FLYHT Aerospace Solutions Ltd. Commences Trading on the OTCQX Marketplace
Calgary, Alberta – June 24, 2014 FLYHT Aerospace Solutions Ltd. (“FLYHT”) (TSX-V: FLY; OTCQX: FLYLF) is pleased to announce that effective today, it has commenced trading on OTCQX, the best marketplace for qualified companies, under the symbol “FLYLF”.
The OTCQX marketplace offers the best informed and most efficient trading for established, investor-focused U.S. and global companies. To qualify, companies must meet high financial standards, be current in their disclosure, and be sponsored by a professional third-party advisor. Non-U.S. companies must also be listed on a qualified foreign stock exchange. FLYHT’s common shares will continue to trade on the TSX Venture Exchange under the symbol “FLY”.
“Upgrading to OTCQX was a logical step for FLYHT to increase accessibility for our shareholder base in the U.S.,” said Bill Tempany, CEO of FLYHT. “As part of the international aviation community, it makes sense to open our doors for investment outside of Canada and make investment in FLYHT easier for U.S. investors.”
Investors can find current financial disclosure and Real-Time Level 2 quotes for FLYHT on www.otcmarkets.com. Financial disclosure and other information about the Company are also available at www.flyht.com.
About FLYHT Aerospace Solutions Ltd.
FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS™ UpTime™, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT’s triggered data streaming mode, FLYHTStream™, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Dragon is FLYHT’s latest product, a revolutionary light weight portable satellite communications device that blends existing FLYHT technology with that of the iPad.
AFIRS, UpTime, the Dragon, FLYHTStream and AeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
FLYHT Aerospace Solutions Ltd.
Thomas R. French, CGA
Chief Financial Officer
The Howard Group Inc.
(888) or (403)-221-0915
Bristol Institutional Relations
Kin Communications Inc.
(866) or (604) 684-6730
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain statements included in this press release may be considered “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on FLYHT's current beliefs as well as assumptions made by and information currently available to FLYHT and relate to, among other things, anticipated financial performance, business prospects, strategies, regulatory developments, market acceptance and future commitments. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based only on information currently available to FLYHT and speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by FLYHT in its public securities filings and on its website, actual events may differ materially from current expectations. FLYHT disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.