FLYHT Enters USD $1.3 Million Sales Contract with Existing Chinese Customer

Calgary, Alberta – January 26, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce it has entered a contract with an existing customer in the People’s Republic of China for the sale of the Automated Flight Information Reporting System (AFIRS™) for installation on Airbus A320 and Airbus A320NEO.

This contract for the sale of AFIRS 228 hardware is valued at approximately USD $1.3 million assuming FLYHT provides the hardware over the full term of the agreement. The operator is adding new Airbus A320 aircraft to its current fleet of CRJ-900 aircraft. The customer will install AFIRS as they take delivery of the new aircraft. This operator was highlighted in a previous press release, FLYHT Signs its First Chinese Customer for Data Services on August 15, 2016. FLYHT data services may be added to these new aircraft when they are placed into service, further increasing the value of the contract.

Installations are anticipated to begin in the middle of 2017; FLYHT currently owns required Supplemental Type Certificates (STC’s) to commence the installations on the A320 and will pursue updates for the A320NEO.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 60 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.4 million aggregate flight hours and 1.6 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Neither 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.

Cuban Travel Business Doubles In Size Over Last Year

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Jan. 23, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC“) is pleased to announce that its Cuba centric bespoke travel and concierge business, InCloud 9 (“iC9”), has almost doubled in size over last year with turnover increasing to an unaudited C$1.36 million for the year ended September 30, 2016, a significant increase from the unaudited C$0.72 million for the previous 2015 fiscal year for the Travelwelcome/IC9 Group.

Cuba is experiencing record tourism numbers and iC9 is now seeing not only its core customer base growing for bespoke tours to Cuba, it is seeing a dramatic increase in new business for group tours, conferences and private jet and yacht ground handling.

Tanja Buwalda, a highly experienced travel executive with many years of managing Cuban based travel companies has been employed as in-country Development Director to assist with handling the increased business coming in to iC9. iC9 has recently moved in to larger offices in the Havana Business Centre and is actively recruiting new staff to handle the influx of new business.  When asked about tourism in Cuba, Tanja said: ” Cuba is the largest country in the Caribbean, and has been a very popular destination, with tourism in 2016 estimated at approximately 4.5 million tourists, of which approximately 1.5 million were from Canada. This number is expected to grow as more international flights are planning travel routes to Havana and other cities of Cuba. There are significant historic sites and cultural events in addition to its great beaches.”

InCloud 9 (www.incloud9.com), in which LGC owns 40%, specializes in creating bespoke itineraries for unique vacations in Cuba, as well as providing all backup, support and fixing services for film and video production, and are provide Destination Management Solutions for tour operators looking to enable business in Cuba.

Through its representative office in Havana, iC9 provides the services of a specialist Cuban ground handler who works with other specialist travel companies around the world to assist with tailor-made trips to Cuba for their clients. This includes booking local hotels, transport, local tours and guides as well as other specialist activities such as art tours, deep sea fishing, fly fishing and scuba diving. In addition, iC9 is becoming more active in assisting with the organization of special events such as conferences and group activities around many of the big annual Cuban festivals such as the Cigar Festivals and Film Festivals.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “We see tourism as one of the key focus areas for the company going forward, not only for solid cash flow, but also for long term sustainable growth and a business that is contributing to the growth of Cuba. To double the size of the business over the past year has been exceptional and we are now looking forward to accelerating this growth over 2017. Particularly pleasing is all of the new business we are now seeing with the new private jet and yacht sectors and the growth we are seeing in bespoke conferences that iC9 is now being contracted to arrange.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Nespresso visits Cuba and Cuban coffee transaction proceeding on schedule

Not For Distribution to U.S. News Wire Services or Dissemination In The United States

MONTREAL, Jan. 17, 2017 /- LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that The Cuba Mountain Coffee Company Ltd (“CMC”) has now agreed the contract terms with the Cuban Government owned Asdrubel Lopez, the main processor of coffee in Guantanamo province, which is designed to improve the quality and quantity of coffee production in the region and give CMC the rights to market, sell and take a share of proceeds for the top grades of coffee produced from the 17 highest and best microregions. The project is scheduled to begin this year with the first coffee exported at the end of the year.

The Nespresso CEO, accompanied by some of his team, have now visited some of the micro-regions in Cuba to inspect the latest harvest and tour a number of coffee de-pulping plants in the mountains. CMC has formed a strong relationship with Nespresso, having signed a Memoradum of Understanding last year, and Nespresso are expected to buy a large proportion of the Cuban coffee resulting from this project – Nespresso will also, subject to final agreement, assist with advice where appropriate.

The project also includes Asdrubal Lopez setting up a coffee roasting plant in their Guantanamo facility which will produce a brand of roasted coffee for the domestic and regional market. Discussions are also underway with a prominent Cuban music company to distribute the coffee through its Cuban retail outlets, along with a coffee shop offer which it is hoped will develop into the first Cuban coffee shop chain.

CMC’s contract with the Government is now going through the approval processes with the Cuban agriculture and inward investment/export ministries.

CMC, in which LGC Capital has a 10% interest, will meet with The Government’s Minagri and Asdrubel Lopez in early February to finalise any revisions and commercial terms before the project goes for final approval with the interested ministries.

The proposed contract is a Contract of Administration, by which CMC will jointly administer the 17 highest and best micro-regions in Guantanamo province with Asdrubel Lopez, who operate most of the beneficios (de-pulping or wet-mills), dry-mills, agronomy and the main coffee sorting plants in Guantanamo province, Cuba’s main coffee growing region.

David Lenigas, LGC’s Co-Chairman & CEO, commented; “This is an exciting development for LGC Capital and its investment in The Cuban Mountain Coffee Company. Cuba is world famous for its high-grown arabica coffees – their ripening is slowed by Caribbean breezes allowing complex flavours to develop. Once a big export crop, the CMC project aims to help restore the export markets and reputation of Cuba’s fine coffees.”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

Canada Contact:
Rafi Hazan, Secretary and Director
Tel.: (514) 839-7234

London Office Contact:
David Lenigas, Co-Chairman and Chief Executive Officer
Mazen Hadad, Co-Chairman
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Electra Meccanica Gears Up to Open SOLO Intro Stores and Dealerships Around the World, Appoints Mark West as President

VANCOUVER, BC–(January 09, 2017) – Electra Meccanica Vehicles Corp., (“EMV” or ‘the Company”), a Canadian-based designer and manufacturer of the SOLO, an all-electric single passenger vehicle developed to revolutionize the way people commute, announces the appointment of Mr. Mark West as President of the Company. In this capacity, Mr. West will focus on developing the strategic direction of EMV’s dealership and sales operations, with a vision to expand SOLO Intro Stores and Dealerships worldwide.

Mr. West made his mark in the highly competitive food and beverage industry over the past 25 years culminating as President of Blenz Coffee. He oversaw the growth of the coffee chain from ten stores in British Columbia to over 70 stores in Canada and Asia, and successfully built the Blenz brand in BC, Alberta, Japan and the Philippines by developing a highly successful franchise program.

“Mark brings a wealth of experience in strategic planning, franchise development, sales, marketing and operations”, remarked Jerry Kroll, Founder and CEO of Electra Meccanica. “Based on his collaborative leadership style and extensive knowledge of franchise models, Mark will contribute to our Company’s success by developing our brand and establishing Electra Meccanica dealerships around the world”.

Mr. West said, “As an automotive enthusiast, I am excited to join the team at EMV. I am passionate about the environment and I see the SOLO as a welcomed entrant to the electric vehicle space. We have a unique and innovative commuter vehicle at a price point that will have mass appeal. With upcoming SOLO production and deliveries, I invite all interested parties to explore a SOLO dealership in this rapidly expanding business.”

More information on the SOLO and how to become an Electra Meccanica car dealer can be found at http://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

About Electra Meccanica

Electra Meccanica strives to be the driving force behind sustainable transport by creating the compelling mass market, all-electric SOLO. The vehicle will make the urban commute more efficient, cost-effective and environmentally friendly. The SOLO’s futuristic design is powered by a 16.1 kWhs lithium ion battery and the drive system is tuned for higher speed and mobility. With a range of 160kms (100 miles), and a top speed of 130kms/h (80 mph), the SOLO delivers superior performance and spirited driving.

CONTACT INFORMATION

Jeff Holland
Head of Media Relations
Electra Meccanica Vehicle Corp.
Tel. 562-640-1758
Email: JeffHolland@electrameccanica.com

Alexia Helgason
Director, Investor Relations
Tel. 604-728-4407
Email: alexia@electrameccanica.com

Electra Meccanica Vehicles Corp.
102 East First Avenue
Vancouver, BC Canada V5T 1A4

Safe Harbor Disclosure
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of activities, variations in the underlying assumptions associated with the estimation of activities, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

Bob McWhirter Talks FLYHT On BNN

Strength In Share Price Comes From Optimism Around Chinese Opportunity

On Friday (January 6) afternoon, long time FLYHT follower and proponent Bob McWhirter, Portfolio Manager at Selective Asset Management fielded a caller’s question while appearing on Canada’s Business News Network (BNN). The caller was enthusiastic with his question, stating, “I’ve been sitting on it for six months and it’s finally starting to pop.”

Mr. McWhirter provided a quick overview of the technology and its functionality. In regards to the recent strength in the stock price, he sights optimism around FLYHT’s opportunity in China and how Chinese airlines are embracing the company’s technology.

To view the clip from BNN, please click here.

FLYHT Provides Fourth Quarter Update

Calgary, Alberta – January 4, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce the following updates to sales activity in the fourth quarter of 2016:

  • Received orders from an existing OEM partner (see release on July 15, 2014) for approximately USD $1.8 million of parts with related license fees.
  • Signed two new airline customers in The People’s Republic of China (China) for Automated Flight Information Reporting System (AFIRS™) 228 hardware equipment and added units with an existing customer in the region. These contracts will total approximately USD $709,000 assuming FLYHT provides services over the full term of the five (5) year agreements. The new contracts bring the number of FLYHT customers in China to 20.
  • Two existing customers added AFIRS 228 units with voice and data services; one airline operates in North America and the other in Africa. The contract revenue will be approximately USD $811,000 assuming FLYHT provides services over the full term of the five (5) year agreements.

Additionally, the Company’s outstanding redeemable debentures matured and were repaid in full for $3.1 million on December 23, 2016.

FLYHT was awarded an additional Supplemental Type Certificate (STC) by the General Administration of Civil Aviation of China (CAAC).  This allows further installation of the AFIRS solution on the CRJ 100, 200, 440, 700 and 900 aircraft.

“FLYHT has had a successful 2016 and we are excited about what 2017 may bring,” remarked FLYHT’s CEO Tom Schmutz. “Some of the highlights from the past year include the $2.5 million USD IP license fee receipt, the acquisition of a $2.35 million interest-free government loan, the signing of eight new airlines in China and significant strengthening of our balance sheet with the repayment of $5.6 million in matured debentures.”

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 60 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.4 million aggregate flight hours and 1.6 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.com

Neither 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.

Technical Analyst Keith Richards Discusses FLYHT On BNN – Is FLYHT Primed For A Break Out?

Over the holidays (December 30, 2016), Keith Richards, technical analyst and portfolio manager at ValueTrend Wealth Management of Worldsource Securities, discussed FLYHT on Business News Network’s (BNN’s) Market Call Tonight. He fielded a question on FLYHT Aerospace and here’s the key takeaway.

“FLYHT Aerospace was in a downtrend and has most definitely begun quite a nice little base there. So what you’re looking for with this stock is you want to see a breakout past the base. It’s very difficult to gain on these charts, it’s a little hard to see. It looks to me to be in the mid-to high 20’s; if the stock broke out to that area, then you probably have some significant upside ahead of you. Right now it is in the base and that is a healthy development, a base is a good thing.”

To view the clip on BNN click here.