Latest on Kiwi from PRNewswire:
Viking Offers Update on Kiwi International Airlines Purchase
TRENTON, N.J., Dec. 22 /PRNewswire/ -- Viking Resources International, Inc. (OTC Bulletin Board: VIKG): Thomas E. Patterson, Chairman and CEO of
Viking Resources International, Inc. announced today that the Company was unable to complete the purchase of Kiwi International Airlines due to an
extremely large IRS tax lien that could not be resolved.
Mr. Patterson stated, "It is important to understand that Executive JetPort of New Jersey, Inc. (EJP) had no intentions of assuming debt with the Kiwi purchase. Our goal was to gain an operating certificate, not an IRS lien of over $12 Million. This exposure would only ensure a yearly IRS audit. However, EJP continues to move forward on securing our own certificate, and I will issue an update on the status and time frame."
Additionally, the Company wishes to express its appreciation toward the patience, displayed by its shareholders, regarding the much anticipated proxy
statement and latest Quarterly Report. Management expects both of these to be available shortly.
Viking Resources International, Inc. is a diversified holding company with a primary focus of expansion through acquisitions and development within the
FOR FURTHER INFORMATION CONTACT:
Addam Chandler - Investor Relations @ (877) 786-7885
Robert Solarchik - Media Relations @ (516) 596-6241
Except for historical information presented, the matters discussed in this release are forward looking statements and are subject to risk and uncertainties that could cause actual results to differ materially.
SOURCE Viking Resources International, Inc.