CLEARWATER FL — Avantair a fractional share comp

first_imgCLEARWATER, FL — Avantair, a fractional share company selling the Piaggio Avanti P. 180 said results for its fiscal fourth quarter ended June 30, 2008 were strong.Fourth Quarter Fiscal 2008 Sales Highlights, reported by the company, include: * Fractional shares sold increased nearly 10% quarter-over-quarter,to 34.5 in the fiscal fourth quarter, from 31.5 at the end of the fiscal third quarter. * The Company reiterates its previous guidance for profitable operating results before interest, taxes and depreciation on a GAAP basis upon the sale of its 45th fractional aircraft. As of June 30, 2008, Avantair has sold 41.3 fractional aircraft.“The increase in fractional shares we sold during the fiscal fourth quarter confirms growing consumer demand for the Piaggio Avanti P. 180, which is the most fuel efficient and cost effective offering in the Light Jet category. This is in-line with our sales and marketing strategy, focused on providing the greatest value to our fractional owners and expanding market share,” said Avantair Chief Executive Officer Steven Santo. “Customer satisfaction levels, according to our recent customer survey, are at all time highs, resulting in nearly half of our sales being referral-driven. As a result of our continued top-line growth, significantly reduced operating expenses and increased consumer receptivity to our value proposition, we remain on track with our previous guidance for profitable operating results before interest, taxes and depreciation on a GAAP basis upon the sale of our 45th fractional aircraft.”About AvantairAvantair, with operations in 5 states and approximately 300 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership. Headquartered in Clearwater, FL, the Company currently manages a fleet of 49 aircraft, with another 60 Piaggio Avanti IIs on order through 2013.For more information:www.avantair.com.last_img read more

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first_img be_ixf; php_sdk; php_sdk_1.4.18 https://www.blackenterprise.com/black-womens-tech-startup-awarded-10000-jpmorgan-chase-grant/ https://www.blackenterprise.com/black-womens-tech-startup-awarded-10000-jpmorgan-chase-grant/ WealthyLife, a tech startup focused on ending poverty through financial literacy, won a $10,000 grant from the JPMorgan Chase to develop a financial literacy mobile app.The grant was awarded during the financial inclusion innovation competition at the 2016 Color of Wealth Summit held by the Center for Global Policy Solutions (CGPS).“As an entrepreneurial team of black women, we’ve experienced firsthand the challenges underrepresented communities face when it comes to financial inclusion and access to capital, so we’re thrilled and thankful to CGPS and the JPMorgan Chase,” said Angel Rich who co-founded WealthyLife along with Courtney Keen and Shyaam Sundhar.With the grant, the WealthyLife team will turn its online app CreditStacker into a mobile app.CreditStacker is a financial education game described as “an innovative financial play on credit reports. The pieces will look and feel like credit items, accumulating over your life span to impact your credit score and net worth,” on the company’s site.The additional capital will allow WealthyLife to offer CreditStacker as a mobile app and add features including animation and levels to make the user experience interactive and engaging.As with the Web app, the CreditStacker mobile game will teach players how to manage various types of credit, interpret a credit report, achieve good credit, and avoid the risks associated with debt.CreditStacker will be offered for free in 28 cities as part of ConnectHome, a public-private collaboration to bring affordable broadband access, technical training, digital literacy, and electronic devices to underserved communities.“This grant will help us bring CreditStacker to the people who need it as a mobile app, furthering our mission to provide equal access to financial literacy for everyone,” said Rich.“JPMorgan Chase’s philanthropic work supports a range of programs to help people, particularly those from low- and moderate-income communities increase savings, improve credit, reduce financial shocks, and build assets,” said Janis Bowdler, managing director, Financial Capability, Community Development, and Small Business, JPMorgan Chase.WealthyLife was the winner among four other finalists including Working Solutions, PayActiv, and the Latino Economic Development Center.last_img read more

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