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CARLSBAD, Calif. - Premier Air Charter Holdings Inc. (OTC PINK:PREM) announced Tuesday the appointment of Vincent Monteparte as Chairman of the Board of Directors. The company, currently trading at $0.05 per share, faces financial challenges with an EBITDA of -$1.21 million in the last twelve months.
Monteparte brings experience from software technologies, commercial aviation, aerospace, transportation, and logistics sectors. His background includes executive positions in venture capital and investment banking, where he focused on early to mid-stage technology companies and mid-market transactions. According to InvestingPro data, the company operates with a moderate debt level and faces challenges with gross profit margins at 8%.
"I’m honored to join Premier Air Charter as Chairman of the Board," Monteparte said in a statement. "The company is uniquely positioned in a high-growth market." The appointment comes as the company reports annual revenue of $20.74 million, though InvestingPro analysis reveals 15+ additional insights about the company’s financial health and market position.
Ross Gourde, Premier Air President, noted that Monteparte has previously helped position mid-market organizations for growth, achieving enterprise valuations of up to $2 billion in the software technology sector.
Premier Air Charter Holdings, based in Carlsbad, California, provides aircraft charter services to an international clientele. The company specializes in aviation partnerships to deliver customized solutions for clients.
The announcement was made through a company press release statement. Premier Air Charter trades on the OTC Pink market under the ticker PREM.
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