Basta Holdings Comments on Monarch Air Group's Ordering Agreement With the US Defense Logistics Agency Energy Department
10 Juni 2014 - 2:00PM
Basta Holdings Corp. (OTCBB:BSTA), an aviation
services and logistics management company, today announced that
Monarch Air Group has entered into a five year Basic Ordering
Agreement (BOA) with the Defense Logistics Agency Energy department
(DLA Energy) for the supply of jet fuel to various locations
outside the continental United States.
Basta Holdings has an exclusive marketing and private jet
charter agreement with Monarch Air Group, LLC. The terms of
Monarch's BOA agreement with the United States DLA Energy
department provides that Monarch will have the ability to bid on
any commercial requests from the DLA Energy for "JA1" commercial
jet fuel to be provided to OCONUS locations, which are outside of
the continental US. Only companies that have signed a BOA agreement
with the US government can compete for these contracts. Basta
Holdings' President, Jacob Gitman, commented, "Due to Basta's close
working relationship with Monarch Air Group, we believe the Company
is in a prime position to broker jet fuel services when DLA Energy
puts out contracts that Monarch can now bid on via their BOA
agreement. We believe that Monarch and Basta Holdings both have
great potential to financially benefit from this five-year US
government agreement." 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 management of long-term ACMI
leases of fixed wing and rotary passenger and cargo aircrafts and
private business aviation, which includes charter, maintenance,
overhaul and FBO development and management 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. No past revenue or other performance can guarantee the
same or better performance in the future. 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.
CONTACT: 888-959-7095
ir@sealpointconsulting.com
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