Silver Scott Mines, Inc. Signs Letter of Intent to Acquire Certain Business Assets of Aviation Unlimited
Silver Scott Mines (OTC PINK:SILS) has signed a letter of intent to acquire certain aircraft assets and debt of Aviation Unlimited, a profitable aircraft acquisition and refurbishment company with 40+ years of operations. The acquisition will be structured as an all-stock transaction subject to Rule 144 regulations.
SILS will establish a new company called FlitePass to execute the acquisition, which will become their flagship business in the Fractional Ownership division. Aviation Unlimited's founder, Lawson Brown II, will serve as FlitePass CEO, while SILS maintains financial responsibility. The new venture will incorporate a fractional component for near-term cash flow generation and utilize NFTs as proof of fractional ownership.
Silver Scott Mines (OTC PINK:SILS) ha firmato una lettera di intenti per acquisire determinati asset aerei e debiti di Aviation Unlimited, una profittevole azienda di acquisto e ristoro di velivoli con oltre 40 anni di esperienza. L'acquisizione sarà strutturata come una transazione interamente azionaria soggetta alle normative della Regola 144.
SILS istituirà una nuova società chiamata FlitePass per portare a termine l'acquisizione, che diventerà il loro business principale nel settore della Proprietà Fractional. Il fondatore di Aviation Unlimited, Lawson Brown II, ricoprirà il ruolo di CEO di FlitePass, mentre SILS manterrà la responsabilità finanziaria. La nuova impresa includerà una componente frazionaria per la generazione di cash flow a breve termine e utilizzerà gli NFT come prova di proprietà frazionaria.
Silver Scott Mines (OTC PINK:SILS) ha firmado una carta de intención para adquirir ciertos activos aeronáuticos y deudas de Aviation Unlimited, una empresa rentable de adquisición y reacondicionamiento de aeronaves con más de 40 años de operaciones. La adquisición se estructurará como una transacción de acciones pura sujeta a las regulaciones de la Regla 144.
SILS establecerá una nueva compañía llamada FlitePass para ejecutar la adquisición, que se convertirá en su negocio insignia en la división de Propiedad Fraccionada. El fundador de Aviation Unlimited, Lawson Brown II, será el CEO de FlitePass, mientras que SILS mantendrá la responsabilidad financiera. La nueva empresa incorporará un componente fraccionado para la generación de flujo de efectivo a corto plazo y utilizará NFTs como prueba de propiedad fraccionada.
실버 스콧 마인스(OTC PINK:SILS)가 Aviation Unlimited의 특정 항공기 자산과 부채를 인수하기 위한 의향서에 서명했습니다. Aviation Unlimited는 40년 이상의 운영을 가진 수익성 있는 항공기 인수 및 리퍼페어 회사입니다. 인수는 144호 규정에 따라 주식 거래로 구조화될 것입니다.
SILS는 인수를 실행하기 위해 FlitePass라는 새 회사를 설립할 것이며, 이 회사는 분수 소유권 부문에서 그들의 주력 사업이 될 것입니다. Aviation Unlimited의 창립자인 Lawson Brown II가 FlitePass의 CEO로 일할 것이며, SILS는 재정적 책임을 유지합니다. 새로운 사업은 단기 현금 흐름 생성을 위한 분수 요소를 통합하고 NFT를 분수 소유권의 증명으로 활용할 것입니다.
Silver Scott Mines (OTC PINK:SILS) a signé une lettre d'intention pour acquérir certains actifs d'avion et des dettes de Aviation Unlimited, une entreprise rentable d'acquisition et de rénovation d'avions ayant plus de 40 ans d'expérience. L'acquisition sera structurée comme une transaction entièrement en actions, soumise aux règlements de la Règle 144.
SILS établira une nouvelle société appelée FlitePass pour exécuter l'acquisition, qui deviendra leur activité phare dans la division de Propriété Fractionnée. Le fondateur d'Aviation Unlimited, Lawson Brown II, sera le PDG de FlitePass, tandis que SILS conservera la responsabilité financière. La nouvelle entreprise intégrera un élément fractionné pour la génération de flux de trésorerie à court terme et utilisera des NFTs comme preuve de propriété fractionnée.
Silver Scott Mines (OTC PINK:SILS) hat ein Absichtsschreiben unterzeichnet, um bestimmte Flugzeugvermögen und Schulden von Aviation Unlimited zu erwerben, einem profitablen Unternehmen für den Erwerb und die Aufarbeitung von Flugzeugen mit über 40 Jahren Betriebserfahrung. Der Erwerb wird als eine schlüssige Transaktion in Aktien gemäß den Vorschriften der Regel 144 strukturiert.
SILS wird ein neues Unternehmen namens FlitePass gründen, um den Erwerb durchzuführen, das ihr Hauptgeschäft in der Fraktionalen Eigentumsdivision werden soll. Der Gründer von Aviation Unlimited, Lawson Brown II, wird als CEO von FlitePass fungieren, während SILS die finanzielle Verantwortung beibehält. Das neue Unternehmen wird ein fraktionales Element zur Generierung von Cashflow auf kurze Sicht integrieren und NFTs als Nachweis für fraktionales Eigentum verwenden.
- All-stock transaction structure preserves cash resources
- Acquisition of profitable 40-year-old aviation business
- Addition of near-term cash flow through fractional ownership model
- Integration of experienced industry veteran as subsidiary CEO
- Stock-based acquisition may lead to shareholder dilution
- Taking on debt from Aviation Unlimited could impact financial position
- Execution risk in implementing new fractional ownership model
Lawson Brown II of Aviation Unlimited Brings 40+ Years of Successful Operations to Silver Scott Mines, Inc.
FRANKLIN, NEW JERSEY / ACCESS Newswire / January 28, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS) ($SILS), a diversifying acquisition corporation, today announced that it has signed a letter of intent to acquire certain aircraft assets and debt of Aviation Unlimited, an aircraft acquisition and refurbishment company. Aviation Unlimited has been profitably operating for more than 40 years.
Logo for FLITE PASS
The acquisition will be structured as an all-stock transaction with shares being subject to Rule 144 regulations. Silver Scott Mines, Inc. will be setting up a new company in order to effect the acquisition and it will become a flagship business of the Company's Fractional Ownership division.
CEO of Silver Scott Mines, Inc. Stuart Fine stated, "Lawson Brown II brings a lifetime of aircraft knowledge to our new Company, FlitePass. Mr. Brown has lived and breathed aircraft. He started flying at age 19 and received his Private, Commercial, Instrument, multi-engine as well as Ground and Flight Instructor licenses by age 20. Before he was 21, he began teaching other people how to fly from Burbank Airport. While at Burbank Airport, his future came together when he sold his first plane. In May1982, at 23 years old he started Aviation Unlimited. At Aviation Unlimited he purchased, refurbished and sold Aircraft. He flew as a commercial pilot and began brokering chartered flights. He built a chartered air business and received government work for the testing of certain aircraft equipment. His love though has been to buy aircraft and refurbish them. With that in mind, Lawson and I are creating FlitePass.
FlitePass will have Lawson Brown serving as CEO, while Silver Scott Mines, Inc. will maintain financial responsibility. The new company will be adding the fractional component which will generate cashflow in the near term as well as utilizing NFTs as proof of fractional ownership.
Stuart Fine, CEO of Silver Scott Mines, Inc. Stated, "Acquiring these assets will accomplish many of the initial goals I had set when I accepted the position as President less than a year ago. I expressed to the board that we needed to find companies that were profitable or soon to be profitable that with our guidance and expertise could grow more rapidly. FlitePass fits our model."
Lawson Brown, Founder and CEO of Aviation Unlimited said, "I've been running this business for more than 20 years by myself. After speaking with Stuart, I realized how much more I could accomplish by having a more robust managerial structure. This transaction will allow me to focus on what I do best, which is finding and refurbishing aircraft for resale while my new partner handles all the management and financial affairs."
About Silver Scott Mines, Inc
Silver Scott Mines, Inc is a diversifying holding company. It currently holds crypto token, $NDAU, an interest in crypto Exchange Kraken, and just under
About Aviation Unlimited
Aviation Unlimited is entering its 43rd year of operations. The business has been profitably operating and buys, sells, refurbishes and brokers high quality aircraft. Lawson Brown is an expert in aircraft valuations and has been a pilot since the age of 19.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.
Contact Information
Stuart Fine
CEO
stuartfine@silverscottmines.com
908-356-9852
SOURCE: Silver Scott Mines Inc.
View the original press release on ACCESS Newswire
FAQ
What are the terms of Silver Scott Mines' acquisition of Aviation Unlimited assets?
How will FlitePass generate revenue under SILS ownership?
What role will Aviation Unlimited's founder play in SILS's new venture?
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