SOURCE: Connect-A-Jet.com, Inc.

October 12, 2007 13:41 ET

Connect-A-Jet CEO, Martin Cantu, Addresses Its Shareholders and the General Public Regarding Recent Allegations and Market Concerns

AUSTIN, TX--(Marketwire - October 12, 2007) - Connect-A-Jet.com, Inc. (PINKSHEETS: CAJT), an online innovator of private jet travel and charter, announced today that its CEO, Martin Cantu, has elected to address the general public and the CAJT shareholders regarding recent allegations and market-related concerns.

"I would like to begin this address by extending my sincerest apologies for any inconveniences the present day issues may have caused any of our supportive shareholders. CAJT and I have in no way attempted to defraud our shareholders or the general public. Since the date of inception CAJT has attempted to be as forthcoming as possible to ensure the investment of our shareholders and to excel as an organization within the aviation industry. I have addressed a number of the concerns that we feel are a current concern of the public below."

SEC TRADING SUSPENSION:

"We are working aggressively and diligently with the SEC to resolve the issues that were of concern which consequently resulted in the trading suspension on CAJT stock. However I would like to state that CAJT in no way participated in, or was ever aware of, any fraudulent type 'spamming' that was taking place relating to its organization until being notified by our shareholders in the recent past. CAJT never at any time paid for any such spamming, never created or participated in creating any such spamming, never provided information to anyone creating such spamming, and never approved any such spamming.

CAJT is not being influenced by any parties or involved in any deceptive or fraudulent trade practices. CAJT is a legitimate and fully operating and growing company that will continue to operate within the aviation industry."

FUTURE OF CAJT

"We are fully aware of the setback that the allegations and false articles have placed on the public perception of CAJT. We fully intend and are already aggressively acting to coordinate with the SEC in attempt to have the trading suspension lifted as no fraudulent activity has been committed. We have also retained a certified public accounting firm certified to practice before the SEC to begin providing full financials to the public and become a fully reporting public company as soon as possible. It is our intent to become as fully transparent as possible to the SEC, our shareholders and the general public," stated Martin Cantu, CEO of Connect-A-Jet.com, Inc.

CAJT will have its "ribbon-cutting" event at its new charter/reservations center located in North Richland Hills, Texas, near DFW Airport, in the near future. CAJT remains in a fully operational status and will continue to book flights and take reservations on a daily basis.

For the full text of Mr. Cantu's statement please go to CAJT's website, www.connectajet.com.

ABOUT CONNECT-A-JET

For the first time in aviation history, CAJT intends to unite existing worldwide charter operators in the United States to operate under one efficient, real-time, online booking system. Customers across the globe will be able to book charter on every private aircraft in flight which meets their particular travel criteria. CAJT will also coordinate all ground transportation, in-flight catering, and will provide real-time flight tracking 24 hours for passengers convenience.

To learn more about Connect-A-Jet or book a charter flight, please visit: www.connectajet.com.

Disclaimer:

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook. The real-time booking system described in this press release has not been implemented to the CAJT website at the time of writing. It is the intention of CAJT to implement this technology at its earliest possible opportunity based upon successful testing.

Contact Information

  • Contact:
    Connect-A-Jet.com
    Investor Relations:
    David Donlin
    407-475-9966