving the air flight consumption market over the next 2-4 years. I encourage investors to join us by purchasing shares and benefit from the company’s future earnings growth and consequent increasing share prices.
Gary Clyburn Jr.
Chief Executive Officer
224 Fifth Avenue, 4th FL
New York, NY 10001
About VizStar, Inc.
VizStar is a premier aviation charter broker focused on delivering a new and unparalleled way to experience private jet travel. The company delivers this unmatched service without monthly membership fees, initiation fees, long term commitments or capital investment, while delivering typical savings of 20-30% when compared to other charter or fractional companies in the market place.
Within as little as four hours’ notice, VizStar can make all the travel arrangements for its client’s next trip. Whether it is a short hop or an intercontinental journey, business or pleasure, each and every detail is attended to according to the client’s specific requirements. With access to nearly 6,000 qualified aircraft, ranging from light, mid, heavy or jumbo jets, Celestial Jets is capable of serving any potential client.
The company adheres to the highest and most up-to-date safety standards of today. Each aircraft, in correspondence with FAA law, is flown by two pilots, each with outstanding credentials and type rated for the aircraft they are flying. VizStar also abides by the strict protocol of the Transportation Security Administration, the Federal Bureau of Investigation and all other federal and local law enforcement agencies.
For more information, please visit the Company’s website at: www.celestialjets.com.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995
With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to respond to the evolving technological landscape, inability to finance the Company’s operations or expansion, inability to hire and retain qualified personnel, competitive pressure, changes in the general economic climate, including rising interest rates, and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as ‘may,’ ‘will,’ ‘should,’ ‘expect,’ ‘plan,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential’ or ‘continue,’ the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.