GF Haymore's Canadian Affiliate Majestic Aviation Services Appoints Mr. Pierre Roy to the Office of President

Monday, January 24, 2000 06:47 PM

LAS VEGAS, Jan. 24 /PRNewswire/ -- GF Haymore, Inc. (OTC: GFHA, news) is pleased to announce that the Board of Directors of its Canadian affiliate Majestic Aviation Services Inc., has appointed Mr. Pierre Roy to the office of President.
Mr. Roy brings over forty years of aviation experience to this position. In 1955 Mr. Roy started his career in aviation with Central Northern Airways as a Traffic Agent and then in 1957 moved to Trans Air to take on the position of Station Manager of Customer Service. While at Trans Air, Mr. Roy also held the position of Superintendent, Ground Operations and Passenger Services and then became Director, Marketing Services. In 1978, Trans Air merged with Pacific Western Airlines and Mr. Roy became Director, Schedule Planning, Pricing and Tariffs. He was appointed Director, Regulatory Affairs of Pacific Western Airlines in 1982. After Pacific Western Airlines purchased Canadian Pacific Airlines, forming Canadian Airlines International Inc., and Group of Companies, Mr. Roy continued to act in the capacity of Director Regulatory Affairs until his retirement in 1996. Since his retirement Mr. Roy has been a highly sought after industry consultant.
Concurrent with the appointment of Mr. Roy, the Board of Directors of Majestic is also pleased to announce that interim president R. Alexander Boyd has been appointed to the position of Vice President Corporate and Business Planning.
Majestic Aviation Services Inc. is a supplier of Boeing 747 freighter aircraft to established major international airlines on long-term ACMI leases. The ACMI lease consists of supplying an aircraft inclusive of crews, maintenance and insurance.
Mr. Rodney B. Burns, President of GF Haymore, Inc., is excited about the recent appointment of Mr. Roy as President of Majestic Aviation Services Inc. Mr. Burns stated, "Mr. Roy's extensive contacts in the airline industry, both inside and outside of Canada, will bring immediate credibility to the Company." Mr. Burns looks forward to working closely with Mr. Roy in advancing the goals of both Companies.

    For further information please contact the Company at (403) 571-8774.

On behalf of the Board of Directors, Rodney B. Burns, President & Director.

Statements in this news release that are not strictly historical are "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to a number of risks and uncertainties that may affect actual events or results materially. These include, but are not limited to: (i) the Company's ability to obtain adequate financing to further its current and future business strategies; (ii) the company's ability to attract and retain its employees; (iii) the Company's success against competitive products and services; (iv) the company's historical lack of profitability;(v) the effects of business and economic conditions generally, and; (vi) other risks associated with a development stage company. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. No Stock Exchange or Securities Commission has either approved or disapproved of the form or contents of this release.

SOURCE GF Haymore, Inc.

CONTACT: Rodney B. Burns, President & Director of GF Haymore, 403-571-8774