BlackPoll Fleet International, Inc. (OTC: BPOL) shares plunged 8% following news that the company’s subsidiary, Jet Aviation Corp., has executed an exclusive consignment agreement with Jet Aviation Components and Aircraft International, Inc. (JACAI). JACAI granted Jet the exclusive consignment right to sell its inventory of aviation parts & equipment. Per the agreement, Jet will pay JACAI 50 percent of the proceeds of sales after expenses are paid from the sale of the inventory. Expenses are not to exceed $17,000 per month. “An Exclusive Consignment Agreement with a 32-year-old successful, experienced and well-respected re-seller and distributor of aviation parts with $14,000,000 of inventory is a tremendous opportunity for our company with very little downside. We fully expect to generate substantial revenues and positive cash flow marketing JACAI’s Inventory,” BlackPoll Fleet International president Dan Oran stated in the news release.
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About BlackPoll Fleet International, Inc.
Headquartered in Sunrise, Florida, BlackPoll Fleet is a Holding Company leveraging the strength and industry influence and experience of its management team to rapidly become a trusted provider of aviation parts, equipment and services to a growing global customer base of U.S. and foreign government agencies as well as multinational corporate enterprises. For more information, visit www.blackpollfleet.com.
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