The Automotive Resource Network Holdings, Inc. (ARNH) Announces that it has acquired Covenant Flight Group, a National Aviation Management and Flight Services Company and its fleet of aircrafts; the value exceeding $1,500,000.

NEW YORK, March 25, 2013 /PRNewswire/ -- (OTCPink: ARNH) The Automotive Resource Network Holdings Inc.'s CEO, Kathleen Roberton, is pleased to announce that ARNH has acquired Covenant Flight Group, a National Aviation Management and Flight Services Company. This includes a fleet of aircrafts servicing clients in the Professional Sports, Academic, Medical and Automotive Manufacturing Industries. ARNH will service exiting liens on the aircraft fleet, with a commitment to pay it out, using convertible preferred stock and cash. This will free up about $27,000 per month that CFG is currently using to service liens on the fleet. Once these liens are paid in full, Mr. Kreb will immediately deploy upgrades to the aircraft fleet permitting expansion of services and increase annual gross income. Currently without expansion the Covenant Flight Group does in excess of $600K gross annual income and the fleet is valued in excess of $900,000. CFG is a sole proprietorship owned by Robert D Kreb Jr.  Mr. Kreb brings to ARNH more than 23 years of Aviation experience, an Airline Transport Pilot Certificate and an expansive list of aircraft experience and operational knowledge. He will immediately join the Advisory Board of ARNH, and as a substantial shareholder lead ARNH in the area of expanding market share and future fleet expansion and acquisitions. The entire acquisition was an all-stock transaction, for Convertible Preferred G Series shares. The details of the transaction, including the agreement, will be revealed in the company's amended disclosure documents.

CEO Kathleen Roberton states, "Part of our Three Step Plan is to increase the overall net stock holders' equity in ARNH, as we removed debt. Acquiring the assets of the DBA, Covenant Flight Group, and gaining Mr. Kreb as an Advisor on the Board as well as the expertise he brings to us in all aspects of aviation, is a win win for all parties! At present, the planes have a net equity/debt ratio of 75/25%. The debt is currently being serviced by management revenue."  Mr. Kreb states, "This strategic relationship will permit much needed expansion to quickly capture the rapidly growing demand for tailored aviation solutions without concern for limitations inherent in traditional aircraft lending sources.  Additionally, the strength and financial support through this acquisition will put CFG on solid and expedited footing to achieving the highest ratings awarded by aviation safety audit firms Wyvern, ARG/US, IS-BAO and Air Charter Safety Foundation.   Attaining these highly coveted accolades enhances CFG's desire to join just a handful of National Operators recognized for this rare and exclusive achievement. Such exclusivity is a key component for expanding our service to the USO, Wounded Warriors and Veteran's Airlift Command Associations by inclusion of the Department of Defense, Department of State and various other Government Agencies reliant on these independent auditing agencies' endorsement for screening of vendors and contractors.  This unique and equitable solution for ease of acquisition of aviation assets greatly broadens our horizons for quick and tactical expansion, to increase our current revenue substantially.  CFG is now leveraged to use highly valuable derivatives known as our preferred convertible "G" shares as a form of currency in such expansion of our fleet for and through ARNH. To say the least, I am very excited!"

Kathleen Roberton further states, "We are committed to filing audited financial statements so that we can show the audited value of the company as we bring in more value. Our professional advisors have been in contact with two PCAOB auditing firms, one of which will be engaged as soon as we finish several more acquisitions currently in negotiation. The evaluation of the Covenant Flight Group, a National Aviation Management and Flight Services Company and its fleet of aircrafts will be available for public disclosure, once we amend our disclosure documents to account for this completed transaction. Now, we simply need to audit all of our transactions and file a registration statement with the SEC."

About The Automotive Resource Network Holdings Inc.:

The Automotive Resource Network Holdings, Inc. currently offers a month to month vehicle service contract to cover mechanical breakdown of cars through its DRTV Partner, Pro Guard Global, LLC in Woodland Hills, California. We are now in negotiations with a large marketing partner to market and sell our Identity Theft Gift Cards and we are very excited about our role in servicing clients in the Professional Sports, Academic, Medical and Automotive Manufacturing Industries with our new partner, Robert D Kreb, Jr./ Covenant Flight Group.

FORWARD-LOOKING STATEMENT

ARNH cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.

Contact:
Kathleen Roberton
(212)-634-7470

SOURCE The Automotive Resource Network Holdings, Inc.