Taglich Brothers Initiates Coverage of Gulfstream International Group, Inc.
12 Février 2009 - 3:49PM
Marketwired
Taglich Brothers, Inc. announces it has initiated coverage of
Gulfstream International Group, Inc. (AMEX: GIA).
Gulfstream International Group, Inc. is a holding company that
operates two subsidiaries: Gulfstream International Airlines, Inc.
and Gulfstream Training Academy, Inc. Gulfstream International
Airlines is a commercial airline serving destinations throughout
Florida and the Bahamas, as well as several cities to Continental
Airlines' Cleveland, Ohio hub. The Academy provides flight training
services to licensed commercial pilots.
The complete 26-page report is available at
www.taglichbrothers.com.
Taglich Brothers, Inc. is a full-service broker dealer focused
exclusively on microcap companies. The Company defines the microcap
segment of the equity market as companies with less than $250
million in market capitalization. Taglich Brothers currently offers
institutional and retail brokerage services, investment banking and
comprehensive research coverage to the investment community.
We do not undertake to advise you as to changes in figures or
our views. This is not a solicitation of any order to buy or sell.
Taglich Brothers, Inc. is fully disclosed with its clearing firm,
Pershing, LLC, is not a market maker and does not sell to or buy
from customers on a principal basis. The above statement is the
opinion of Taglich Brothers, Inc. and is not a guarantee that the
target price for the stock will be met or that predicted business
results for the company will occur. There may be instances when
fundamental, technical and quantitative opinions contained in this
report are not in concert. We, our affiliates, any officer,
director or stockholder or any member of their families may from
time to time purchase or sell any of the above-mentioned or related
securities. Analysts and members of the Research Department are
prohibited from buying or selling securities issued by the
companies that Taglich Brothers, Inc. has a research relationship
with, except if ownership of such securities was prior to the start
of such relationship, then an Analyst or member of the Research
Department may sell such securities after obtaining expressed
written permission from the Director of Research. As of the date of
this report, Michael Taglich, President of Taglich Brothers, Inc.,
owns or has a controlling interest in 8,100 shares of GIA common
stock, 20,000 shares of restricted stock, and 15,400 warrants.
Robert Taglich, Managing Director of Taglich Brothers, Inc., owns
or has a controlling interest in 600 shares of GIA common stock,
140,000 shares of restricted stock, and 15,400 warrants. Richard
Oh, Director of Research and Managing Director of Taglich Brothers,
Inc., owns 500 shares of GIA common stock, 10,000 shares of
restricted stock, and 4,200 warrants. Doug Hailey, Director of
Investment Banking at Taglich Brothers, Inc. owns 10,000 shares of
GIA common stock, 68,700 shares of restricted stock, and 19,295
warrants. Luis Martins, Principal Equity Analyst at Taglich
Brothers, Inc., owns or has a controlling interest in 1,000 shares
of GIA common stock. Howard Halpern, Senior Equity Analyst at
Taglich Brothers, Inc., owns or has a controlling interest in 2,000
shares of GIA restricted stock. Other employees at Taglich
Brothers, Inc., also own or have a controlling interest in 2,750
shares of GIA common stock, 39,000 shares of restricted stock, and
9,705 warrants. Taglich Brothers, Inc. has an Investment Banking
relationship with the company mentioned in this report. Gulfstream
International Group was formed by Taglich Brothers Inc. and
Weatherly Group LLC exclusively for the purpose of effecting the
acquisition of Gulfstream International Airlines and Gulfstream
Training Academy. In December 2007, Gulfstream completed its
initial public offering (of which Taglich Brothers, Inc. was the
managing underwriter) and began trading on the American Stock
Exchange under the symbol GIA. In September 2008, Michael Taglich,
President of Taglich Brothers, Inc., Robert Taglich, Managing
Director of Taglich Brothers, Inc., and Doug Hailey, Director of
Investment Banking at Taglich Brothers, Inc. were partners of
Gulfstream Funding, LLC, which purchased a $1.0 million principal
amount junior subordinated debenture and a warrant to purchase
225,000 shares of GIA common stock from Gulfstream International
Group, Inc. Taglich Brothers, Inc. acted as placement agent for
Gulfstream Funding, LLC in the transaction. All research issued by
Taglich Brothers, Inc. is based on public information. Upon
issuance of the initial report, Gulfstream International Group,
Inc. will pay a monthly monetary fee of $2,000 (USD) to Taglich
Brothers, Inc. for the creation and dissemination of research
reports.
Contact: Richard Oh Taglich Brothers, Inc. 631-757-1500
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