Airline Company Business Plan - Company Summary
COMPANY SUMMARY
Puddle Jumpers Airlines is being formed in July 1996 as a South State Corporation. Its offices will be in Atlanta, Georgia. The founder of Puddle Jumpers is Kenneth D. Smith. Mr. Smith has extensive experience in consumer aviation. His bio as well as the backgrounds of all the members of Puddle Jumpers's management team follow.
Company Ownership
Puddle Jumpers Airlines, Inc. will authorize 20,000,000 shares of common stock. One million shares are to be set aside as founder's stock to be divided among key management personnel. It is also expected that management stock options will be made available to key management personnel after operations commence. It is expected that founders stock plus option stock will not total more than 15% of authorized shares.
Initial "seed" capital is to be attracted via a convertible debenture sold by Private Placement. This round of funding will have premium conversion privileges vs. later rounds...
[The entire page is 697 words long]
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