SOURCE: River Hawk Aviation, Inc.

October 04, 2007 11:21 ET

River Hawk Reports Revenue for Period Ended September 30, 2007

TRAVERSE CITY, MI--(Marketwire - October 4, 2007) - River Hawk Aviation, Inc. (PINKSHEETS: RHWA) ("River Hawk" or the "Company") today announced that it has achieved in excess of $789,500 of consolidated operating revenues through the period ended September 30, 2007. The Company completed acquisitions of Profile Aviation Services, Inc. and Profile Aviation Center, Inc. ("Profile") of Hickory, North Carolina and privately held River Hawk Aviation, Inc. of San Antonio, Texas ("RHSA") during August of 2007.

The Company noted that year to date consolidated operating revenues Profile and RHSA through September 30, 2007 were approximately $8.8 million. Pre-acquisition revenues of Profile and RHSA were slightly in excess of $8.0 million.

Calvin Humphrey, CEO of River Hawk, commenting from San Antonio, said," I am pleased to announce our initial report of revenues from our recently completed transactions. Although pleased with the revenue report, I have launched, with fellow management, an intensive review of our revenue composition and we are in the process of implementing an aggressive marketing strategy for each of our newly acquired subsidiaries. I have utmost confidence in the ability of our Company to significantly expand our revenue base and improve utilization of our available resources."

About River Hawk Aviation, Inc.

River Hawk Aviation, Inc. is a holding company concentrating on the acquisition and development of aviation niche companies. Presently, the Company's operating subsidiary base is comprised of Profile Aviation Center, Inc., Profile Aviation Services, Inc. of Hickory, North Carolina and River Hawk Aviation, Inc. (a private entity) of San Antonio, Texas.

The combined synergies associated with the Company's current holdings will provide revenues from charter aircraft operations, aviation management services to private aircraft owners, certified aircraft maintenance services, fueling and other fixed base operation services as well as aviation parts and components sales within the aviation industry. The Company and its subsidiaries are also able to offer consulting services, marketing and appraisals to the aviation community. At present, the Company maintains offices and a fixed base operation including aviation hangars in Hickory, North Carolina, offices and inventory warehousing in San Antonio, Texas, and executive offices in Michigan.

The Company's plan for future growth and development will focus on the acquisition of aviation-related operating businesses and airlines that display the potential for restructuring into profitable and sustainable aviation-related growth concerns.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4) complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control. Further information on potential factors that could affect River Hawk Aviation, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.

Contact Information

  • Contact Information:
    For River Hawk Aviation, Inc. Media & Investor Relations:
    Joseph J. Malone


    Robert J. Scott
    (231) 946-4343