SOURCE: GULFSTREAM INTERNATIONAL GROUP, INC.

Gulfstream International Group, Inc.

February 12, 2009 09:50 ET

Taglich Brothers Initiates Coverage of Gulfstream International Group, Inc.

NEW YORK, NY--(Marketwire - February 12, 2009) - Taglich Brothers, Inc. announces it has initiated coverage of Gulfstream International Group, Inc. (AMEX: GIA).

Gulfstream International Group, Inc. is a holding company that operates two subsidiaries: Gulfstream International Airlines, Inc. and Gulfstream Training Academy, Inc. Gulfstream International Airlines is a commercial airline serving destinations throughout Florida and the Bahamas, as well as several cities to Continental Airlines' Cleveland, Ohio hub. The Academy provides flight training services to licensed commercial pilots.

The complete 26-page report is available at www.taglichbrothers.com.

Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from the Director of Research. As of the date of this report, Michael Taglich, President of Taglich Brothers, Inc., owns or has a controlling interest in 8,100 shares of GIA common stock, 20,000 shares of restricted stock, and 15,400 warrants. Robert Taglich, Managing Director of Taglich Brothers, Inc., owns or has a controlling interest in 600 shares of GIA common stock, 140,000 shares of restricted stock, and 15,400 warrants. Richard Oh, Director of Research and Managing Director of Taglich Brothers, Inc., owns 500 shares of GIA common stock, 10,000 shares of restricted stock, and 4,200 warrants. Doug Hailey, Director of Investment Banking at Taglich Brothers, Inc. owns 10,000 shares of GIA common stock, 68,700 shares of restricted stock, and 19,295 warrants. Luis Martins, Principal Equity Analyst at Taglich Brothers, Inc., owns or has a controlling interest in 1,000 shares of GIA common stock. Howard Halpern, Senior Equity Analyst at Taglich Brothers, Inc., owns or has a controlling interest in 2,000 shares of GIA restricted stock. Other employees at Taglich Brothers, Inc., also own or have a controlling interest in 2,750 shares of GIA common stock, 39,000 shares of restricted stock, and 9,705 warrants. Taglich Brothers, Inc. has an Investment Banking relationship with the company mentioned in this report. Gulfstream International Group was formed by Taglich Brothers Inc. and Weatherly Group LLC exclusively for the purpose of effecting the acquisition of Gulfstream International Airlines and Gulfstream Training Academy. In December 2007, Gulfstream completed its initial public offering (of which Taglich Brothers, Inc. was the managing underwriter) and began trading on the American Stock Exchange under the symbol GIA. In September 2008, Michael Taglich, President of Taglich Brothers, Inc., Robert Taglich, Managing Director of Taglich Brothers, Inc., and Doug Hailey, Director of Investment Banking at Taglich Brothers, Inc. were partners of Gulfstream Funding, LLC, which purchased a $1.0 million principal amount junior subordinated debenture and a warrant to purchase 225,000 shares of GIA common stock from Gulfstream International Group, Inc. Taglich Brothers, Inc. acted as placement agent for Gulfstream Funding, LLC in the transaction. All research issued by Taglich Brothers, Inc. is based on public information. Upon issuance of the initial report, Gulfstream International Group, Inc. will pay a monthly monetary fee of $2,000 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports.

Contact Information

  • Contact:
    Richard Oh
    Taglich Brothers, Inc.
    631-757-1500