Wall Street Analyst Leonard Bogner Publishes Recommendation on Pet Airways

Bogner's report published on Corporate Profile's CPreports.com says the company is ready to fly "up, up and away."

Oct 13, 2010, 17:05 ET from Pet Airways

DELRAY BEACH, Fla., Oct. 13 /PRNewswire/ -- Pet Airways (American Antiquities Inc, dba Pet Airways, OTC Bulletin Board: AAQS), the first airline for pets only, today announced that noted Wall Street analyst and management consultant, Leonard Bogner, has published a report on Corporate Profile's CPreports.com that includes a "speculative buy" rating for Pet Airways stock and a 6-12 month price target of  $3.50-$4.00 per share.

According to Bogner's report, Pet Airways  "has a decided head start at serving a substantial, but heretofore untapped and well-established market, and is within a year's timeline of achieving well-above-average success." Leonard Bogner is President of Bogner Business Associates LLC and has 35 years of experience on Wall Street as an equities research analyst.

Dan Wiesel, CEO of the Pet Airways said, "We're thrilled that Bogner Business Associates has initiated coverage of the company, which builds on the significant media coverage we've enjoyed since launch."

Bogner's report says that the Company's "ability to hit its stride is not encumbered by the business "Three R's" rudiments:  regulatory (e.g., governmental approvals), restrictive (e.g., high barriers to entry), or fixed-capital resourced (e.g., building a vast infrastructure of plants, property and equipment that requires a large (and continuous) infusion of capital and a 36-month (or more) construction timetable—and perhaps a decade to achieve a positive rate of return). Consequently, the Company's results should be seen—and rewarded—in a relatively short period."

The full text of the report can be seen at here

About Bogner Business Associates

Bogner Business Associates LLC is a diversified management consultant/financial and public relations firm with unique specialization in the chemicals and allied products industries. Founded in 1994, the Company's activities address the broad range of corporate needs, including strategic planning and business development, mergers and acquisitions, and market evaluation and analysis. Financial and public relations services are aimed toward assisting emerging/micro and mini-cap enterprises.

About Pet Airways

Pet Airways (www.petairways.com) is a wholly owned subsidiary of American Antiquities, Inc.  Pet Airways 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 D.C., New York, Atlanta and Ft. Lauderdale.  

Forward Looking Statements

This press release includes statements that may constitute "forward-looking" statements.  These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third-party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

SOURCE Pet Airways