Press release from Marketwire
FLYHT Announces Proposed Private Placement
Tuesday, September 18, 2012
FLYHT Announces Proposed Private Placement18:55 EDT Tuesday, September 18, 2012CALGARY, ALBERTA--(Marketwire - Sept. 18, 2012) -NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESFLYHT Aerospace Solutions Ltd. (the "Corporation") (TSX VENTURE:FLY) announced today that it is proposing a non-brokered private placement. The private placement is for up to 1,000,000 common shares of the Corporation at a price of $0.20 per common share for aggregate gross proceeds of up to $200,000 (the "Offering"). No warrants will be issued as part of this private placement.The proceeds will be used to fund business development objectives and for working capital purposes.All of the securities issued pursuant to the Offering are subject to a four (4) month hold period. Completion of the Offering is subject to the final approval of the TSX Venture Exchange.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 Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012. AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.Join us on social media! www.facebook.com/flyht www.twitter.com/flyhtcorp www.slideshare.net/flyhtcorp www.youtube.com/flyhtcorp www.flyht.com FOR FURTHER INFORMATION PLEASE CONTACT: Thomas R. French, CGAFLYHT Aerospace Solutions Ltd.VP Finance and CFO403email@example.comORInvestor RelationsThe Howard Group Inc.Dave BurwellSenior Associate(888) or (403)-221-0915Neither 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.