The forgoing Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act.

These statements include the plans and objectives of management for future operations, including plans and objectives relating to Avatar Airlines’ future growth.  The forward-looking statements  are based on current expectations that involve numerous risks and uncertainties identified in Company’s private placement memorandum which is available for viewing and downloading on its website:  Assumptions relating to the foregoing involve judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond control of management.he Company will rely on Rule 506(c) of Regulation D promulgated under the Act, and exemptions available under applicable state securities laws. Persons desiring to invest in the Company’s shares of common stock will be required to make certain representations and warranties regarding their financial condition, and are required to be “accredited” as such term is defined by Reg D Rule 501(a) and any amendments thereto, made from time to time.