SOURCE: Viva International, Inc.

October 31, 2006 07:30 ET

Viva Chairman Humphrey Defines Strategic Plan

TRAVERSE CITY, MI -- (MARKET WIRE) -- October 31, 2006 -- Earlier today Viva International, Inc. (OTCBB: VIVI) released a statement from its Chairman and Chief Executive Officer that redefined the Company's future plan.

Calvin Humphrey, Viva's Chairman and CEO, stated, "Approximately 30 days ago, I accepted the positions of Chief Executive Officer and Chairman of the Board. As an active member of the aviation community, I was aware of Viva's business focus to acquire and develop airlines in the Caribbean and the unique challenges associated with the Viva plan. Viva and its subsidiaries were able to commence operations during 2005 and plans remain in place to return our Puerto Rico and Dominican Republic subsidiaries to active operations as well as maintain existing facilities and personnel."

Humphrey added, "However, having studied a number of options available to Viva and numerous other 'niche' aviation industry opportunities, I believe that the best immediate course of action for Viva is to concentrate the Company's efforts on the acquisition of profitable operating companies. For this reason and with the blessing of fellow management and the Board of Directors, the Company has pursued the acquisition of my former company, River Hawk Aviation, as well as Flight Test Associates, LLC. Our management team has compiled historical and forecasted financial information indicating the combined strength of these two companies has generated revenues in excess of $27 million with a pre-tax profit of $5.9 million and is capable of generating revenues of approximately $34 million in 2007 and $42 million in 2007 with a relatively small investment. Consolidated pre-tax incomes are forecast at approximately $6.7 million in 2007 and $8.1 million in 2008."

Humphrey commented further, "I am encouraged by the reception of the investment bankers and lenders to our plans to diversify Viva by adding River Hawk and Flight Test Associates to our mix. It is my opinion that these two acquisitions that are currently negotiating major defense and commercial contracts will continue to provide growth and profit in their respective 'niche' markets. Having successful operating companies under the Viva holding company will undoubtedly help us as we determine the best use of our resources to re-energize our Caribbean efforts."

Humphrey closed his interview with, "I am confident that the course of action that I have begun to implement is the best option available to build a corporate climate that will add real long-term value to our stakeholders."

About Viva International

Viva International has a number of airline and aviation-related interests including two developmental-stage carriers being readied to operate in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic and a United States-based aircraft brokerage and parts reseller and distributor.

The Company plans to create a network of regionally based airlines across the Caribbean, eventually to be linked to key points in the United States, Latin America, South America, and Europe and intends to concentrate on creating strategic partnerships and acquisitions in aviation related niche markets and opportunities.

At present, the Company maintains executive offices in Michigan and Texas.

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. Further information on potential factors that could affect Viva International, 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:

    Nimbus Development Corporation
    (631) 849-4834


    Christina Hanneman
    Investor Relations