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.
CONTACT: Seal Point Consulting 888-959-7095 email@example.comSource:Basta Holdings Corp.