CEO/CFO Magazine Interviews Vice President of Basta Holdings
06 May 2014 - 12:00AM
FORT LAUDERDALE, Fla., May 5, 2014 (GLOBE NEWSWIRE) -
Basta Holdings Corp. (OTCBB:BSTA), an aviation and
logistics management company, today announced that Vice President
and Board Member, Andrew Logullo was recently interviewed by
CEO/CFO Magazine. To read a full transcript of the interview,
please visit the following URL:
http://ceocfointerviews.com/interviews/BastaHoldings14.htm During
the interview, Mr. Logullo discussed the Company's business model
and operations as well as Basta Holdings' revenues, growth strategy
and upcoming milestones. Some of his comments on these areas
include the following. "Basta Holdings has guaranteed revenue in
the form of government contracts and an aggressive growth strategy
to establish a significant market presence in the explosive Chinese
Aviation market as well as the global Fixed Base Operator (FBO) and
Maintenance, Repair and Overhaul (MRO) markets." Commenting on
current and projected revenues, Mr. Logullo said, "Basta Holdings
is debt free and expects to remain debt-free throughout our
expansion. The company's current contracted business positions
Basta Holdings to bring in over $11 million in revenues without
bringing any new business and its only our first year of being
public."
"We estimate that our revenues will grow to $19 million in 2015
and approximately $30 million in 2016. This should be very
compelling to potential shareholders because our projections are
actually very conservative yet still show 58% annual growth within
the next 2 years." Mr. Logullo discussed the Company's upcoming
milestones and growth strategy, stating, "The company intends to
enter the Chinese aviation market which is on the verge of
tremendous growth and between the industry relationships of our
board member, Sophie Xue as well as our experience and ability to
successfully deliver this service in the most difficult global
environments in the world, we feel that Basta Holdings is in an
optimal position to successfully enter this market which would fuel
a large increase in revenue and shareholder value." "Basta Holdings
intends to acquire 2 US-based MRO's within the near future and
incorporate the Company in Hong Kong and China, establishing
offices in the free trading zone of Shanghai. The company will also
apply for a CAAC Part 91 and part 145, which are licenses necessary
to operate MRO's and FBO's in China. Following the receipt of these
licenses, Basta plans to purchase/open/establish one or multiple
MRO's," he continued. CEO/CFO Magazine is a weekly print online
publication featuring in-depth interviews with many of today's top
corporate executives. About Basta Holdings Corp.
Basta Holdings Corp. provides contract procurement, business
development and management services in the aviation and logistics
industries. The company specializes in long-term leasing of fixed
wing and rotary passenger and cargo aircrafts and private business
aviation, which includes charter, maintenance, overhaul and FBO
development as well as various auxiliary services. For more
information on the company, please visit www.bastaholdings.com.
Forward Looking Statements.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this press
release are forward-looking statements. These statements relate to
future events or to the Company's future financial performance, and
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. Investors should not
place any undue reliance on forward-looking statements since they
involve known and unknown, uncertainties and other factors which
are, in some cases, beyond the Company's control which could, and
likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
the Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. Such risks, uncertainties and other factors, which could
impact the Company and the forward-looking statements contained
herein are included in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future.
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