AvStar Aviation Group, Inc. Pursues Conventional "Non-Conversion Rights" Financing

HOUSTON, June 8, 2011 /PRNewswire/ -- AvStar Aviation Group, Inc. (AvStar) (OTCQB: AAVG) today announced that it is providing documentation to potential lenders for two types of conventional "non-conversion" capital. Preliminary information has been submitted to secure SBA financing for the expansion of the company's operational capacity and also a revolving line of credit that will be secured by credit card receipts. AvStar's wholly owned subsidiary, Twin Air Calypso Limited, Inc. will use the capital for day-to-day operational requirements and aircraft refurbishment.

"With our profitable first quarter and overall revenue increases of 2011, I feel we have the basis to approach conventional sources for working capital. We will be working diligently to secure funds that will allow us to build upon our recent successes without affecting our share structure," said Clayton Gamber, CEO of AvStar Aviation Group, Inc.

Forward-Looking Statements: Certain statements contained in this release issued by AvStar Aviation Group, Inc. (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Contact:
Clayton I. Gamber Jr.
President/CEO
Phone: 713-965-7582
http://www.avstarinc.com
cgamber(at)avstarinc(dot)com

SOURCE AvStar Aviation Group, Inc.

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