Jacksonville Limo Fleet
In 2009 Dynasty has seen a steady increase in Wedding chartered Limousine service. Although the industry as a whole is down nearly 30% acccording to industry analysts, this drop has primarily occurred in the Corporate and Travel segments of the business. The Jacksonville Bridal show held in September had a large number of Brides in attendance, and Dynasty Limousine received our highest response ever from this event. The company took into consideration the current economic climate and created affordable packages that were well received. Brides still want a Limousine to be a part of their ceremony and although the total rental hours per client is less than in previous years, volume is up in this segment helping to balance out the decline in other areas.
Dynasty Limousine's third quarter 2009 revenues were at an overall 1.3% increase over the same period in 2008. The Q3 results bring the YTD increase to 6.8%, and the best performing three quarters in the Company's 11 year history. Advertising strategies have been modified and refocused on the high level of service and reliability that Dynasty is known for. "There are many operators who have decided to cut essential aspects of the experience to cut costs", stated Pierce Fleming (Vice President of Operations). "We are seeing these operators show up at events with substandard vehicles and drivers not in uniform. Over the past few months we have also had to assist several clients (who booked elsewhere for the cheapest price) whose Limos simply did not show or the company cancelled on them at the last minute." Dynasty Limousine maintains their fleet to the highest standards both cosmetically and mechanically, with a staff of the most professional chauffeurs in the industry. The Company was named a finalist for LCT Magazine's 2009 Limousine Operator of the Year Award and has not reduced the standards in place for excellent client experience. The company maintains an A+ accredited rating with the Better Business Bureau
In late November Dynasty Limousine expects to have it's securities listed for public trading on the OTC/Pink Sheets exchange. According to Hoovers and Dun and Bradstreet, Dynasty will be the first U.S. Limousine Company to go public. The company is in the final stages of the registration process, and has secured StockTrans as it's stock transfer agent and registrar. Dynasty has also retained the services of Tiber creek Corporation and Cassidy and Associates to assist with this process. After review from a market maker and other regulatory agencies, a stock symbol will be issued and securities will be available for public trading. For more information please visit our websites at www.DynastyJax.com and www.DynastyOrange Park.com. Interested parties may also obtain additional information on Dynasty Limousine via Dun and Bradstreet.
Total shares issued and outstanding at the time of this release is 4,636,425. The number of shareholders on record is 57.
ABOUT DYNASTY LIMOUSINE
Dynasty Limousine Inc. is a full service Limousine and Transportation company based in Jacksonville and Orange Park, Florida. Our fleet currently consists of 12 Limousines and Limo Coaches with service in Florida and Georgia, as well as affiliates Nationwide. We are members of the Better Business Bureau, National Limousine Association, and the Chamber of Commerce. Dynasty Limousine is family owned and operated and has been in business since 1998. Named a finalist for 2009 Limousine Operator of the Year.
ABOUT TIBER CREEK
Tiber Creek Corporation is privately owned by Cassidy & Associates, Attorneys at Law. It is based in Washington, D.C., and also has offices in Beverly Hills, CA. Tiber Creek maintains relations with underwriters, broker-dealers, market makers, merchant banks, and other financial institutions. Its resources and relationships within financial communities allow it to provide a full range of services.
