Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
TRAVERSE CITY, MI -- (MARKET WIRE) -- 08/30/06 -- Viva International, Inc. (the "Company")
(OTCBB: VIVI) announced this morning it plans to restructure the Company to
facilitate its expansion and financing efforts as an aviation holding
company.
Recently the Company announced that Rodolfo "Rudy" Dominguez accepted the
appointment as Chief Executive Officer of the Company and veteran aviation
executive Calvin Humphrey has joined the Company's Board of Directors.
Additionally, the Company recently announced that it is in negotiations to
acquire the assets and the business operations of River Hawk Aviation, Inc.
("River Hawk"), a privately held company owned by Mr. Humphrey. This
agreement will enable the Company to further develop a domestic corporate
entity specializing in the acquisition of aircraft and the sale of aviation
parts. Furthermore, management believes that the activities of River Hawk
can be expanded to create opportunities to support and develop the
interests of the Company's subsidiaries in the Caribbean. It is
anticipated that Calvin Humphrey will have an expanded role in the Company
after the completion of the acquisition of River Hawk.
The Company has also entered into a Consulting Agreement with Cambridge
Partners, LLC ("Cambridge") that contemplates assisting management with
certain applications of Viva International, Inc. and Viva Air Dominicana,
S.A. (its 49% owned subsidiary) for separate listings on the Frankfurt
Stock Exchange. In addition, the Company has entered into negotiations
with individual owners of Company stock that will provide up to twenty
million (20,000,000) shares to fund the Consulting Agreement. Under the
Consulting Agreement, registered broker dealers will help effect private
sales that the Company expects to generate up to $5 million in proceeds if
all 20,000,000 shares are sold. The Company anticipates entering into loan
agreements for up to 80% of the proceeds.
The Company release emphasized that as a condition of its Consulting
Agreement with Cambridge it will study the feasibility of a future
distribution of the assets of its Eastern Caribbean Airlines, Inc.
subsidiary, which distribution will be effected for the benefit of its then
existing shareholders.
Company CEO Rodolfo "Rudy" Dominguez stated, "The pursuit of River Hawk
combined with the Cambridge Consulting Agreement brings my vision for this
Company into the acceleration mode. From the financing side, the Company
still has a number of projects that the investment banker network is
reviewing and on which we are seeking funding commitments. Further, the
addition of the Cambridge Consulting Agreement gives us a broader base of
financing from which we expect to be able to draw. The availability of Cal
Humphrey in an expanded capacity as well as the ability of our organization
to attract additional quality management and fulfill the expansion of our
Board of Directors makes this an exciting time for our shareholders and
followers."
Further information can be obtained by reviewing the Company's recent 8-K
filings and other documents filed with the U. S. Securities and Exchange
Commission.
About Viva International
Viva International has a number of airline and aviation-related interests
including two development stage carriers being readied to operate in
regional markets from hubs in Puerto Rico and Santo Domingo, Dominican
Republic.
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.
At present, the Company maintains executive offices in Michigan.
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 manage existing debt; (3) the risks inherent
in the investigation, involvement and acquisition of a new business
opportunity; (4) unforeseen costs and expenses; (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:
Viva International, Inc.
(231) 932-7490
Christina Hanneman
Investor Relations
303-220-8476 or 866-755-8484