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Carefree Group, Inc. Closes Acquisition of Aviation Flight Services, LLC

Carefree Group, Inc. management announced Thursday that it has closed the Company’s acquisition of Aviation Flight Services, LLC.

Based in Fort Lauderdale, Florida, AFS is described as an industry leader in aviation business services. AFS offers a premium charter service with a comprehensive range of personalized luxury services. Additionally, AFS provides aviation management and logistical systems including ground handling, administrative support, fuel servicing, weather and flight planning, and a full array of airport and in-flight services for passenger, cargo and business flights worldwide.

For the period ending December 31, 2006, AFS reported more than $9.5 million in gross revenue.

“The acquisition of Aviation Flight Services represents our further diversification throughout travel related industries. AFS complements Carefree’s aviation division perfectly and we are thrilled to announce its closing,” said Carefree Group, Inc. President Anthony Marotta.

Carefree Group’s interests include assets throughout the luxury travel, aviation, automotive, yachting, entertainment, and real estate industries.

FMI: www.carefreeelite.com, www.carefreelifestyle.com, www.carefreegroup.net, www.aviationfs.com

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