Dear Fellow Baltia Shareholder:
With my first full quarter as Chairman of the Board and President complete, I would like to provide you with an update on our progress and current status. As we transform our company with the ultimate priority of becoming a fully operational airline by the end of 2017, I can report that we believe the changes we have implemented thus far are positive for our company, and further that we will continue to work diligently toward our stated goal.
With regard to
In particular, recently, the
We have also been working diligently on re-branding our company and our updated service offering. This includes website development and creation of social media platforms, as well as additional marketing collateral for the business. We have forged new strategic relationships with senior management at
All of our company’s expenses and overhead have been assessed and a thorough overhaul of our financing and accounting functions has been instituted. I have implemented a strict code of fiscal discipline across the board, which includes re-negotiation of existing contracts with all vendors and business partners and elimination of unnecessary and or redundant services.
Finally, I look forward to sharing our detailed and comprehensive plan at our upcoming Special Shareholders Meeting to be held on or about
A lot has been accomplished and a lot remains to be completed; however what remains constant is that our team is dedicated, determined and disciplined to get the job done!
As always, thank you for your continued support.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain statements relating to future results or events, which are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Words such as “expects,” “intends,” “plans,” “may,” “could,” “should,” “anticipates,” “likely,” “believes” and words of similar import may identify forward-looking statements. These statements are not historical facts, but instead represent only our current management’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. It is possible that our actual results and financial condition (including the results of our business development, regulatory certification and accounting and other operational initiatives as described herein) may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further, information concerning our company and its business, including factors that potentially could materially affect our company’s business, prospects and financial and other results, are contained in our filings with the