SOURCE: Viva International, Inc.

January 17, 2007 09:45 ET

Viva Acquisition Announces Completion of Engine Sale to ITS

TRAVERSE CITY, MI -- (MARKET WIRE) -- January 17, 2007 -- Viva International, Inc. (OTCBB: VIVI) announced this morning that River Hawk Aviation (River Hawk) announced the completion of an engine sales agreement with International Turbine Service (ITS). Viva recently announced that it has closed on an asset purchase agreement with River Hawk.

River Hawk recently completed the sale of two (2) General Electric CT7 engines to ITS. This sale marked the beginning of the partout process of a recently purchased SAAB 340.

ITS is a member of the BBA Aviation Service Group that holds several industry leading aviation companies. ITS is an industry leader in the turbine engine and engine parts aftermarket business segment. ITS has been operating for over 25 years, and has purchased in excess of $10,000,000 in engine and engine parts inventory over the last 18 months.

Michael S. McCauley, VP of Marketing and New Business Development for ITS, commented, "Based upon our recent purchase of two General Electric CT7 from River Hawk it is clear that our ongoing conversations provide significant opportunities for each company."

Calvin Humphrey, founder of River Hawk and CEO of Viva, stated, "I am very pleased with this transaction and with how straightforward the process was with ITS. I look forward to expanding our business relationships with ITS and the rest of the BBA organization. The expansion of our relationships with ITS should add substantial forward ability to generate revenues and promote profitable growth within our aviation related industries and is consistent with my vision to add value to Viva/River Hawk for the benefit of our shareholders."

About Viva

Prior to Viva International Inc,'s (Viva) purchase of the assets of River Hawk Aviation, Inc. (River Hawk), Viva was primarily dedicated to the formation and development of airlines along with the acquisition of aviation-related operating businesses and airlines that displayed potential for restructuring into profitable and sustainable aviation-related growth concerns. The Company's primary involvement was with two developmental-stage carriers in regional markets from hubs in Puerto Rico and Santo Domingo, Dominican Republic. Our hub in Puerto Rico was maintained through our subsidiary Eastern Caribbean Airlines Corporation and our hub in the Dominican Republic was maintained by Viva Air Dominicana, S.A. Each of these companies remain subsidiaries of the Company and are being evaluated to determine the best course of action to return them to active operations.

The Company has now expanded its focus to also participate as an aviation parts and components supplier in the broader aviation industry, currently specializing in Saab and other commuter aircraft parts and components as well as a provider of consulting services, marketing and appraisals to the aviation community. At present, the Company maintains executive offices in Michigan.

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) our ability to obtain necessary financing and to manage existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) our ability to successfully complete financing and due diligence under the River Hawk Asset Purchase Agreement; (5) the Company's ability to comply with federal, state and local government and international regulations; and (6) other factors over which we have little or no control. 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:
    Viva International, Inc.
    (231) 932-7490