Pet Airways to Trade as PAWS on OTC BB

First airline for "pets only" announces official name and symbol change.

Oct 26, 2010, 08:48 ET from Pet Airways

DELRAY BEACH, Fla., Oct. 26 /PRNewswire/ -- The shareholders of Pet Airways, Inc. (OTC Bulletin Board: PAWS), the first airline specifically designed for the comfortable, efficient transportation of pets, approved changing the Company's name from American Antiquities Incorporated to Pet Airways, Inc. Effective at the open of business on October 26, 2010, the Company's ticker symbol will change to PAWS and its common stock will continue to trade on the over-the-counter bulletin board.

Dan Wiesel, CEO of the Company, said, "We are absolutely delighted with our new name and trading symbol.  We believe that the name Pet Airways, Inc. more accurately describes our core business in pet transportation and other pet travel services and is nicely supplemented by our trading symbol, PAWS, which captures our marketing strategy and underscores our ground-breaking position in the field of pet transportation.  We believe that we have a head start in serving the substantial, but largely untapped, market of pet transportation, and our new name and trading symbol will further increase our position in this market."  Pet Airways was recently the subject of a report by noted Wall Street Analyst Leonard Bogner.

About Pet Airways

Pet Airways, Inc. (http://www.petairways.com) is the first airline specifically designed for the comfortable, efficient transportation of pets. Pet Airways' "pawsengers" travel in the specially equipped main cabin of its planes - well-lit, climate-controlled and pressurized - with a trained pet attendant on duty at all times. With Pet Airways, pet parents can be assured their animals will be treated with tender, loving care throughout the journey.  The airline launched flight operations in 2009, and provides coast-to-coast service from Los Angeles, Phoenix, Denver, Omaha, Chicago, Baltimore/Washington DC, New York, Atlanta and Ft. Lauderdale.  

FORWARD-LOOKING STATEMENTS

This press release includes statements that may constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.    All statements other than statements of historical facts included herein, including without limitation, statements regarding future financial position, business strategy, budgets, projected sales, projected costs and plans, and objectives of management for future operations, are forward-looking statements.  In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation there on or similar terminology or expressions. These forward-looking statements are subject to  risks and uncertainties that could cause actual results to differ materially from the results proposed in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct.  Important factors that could cause actual results to differ materially from our expectations include, but are not limited to: the costs and availability of financing; our ability to maintain adequate liquidity; our ability to execute our operational plans; our ability to control our costs; our ability to attract and retain customers; demand for transportation in the markets in which we operate; an outbreak of a disease that affects travel demand or travel behavior; demand for travel and the impact that global economic conditions have on customer travel patterns; general economic conditions (including interest rates, investment or credit market conditions, crude oil prices, costs of aviation fuel and energy refining capacity in relevant markets); competitive pressures on pricing and on demand; governmental legislation, regulation and other actions; weather conditions; and statements of assumption underlying any of the foregoing, as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended October 31, 2009 filed with the Securities and Exchange Commission and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. We assume no duty to update or revise our forward-looking statements based on changes in internal estimates, expectations, or otherwise or to reflect events or circumstances after the date hereof.

SOURCE Pet Airways



RELATED LINKS

http://www.petairways.com