CALGARY, Alberta, May 15, 2018 (GLOBE NEWSWIRE) -- FLYHT Aerospace Solutions Ltd. (TSX-V:FLY) (OTCQX:FLYLF) (the “Company” or “FLYHT”) today announced it has retained Adelaide Capital Markets Inc. (“Adelaide Capital Markets”) to provide investor relations services effective May 15, 2018.

Adelaide Capital Markets is based in Toronto, ON and has been engaged to assist with, among other matters, the following: (i) expand the following and involvement of the investment community; (ii) write corporate materials; (iii) co-ordinate the distribution of corporate materials; (iv) prepare and distribute news releases; (v) co-ordinate investor roadshows; and (vi) co-ordinate shareholder meetings.

Adelaide Capital Markets, under the leadership of Deborah Honig and Jackie Kelly, specializes in institutional, retail and high net worth clients. They work with small-cap growth companies in mining, healthcare, technology and oil and gas. Services offered include key message development, establishing sell side analyst coverage, investor days, national and international roadshows and conference opportunities along with communications support and crisis management.

Under the terms of the Agreement, Adelaide Capital Markets will receive $6,000 CAD per month from FLYHT. The Agreement also provides for, subject to the approval of the TSX Venture Exchange, the issuance of 30,000 common share stock options of FLYHT to Adelaide Capital Markets on or before June 1, 2018 at an exercise price per share equal to the Company’s market price of the shares on the date of issuance and subject to the pricing rules of the TSX Venture Exchange in relation to options. The options will be subject to the vesting of 7,500 per quarter over the calendar year and shall be exercisable until May 15, 2021.  The Agreement is for an initial term of 12 months and can be cancelled with 30 days’ notice in writing and all stock options that have not yet been issued or vested upon termination of the Agreement would immediately terminate. The stock options are subject to a four month hold period.  Adelaide Capital does not own any shares in the Company.

The Agreement and the issuance of stock options are subject to TSX Venture Exchange approval.

About FLYHT Aerospace Solutions Ltd.

FLYHT’s mission is to improve aviation safety, efficiency and profitability (located in Calgary, Canada; publicly traded as: FLY:TSX.V; FLYLF:OTCQX). Airlines, leasing companies, fractional owners and original equipment manufacturers have installed the Automated Flight Information Reporting System (AFIRS^TM) on their aircraft to capture, process and stream aircraft data with real-time alerts. AFIRS sends this information through satellite networks to the UpTime^TM cloud-based data center, which provides aircraft operators with direct insight into the operational status and health of their aircraft and enables them to take corrective action to maintain the highest standard of operational control.

Contact Information
FLYHT Aerospace Solutions Ltd.
Alana Forbes
Chief Financial Officer
403-291-7437
[email protected]

Adelaide Capital Markets Inc.
Deborah Honig
647-203-8793
[email protected]

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.