Kobe Ginobili
12 years ago
25k 3mo. avg vol.
Contact Info
3103 9th Avenue Drive
Hickory, NC 28601
Website: http://www.riverhawkaviation.com
Update Company Info
Business Description
Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Deregistered a/o Aug 06, 2009
Audited Financials Not Available
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001088734
Fiscal Year End 12/31
OTC Market Tier OTC Pink No Information
Profile Data
SIC - Industry Classification 4512 - Air transportation, scheduled
Incorporated In: NV, USA
Year of Inc. Not Available
Employees Not Available
Company Officers
Calvin Humphrey President, CEO
Company Directors
Not Available
Company Notes
Formerly=Viva International, Inc. until 2-07
Formerly=Auxer Group, Inc. (The) until 6-03
Note=10-97 State of incorporation Idaho changed to Delaware
Formerly=Auxer Industries, Inc (THE) until 10-97
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Not Available
Investor Relations Firm
Not Available
RHWI Security Details
Share Structure
Market Value1 $5,006 a/o Sep 20, 2012
Shares Outstanding 3,337,514 a/o Aug 08, 2008
Float Not Available
Authorized Shares Not Available
Par Value 0.001
Shareholders
Shareholders of Record 4,664 a/o Apr 16, 2008
Corporate Actions
Ex. Date Record Date Pay Date
Dividend () Jan 09, 2003 Apr 18, 2005
Security Notes
Capital Change=shs decreased by 1 for 800 split. Effective date=6-24-03
Capital Change=shs decreased by 1 for 40 split. Pay date=2-27-07
Capital Change=shs decreased by 1 for 30 split. Pay date=10/16/2007.
Short Selling Data
Short Interest 0 (-100%)
Jan 15, 2009
Significant Failures to Deliver No
Transfer Agent(s)
Interstate Transfer Co.
roger wilco
16 years ago
River Hawk Aviation Acquires Carolina Air Charter, Inc.
Wednesday March 19, 8:30 am ET
HICKORY, NC--(MARKET WIRE)--Mar 19, 2008 -- River Hawk Aviation, Inc. (Other OTC:RHWI.PK - News) ("River Hawk" or the "Company") announced this morning that it has completed an agreement to acquire Carolina Air Charter, Inc. of Charlotte, NC.
Carolina Air Charter was established in 1989 to provide quality direct air charter services to meet the special demands of corporate travel. In 2008, Carolina Air Charter is expected to produce in excess of $2,000,000 in revenues from its charter bookings. Carolina Air Charter has an impeccable safety record earned through more than 21,000 hours of charter flight operation serving the needs of approximately 25,000 passengers traveling nearly 3 million miles.
Donnie Daugherty, President of Carolina Air Charter since 2001, commenting on the acquisition by River Hawk Aviation, Inc. said, "While it has been a pleasure to serve the aviation community for the last several years, I am looking forward to spending more time with my family. I am confident that River Hawk will continue to maintain the excellent levels of service that Carolina Air Charters has been providing to its customers. Additionally, I also feel that River Hawk is well positioned to be able to expand the scope of operations for Carolina Air and meet the ever growing demands of the marketplace."
Calvin Humphrey, River Hawk's CEO, commented, "I am pleased to be adding Carolina Air Charter to our Company holdings and view this acquisition as adding a profit center that will immediately add additional flight demand and capacity utilization as well as assist us in our quest for optimization of aviation service revenues. The Company expects that the addition of Carolina Air Charters will provide approximately $2 million in annual expected gross revenues and should result in overall annual holding Company revenues in excess of $15 million. Management believes that River Hawk is properly positioned to enjoy revenue growth in 2008 and beyond."
About River Hawk Aviation, Inc.
River Hawk Aviation, Inc., is a holding company concentrating on the acquisition and development of aviation niche companies. Presently, the Company's operating subsidiary base is comprised of Profile Aviation Center, Inc., Profile Aviation Services, Inc. of Hickory, North Carolina and River Hawk Aviation, Inc. (a private entity) of San Antonio, Texas.
The combined synergies associated with the Company's current holdings will provide revenues from charter aircraft operations, aviation management services to private aircraft owners, certified aircraft maintenance services, fueling and other fixed base operation services as well as aviation parts and components sales within the aviation industry. The Company and its subsidiaries are also able to offer consulting services, marketing and appraisals to the aviation community. At present, the Company maintains offices and a fixed base operation including aviation hangars in Hickory, North Carolina, offices and inventory warehousing in San Antonio, Texas, and executive offices in Michigan.
The Company's plan for future growth and development will focus on the acquisition of aviation-related operating businesses and airlines that display the potential for restructuring into profitable and sustainable aviation-related growth concerns.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4 complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control. Further information on potential factors that could affect River Hawk Aviation, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
Contact:
Contact Information:
River Hawk Aviation, Inc.
Media & Investor Relations
Joseph J. Malone
786-375-0556
or
Robert J. Scott
(231) 946-4343
Information@EquityDigest.com
http://www.EquityDigest.com
roger wilco
16 years ago
Form 8-K for RIVER HAWK AVIATION INC
http://biz.yahoo.com/e/080324/rhwi.pk8-k.html
24-Mar-2008
Entry into a Material Definitive Agreement, Completion of Acquisition or
Item 1.01 Entry into a Material Definitive Agreement
On March 18, 2008, River Hawk Aviation, Inc., a Nevada corporation ("River Hawk" or the "Company"), entered into a Stock Purchase Agreement (the "Acquisition Agreement") for the purchase of one hundred percent (100%) of the issued and outstanding common stock of Carolina Air Charter, Inc., a North Carolina corporation ("Carolina Air"). Under the Acquisition Agreement, River Hawk agreed to purchase the 100% of the issued and outstanding capital stock, securities convertible into capital stock and all capital stock equivalents (the "Carolina Common Stock") for a total of Four hundred twenty-five thousand and 00/100 Dollars ($425,000.00) (the "Purchase Price") payable in two payments, as follows: (i)Three hundred fifty-thousand Dollars ($350,000.00) upon the closing of the Acquisition Agreement, and (ii) the balance of Seventy-five thousand Dollars ($75,000) upon River Hawk's receipt of the City of Concord's and Concord Regional Airport's consent to the Acquisition Agreement.
The parties set the closing date of the Acquisition Agreement as March 18, 2008 (the "Closing"), the same day as the parties' entry into the Acquisition Agreement, and completed the Closing on that date.
The Agreement also requires the President of Carolina Air, Donnie Daugherty, and the Office Manager, Sheila Neal, to remain in their positions at Carolina Air for not less than 30 days to assist with the transition in ownership. Ms. Daugherty and Ms. Neal cumulatively held 100% of the Carolina Common Stock prior to the Closing of the Acquisition Agreement.
Item 2.01 Completion of Acquisition or Disposition of Assets
Based upon the Closing of the Acquisition Agreement, on March 18, 2008, River Hawk acquired Carolina Air Charter, Inc. River Hawk paid $350,000 for 100% of the issued and the Carolina Common Stock, making Carolina Air a wholly owned subsidiary of River Hawk. River Hawk will pay the balance of $75,000 upon receiving the City of Concord's and Concord Regional Airport's consent for the transfer of ownership, which the parties expect to occur within 30 days of the Closing.
Established in 1989 and based in Concord, North Carolina, Carolina Air provides direct air charter to private and corporate clients. In addition to access to Carolina Air's clients, this Acquisition Agreement provides River Hawk with a 135 certificate, allowing it to add and offer charter services.
Item 8.01 Other Events
On March 19, 2008, the Company issued a press release announcing the Closing of the Acquisition Agreement, attached hereto as Exhibit 99.9.
Item 9.01 Financial Statements and Exhibits
(a) Financial statements. Not required under the terms of Rule 8-04(b) of Regulation S-X.
(b) Pro forma financial information. Not required under the terms of Rule 8-04(b) of Regulation S-X .
(c) Shell company transactions. Not applicable.
(d) Exhibits.
EXHIBIT NUMBER DESCRIPTION LOCATION
10.14 Stock Purchase Agreement dated March 18, 2008 Filed Herewith
99.99 Press Release date March 19, 2008 Filed Herewith
roger wilco
16 years ago
River Hawk Aviation Issues Letter of Intent to Acquire Caribbean Fixed Base Operation
Tuesday January 15, 11:00 am ET
RiverHawk Aviation Jan 15, 2008 News
TRAVERSE CITY, MI--(MARKET WIRE)--Jan 15, 2008 -- River Hawk Aviation, Inc. (Other OTC:RHWI.PK - News) ("River Hawk" or the "Company") announced that it has issued a letter of intent to acquire Riverhawk West Indies ("RHW") doing business as Caribbean Flight Center ("Caribbean Flight Center or Caribbean") from its location at St. Croix, US Virgin Islands. The acquisition transaction provides for a $500,000 down payment and $2 million of Company Preferred Series B stock to be exchanged for all of the equity and voting interest in RHW.
The Company Preferred Series B shares to be exchanged will contain an annual cumulative coupon rate of 8% and call features that enable the holders to either convert their shares to common shares or to elect to tender them to Aerologistics Investment Partners, LLC (a related party) for $1 per share.
In 2007, Caribbean Flight Center is estimated to have generated in excess of $6 million in revenues. Caribbean's revenues were primarily generated from aviation fuel sales.
Calvin Humphrey, River Hawk's CEO, commented, "We believe that Caribbean Flight Center is an attractive acquisition candidate and has the right mix of existing profitability and upside potential that we seek in our acquisitions. We plan to push for a quick closing of this transaction and soon thereafter begin construction or renovation of the office and lobby area of the fixed base operation. We also intend to deploy aviation equipment and aircraft management services in St. Croix as well as develop an aviation maintenance facility and increase the utilization of existing hangar space. In our opinion, the opportunities for growth in the service sector of Caribbean Flight Center are quite substantial and we look forward to completing this acquisition and adding Caribbean to our holdings."
About River Hawk Aviation, Inc.
River Hawk Aviation, Inc., is a holding company concentrating on the acquisition and development of aviation niche companies. Presently, the Company's operating subsidiary base is comprised of Profile Aviation Center, Inc., Profile Aviation Services, Inc. of Hickory, North Carolina and River Hawk Aviation, Inc. (a private entity) of San Antonio, Texas.
The combined synergies associated with the Company's current holdings will provide revenues from charter aircraft operations, aviation management services to private aircraft owners, certified aircraft maintenance services, fueling and other fixed base operation services as well as aviation parts and components sales within the aviation industry. The Company and its subsidiaries are also able to offer consulting services, marketing and appraisals to the aviation community. At present, the Company maintains offices and a fixed base operation including aviation hangars in Hickory, North Carolina, offices and inventory warehousing in San Antonio, Texas, and executive offices in Michigan.
The Company's plan for future growth and development will focus on the acquisition of aviation-related operating businesses and airlines that display the potential for restructuring into profitable and sustainable aviation-related growth concerns.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4 complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control. Further information on potential factors that could affect River Hawk Aviation, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
Contact:
Contact Information:
For River Hawk Aviation, Inc.
Media & Investor Relations:
Joseph J. Malone
786-375-0556
Information@EquityDigest.com
http://www.EquityDigest.com
Robert J. Scott
(231) 946-4343
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