Avantair Inc OTCBBAAIR the only publicly tra

first_imgAvantair, Inc. (OTCBB:AAIR), the only publicly traded stand-alone private aircraft operator and the sole North American provider of fractional shares and flight hour time cards in the Piaggio Avanti aircraft, today announced two important milestone achievements for the company: the closing of a financing and the addition of four aircraft to its fleet.Avantair has closed the final tranche of a financing for total gross proceeds of $10.4 million. Avantair intends to use the net proceeds from this financing transaction to retire approximately $6.0 million of debt and for working capital and general corporate purposes. Early Bird Capital, Inc. acted as the exclusive placement agent in the offering.The Company’s improved capital structure enabled the addition of three new managed aircraft to the Avantair fleet. The Company is adding one additional managed aircraft prior to calendar year-end 2009.“We have demonstrated considerable financial growth in recent quarters and the closing of these transactions further augments our ability to execute on our growth strategy,” said Steven Santo, founder and Chief Executive Officer of Avantair. “The completion of the transaction enables us to further improve our capital structure and significantly improve cash flow. We have also entered into agreements to expand our fleet with the addition of four aircraft, three of which we have already received and the fourth which we expect to add before the end of the calendar year. The expansion of our fleet will enable us to keep pace with the strong demand for our flight programs. Each of the positive trends in our business that we have recently announced—including gains in revenues, flight hours, fleet size and headcount—show that we are taking a growing share of the private aircraft market, so the timing of this expansion couldn’t be better. At a time when our competitors are downsizing, Avantair continues to grow at a record pace.“With our infrastructure and balance sheet soundly in place, we believe we are well positioned to reach new levels of success this fiscal year as the number one value provider in private travel,” Mr. Santo concluded.Under the terms of the offering, Avantair sold approximately 8.8 million shares of Common Stock to investors at a price per share of $0.95. The sale was consummated among Avantair, the new investors and the investors in June and September 2009 financings. In conjunction with the transaction, the Company also exchanged 817,000 outstanding warrants that had been issued to investors in the two prior financings for 0.61 shares of Common Stock per warrant.www.avantair.comlast_img read more

These flower mites may avoid pesticides by hiding out in a roses

first_imgThe mites embed themselves in the tiny hairs on a flower’s sepals, the leaflike appendages located at its base. This placement may protect the mites from insecticides and sprays, the scientists suggest.For rose producers, breeders, and enthusiasts, these findings could help find ways to stop the mite from spreading. By Helen SantoroApr. 10, 2019 , 2:25 PM Sign up for our daily newsletter Get more great content like this delivered right to you! Country Click to view the privacy policy. Required fields are indicated by an asterisk (*) These flower mites may avoid pesticides by hiding out in a rose’s internal organs While stopping and smelling the roses, keep an eye out for signs of the tiny mites that may be living inside them. The rose bud mite (Phyllocoptes fructiphilus) is half as big as a grain of salt, and it spreads a virus that has been devastating roses across the United States since the 1940s. So far, this virus has been deemed incurable. Now, scientists may have figured out why these mites are so hard to find and control: They take up residence deep within the flower’s internal organs.Rose bud mites transfer the rose rosette virus while feeding on the flower. This virus then transforms the once-beautiful plant into one with excessive thorns, deformed flowers, and tight clusters of flower buds called rosettes. Since the mite was discovered in California, this disease has spread to 30 states.To gain a clearer picture of how these mites wreak such havoc, scientists studied the stems, leaves, and flowers of both diseased and healthy roses from 10 states and Washington, D.C. The team reports in the Journal of Environmental Horticulture that high-resolution images revealed that the mites hide deep within the flowers. Email Country * Afghanistan Aland Islands Albania Algeria Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d’Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hungary Iceland India Indonesia Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea, Democratic People’s Republic of Korea, Republic of Kuwait Kyrgyzstan Lao People’s Democratic Republic Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Norway Oman Pakistan Palestine Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Qatar Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe Electron and Confocal Microscopy Unit last_img read more