BEFORE THE



BEFORE THE

U.S. DEPARTMENT OF TRANSPORTATION

OFFICE OF THE SECRETARY

WASHINGTON, D.C.

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APPLICATION OF FLIGHT ONE AIRLINE USA

FOR A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY

Communications with respect to this document should be sent to:

Amare Teferi Mandefro

700 East Ocean Blvd. #2006

Long Beach, CA 90802

Tel: (562) 453-5514

Fax: (562) 590-8202

Email: sales@flight-one-

FLIGHT ONE AIRLINE USA, A DIVISION OF LASER ARCHIVES INC., A NEVADA USA CORPORATION; REQUESTS THAT ITS APPLICATION BE PROCESSED BY NON-HEARING EXPEDITED PROCEDURES UNDER SUBPART Q OF THE DEPARTMENT OF TRANSPORTATION’S PROCEDURAL REGULATIONS.

BEFORE THE

U.S. DEPARTMENT OF TRANSPORTATION

OFFICE OF THE SECRETARY

WASHINGTON, D.C.

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) Docket No.

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APPLICATION OF FLIGHT ONE AIRLINE USA

FOR A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY

Flight One Airline USA a division of Laser Archives, Inc. (the “Applicant”) respectfully submits this application to the Department of Transportation (the “Department”) for a Certificate of Public Convenience and Necessity authorizing foreign scheduled air transportation of persons, property and mail pursuant to Section 41102 of Title 49 of the United States Code (the “Statute”). Applicant respectfully requests that this application be processed on a non-hearing expedited basis under Part 302, Subpart Q of the Department’s procedural regulations.

Information in support of Applicant’s fitness to operate has been included with this application and is incorporated by reference here. All references in this Application to Exhibits I through IX refer to the exhibits of the application for foreign scheduled authority. References to the pertinent sections of Parts 201 and 204 of the Department’s Economic Regulations are also provided:

1. The Applicant

Part 204.3(a)

Flight One Airline USA a division of Laser Archives, Inc.

A Nevada USA Corporation

2211 Paradise Road

Las Vegas, Nevada 89104-254

Phone: (562) 453-5514

Fax: (562) 590-8202

2. Form of Organization

Part 204.3(b), (c) and (d)

Applicant is a corporation duly organized on August 13, 2001 under the laws of the State of Nevada. A current statement from the Office of the Nevada Secretary of State certifying that Applicant is a corporation in good standing is set forth in Exhibit 1.

3. Citizenship

Part 204.3(e)

Applicant is a citizen of the United States as defined in 49 U.S.C. §40102(a)(15). An Affidavit of Citizenship for Applicant is set forth in Exhibit II. All of Applicant’s major division vice presidents are citizens of the United States.

4. Authority Requested

Part 201.4(d)

Applicant is applying for authority to provide foreign scheduled air transportation of persons, property and mail.

5. Key Personnel

Part 204.3(f)

The resumes of Applicant’s key personnel are set forth in Exhibit III. All such persons are U.S. citizens.

6. Persons with a Substantial Interest in Applicant.

Part 204.3(g)

None other than applicant.

7. Subsidiaries of Applicant.

Part 204.3(h)

Applicant has no subsidiaries.

8. Other Intercorporate Relationships.

Part 204.3(i)

Applicant does not own any stock in, or have any control of any air carrier, foreign air carrier, common carrier, or person substantially engaged in the business of aeronautics.

9. Information Relating to Relevant Corporations.

Part 204.3(j)

Applicant is a recently-formed company with private ownership and has not yet commenced operations. Therefore, Applicant has not been required to file 10K Annuals Reports or 10Q Quarterly Reports with the Securities and Exchange Commission.

10. Applicant’s Financial Condition and Results of Operations.

Part 204.3(k)

Applicant has no historical financial records, which contains Balance Sheet and Income Statements for Applicant that includes the information requested by Part 204.3(k).

11. Actions and Outstanding Judgments.

Part 204.3(l) and (m)

There are no known actions or outstanding judgments, in any amount, against Applicant. Applicant has never been involved as a plaintiff or defendant in any legal action for the past ten years.

12. Aircraft.

Part 204.3(n)

Applicant intends to commence service with one MD-11 aircraft configured for 360 passengers. Additional information is contained in the narrative discussion as set forth in Exhibit V. An Affidavit of Aircraft Safety Compliance will be submitted once Applicant has acquired the appropriate aircraft (on a fully allocated wet lease basis) from an existing and active Unites States Certified Air Carrier meeting all the requirement of DOT and FAA and/or other government or agencies as necessary.

13. Department and FAA Investigations, Actions and Complaints.

Part 204.3(o)

There are no pending Department or Federal Aviation Administration (“FAA”) investigations, enforcement actions or formal complaints involving Applicant or any relevant corporation, any personnel employed (or to be employed) by any relevant corporation, or any person having substantial interest in any relevant corporation regarding compliance with the Federal Aviation Act of 1958, as amended (the “Act”) or orders, rules, regulations or requirements issued pursuant to the Act.

14. Other Charges.

Part 204.3(p)

No known charges of unfair, deceptive or anticompetitive business practices, fraud, felony or antitrust violations have ever been brought against Applicant, any of its key personnel, or any persons having a substantial interest in any relevant corporation, or a member of the key personnel employed or to be employed by Applicant in the past 10 years.

15. Aircraft Accidents or Incidents.

Part 204.3(q)

There are no known aircraft accidents or incidents (as defined in the National Transportation Safety Board Regulations, 49 C.F.R. 830.2) experienced by Applicant, any of its key personnel, any relevant corporation or any persons having a substantial interest in Applicant that occurred in the year preceding this application or which occurred earlier and remain under investigation by the FAA or the NTSB, or Applicant.

16. History of Applicant.

Part 204.3(r)

A narrative description of Applicant’s history including proposed service, management structure, and plan of operations is provided in Exhibit V attached hereto.

17. Operating Authority Held.

Part 204.3(s)

Applicant does not presently hold any Federal, state or foreign operating authority. Applicant is not presently conducting any transportation operations.

18. Initial Operating Plan.

Part 204.3(t)

A description of service to be operated by Applicant if the application is granted is described in Exhibit IV, Schedule A to Schedule N and Exhibit V.

Applicant’s forecast balance sheet as of the end of its fist normalized year of operating its initial scheduled pattern, prepared in accordance with Part 204.3(t)(1), is set forth in Exhibit IV, Schedule N.

Applicant’s forecast income statement for its first normalized year of operating its initial schedule pattern, prepared in accordance with Part 204.3(t)(2), is set forth in Exhibit IV, Schedule B.

Applicant is a lessee of an aircraft on a fully allocated per block hour basis that covers all contractual cost undertakings of Flight One Airline USA (except those of marketing and general and administration cost.)

Exhibit IV, Schedule C and D, is the financial position for the three-month and analyzed revenue analysis for Applicant with the concept of support economy principle.

Lessor of aircraft is an active and current certified United States operating air carrier that has passed the three month zero revenue test.

Lessee will and should therefore not be subjected to this requirement.

19. Warsaw Liability Waiver.

Part 204.3(u)

A signed counterpart of Agreement 18900 on OST Form 4523 is set forth in Exhibit VI. An original and three copies of the OST Form 4523 will be filled with the Documentary Services Division of the Department at the time of filing out this application with the wet lease A/C providers.

20. Certification.

Part 204.3(v)

The required officer’s certification will appear immediately commencing the grant of certification.

WHEREFORE, on the basis of the foregoing information and the certification thereof by the company’s President/CEO Flight One Airline, a division of Laser Archives Inc. A Nevada USA Corporation, by counsel, respectfully requests that the Department take expeditious action to find it fit so it may begin service on or about June 15, 2004 and grant this application for authority to engage in foreign scheduled air transportation of persons, property and mail, and grant any such other relief as it may find to be in the public interest.

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EXHIBIT IX

CERTIFICATION 204.3(v)

Pursuant to Title 18 United States Code, Section 1001, I, Amare Teferi Mandefro, in my individual as the Applicant certify the accuracy of the information contained in this application and further state that I have not in any manner knowingly and willfully falsified, concealed or covered up any material fact or made any false, fictitious or fraudulent statement or knowingly used any documents which contain such statements in connection with the preparation, filing or prosecution of the application. I understand that an individual who is found to have violated the provisions of 18 U.S.C. Section 1001 shall be fined not more than $10,000 or imprisoned not more than five years, or both.

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FLIGHT ONE AIRLINE USA

TABLE OF CONTENTS

Pleading 1

Exhibit IX: Certification 204.3(v) 8

Table of Contents 9

Index of Exhibits 10

Exhibit I: Certificate of Existence with Status in Good Standing 11

Exhibit II: Applicant's Affidavit of Citizenship 12

Exhibit VI: Warsaw Liability Waiver: Part 204.3(u) 13

Exhibit III: Index of Key Personnel 14

Flight One Airline USA: Organizational Chart 15

Flight One Airline USA: Key Personnel 19

Exhibit IV: Financial Position and Operating Plan 75

Schedule A: Flight One Airline USA: Flight Schedule 78

Schedule B: Forecast Income Statement 1st 12 Months 79

Schedule C (Cash Surplus): Projected Income Statement 1st Quarter of Operation 80

Schedule D (Cash Surplus): Forecast Income Statement 1st 12 Months 81

Schedule E: Pre-Operating Cost Assumptions prior to Service Initiation 82

Schedule F: Pre-Operating Cost Assumptions 1st Year 84

Schedule G: 1st Year Flight Operation Summary of Statistics & Income Statement 86

Schedule H: Revenue Forecast 87

Schedule I: Revenue Assumptions 1st Weekly Scheduled Flight 89

Schedule J: Revenue Assumptions 2nd Weekly Schedule Flight 90

Schedule K: Revenue Assumptions 3rd Weekly Schedule Flight 91

Schedule L: Expense Assumptions 92

Schedule M: Expense Assumptions by Category 93

Schedule N: Projected Balance Sheet as of the end of the 1st 12 Months 94

Exhibit V: Narrative History/Plan of Operations 95

Addendum I: Digital Flight Operation 102

Addendum II: Background - The Basis 105

Addendum III: Summary and Conclusion 112

Exhibit VII: Route Map Schedule: 1st & 3rd Weekly Schedule Flights 114

Exhibit VIII: Route Map Schedule: 2nd Weekly Scheduled Flights 115

INDEX OF EXHIBITS

| | | |Pages |

| |Exhibit I | |11 |

| |Certificate of Existence with Status in Good Standing | | |

| |Exhibit II | |12 |

| |Applicant's Affidavit of Citizenship | | |

| |Exhibit III | |14 |

| |Index of Key Personnel | | |

| |Exhibit IV | |75 |

| |Financial Position and Operating Plan | | |

| |Exhibit V | |95 |

| |Narrative History Applicant plan of operation | | |

| |Exhibit VI | |13 |

| |Warsaw Liability Waiver: Part 204.3(U) | | |

| |Exhibit VII | |114 |

| |Route Map Schedule: 1st & 3rd Weekly Scheduled Flights | | |

| |Exhibit VIII | |115 |

| |Route Map Schedule: 2nd Weekly Scheduled Flights | | |

| |Exhibit IX | |8 |

| |Certification 204.3(v) | | |

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EXHIBIT II

APPLICANT’S AFFIDAVIT OF CITIZENSHIP

STATE OF: CALIFORNIA

COUNTY OF: LOS ANGELES

Amare Teferi being first duly sworn, deposes and says:

1. That he is duly elected, qualified, and serving as President/CEO of Flight One Airline USA, a division of LaserArchives, a Nevada USA corporation and that he is authorized to and does make this affidavit for it.

2. That Amare Teferi is a citizen of the United States within the meaning of 49 U.S.C. 40102(a)(15).

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EXHIBIT III

FLIGHT ONE AIRLINE USA

KEY PERSONNEL

| |NAME |POSITION |DEPARTMENT |PAGE |

| | | |CODE |NUMBER |

| | | | | |

| | | | | |

|1 |AMARE TEFERI |PRESIDENT/CEO |P001 |19 |

| | | | | |

|2 |PAUL ANTHONY MEYER |VP DIGITAL FLIGHT | | |

| | |OPERATION |P002 |24 |

| | | | | |

|3 |MICHAEL AMSPAUGH |DIRECTOR SYSTEM | | |

| | |CONTROL |P003 |29 |

| | | | | |

|4 |MATT V. SAIKKONEN |DIRECTOR | | |

| | |COMMUNICATION |C004 |34 |

| | | | | |

|5 |STEPHEN CHARLES LEPISTO |VP MARKETING |M004 |45 |

| | | | | |

|6 |GEBRETSADIK WOLDEYESUS |VP ADMINISTRATION |A004 |48 |

| | | | | |

|7 |JOEL F. TAMRAZ |VP LEGAL AFFAIRS |L004 |52 |

| | | | | |

|8 |JAMES LEONARD BROWN |VP LEGAL AFFAIRS |L005 |55 |

| | | | | |

|9 |LOC NGUYEN |DIR. TECHNICAL | | |

| | |OPERATION |C005 |59 |

| | | | | |

|10 |PAUL VALLADARES |DIR. WEB | | |

| | |OPERATION |W005 |65 |

| | | | | |

|11 |GARY OSTERBERG |VP FINANCE |F0041 |69 |

| | | | | |

|12 |GREGORY J. DOMENO |ASSOC. TECHNICAL SERVICES |T004 |71 |

EXHIBIT III

P001

PRESIDENT/CEO

Flight One Airline USA

Job Description

| |  | |

|Job Title: | |PRESIDENT/CEO |

| | |AMARE TEFERI |

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| |  | |

SUMMARY

Responsible for establishing and executing major goals and objectives for Flight One airline USA. Provides leadership, direction and guidance of all activities on the company’s route system network. Analyzes and evaluates the effectiveness of all its schedules and operations. Develops and maintains organizational structure and effective personnel. Coordinates major activities through subordinates and appraises assigned personnel. Represents Flight One Airline USA to regulatory agencies, trade associations, airlines, tourism ministries, banks, and aeronautical authorities of varied countries.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Assumes responsibility for the development and implementation of effective strategic plans.

o Directs and oversees short-run and long –run strategic planning. Sets overall objectives for all areas of the Flight One Airline USA.

o Develops and implements operational plans, policies, and goals that further strategic objectives.

o Continually monitors the general economic environment and anticipated trends. Updates policies and procedures so they are commensurate with the economic conditions.

o Oversees the development of appropriate marketing strategies.

2. Assumes responsibility for establishing and maintaining effective financial policies.

3. Maintains full awareness of the complete financial, statistical, and accounting records of flight One Airline USA.

4. Continually monitors aircraft availability in the market for wet lease that has the optimum cash saving devices in the industry.

5. Assumes responsibility for maintaining effective communication and coordination with area personnel and outside organizations.

6. Assumes responsibility for ensuring that professional business relations are established and maintained with the traveling public.

7. Assumes responsibility for related duties as required.

EXHIBIT III

P001

President/CEO

AMARE TEFERI

700 EAST OCEAN BL #2006

LONG BEACH CA 90802

562 453 5514

RESUME

Citizenship: United States

Employment:

1964 – 1981 Ethiopian Airlines

Management Trainee, Sr. Staff Assistant/Supervisor Air to Ground and Ground to Ground Communication/Market Analysis and Forecasting Planning and International Affairs, Manager Route Development and Sales Manager West coast USA, Canada and Mexico.

Business Owner of:

1960 – 1982 Import/Export, Farms, University Bookshops Ethiopia

1980 – 1985 Addis Ababa Restaurant Hollywood

1985 – 1989 Ethiopian Cuisine Hollywood

1989 – To date Travel Consultant, Pacific/Aquarius Travel

Education

1960/61 – 1964 Haile Selassie University B.A

1965 – 1972 Supervisory Training Certificate (Ethiopian Airlines Sponsored)

Stanford University Business Management and Organization Certificate (Ethiopian Airlines Sponsored)

Sr. Executive Management Development Training Haile Selassie I University Certificate (Ethiopian Airlines Sponsored)

ELAL Training on Market Research, Space Control, Forecasting and Long Range Planning. Tel Aviv Israel (Ethiopian Airline Sponsored)

Experiences

Authored and implemented the Communication Manual for Ethiopian Airlines for/of use to flight operations, technical services, flight control, reservation, finance, the civil aviation, sales, station and administration of Ethiopian Airlines. Worked closely with SITA (Society International De Telecommunication Aeronautics) ICAO and the Imperial Board of Telecommunications

Authored and implemented twenty one International Air Routes Studies in Africa, Europe, The Middle East and Asia -and six major air routes for domestic services in Ethiopia. All culminated to form the present route system network of Ethiopian Airlines. This brought the gross revenue of Ethiopian Airlines from about 33 million Ethiopian dollars to over 1.5 billion Ethiopian dollars per annum in just over a decade and half. Ethiopian Airlines is one of the few airlines in the world that posts profit in spite of the political, social and economic problems of the world.

Major routes opened included Paris, Rome, London, Dubai, Bahrain, Riyadh, Jeddah, Sana’a, Bombay, Shanghai, Peking, Kigali, Bujumbura, Kilimanjaro, Blantyre, Luanda, Kinshasa, Douala, Abidjan, Dakar etc

Authored and implemented Ethiopian Airlines first basic premises/ assumptions and operating plan with five year projection.

Established the domestic, regional, continental and intercontinental, -short and long term schedules and the equipment utilization of Ethiopian Airlines.

Prepared numerous position papers for air bilateral negotiations, Participated and conducted marketing of a/c lease, designed pool agreements with varied airlines for Ethiopian Airlines.

Initiated, Authored and helped the establishment of the Association of African Airlines

Established the domestic and international fares of Ethiopian Airlines meeting the demand of the complicated demands of the people and the government.

Initiated, Authored the Association of African Tourism Ministries. (While the Association of African Airline is now a full fledged part of African Union and UN, I have immediate plan to establish the Association of African Tourism with Flight One Airline)

Authored the Prepared the draft plan for the establishment of HCDA (horticultural development agency of Ethiopia) which directly reported to the President of Ethiopia. I was the Secretary General in which four Major Government Ministries and varied development Agencies were involved

Initiated Authored and established the formation of an all cargo service for Ethiopian Airlines

Initiated Authored and established the formation of Real Estate Acquisition program for Ethiopian Airlines

Initiated Authored and established the creation of Space Control and yield management department of Ethiopian Airlines

Initiated Authored Established and designed the establishment sales plan and promotions for Ethiopian Airlines including cooperative shared and non shared cost marketing which made unprofitable routed of Africa, Middle East and Asia profitable.

Trained the Chief marketing staff of East African Airways on how to design and make unprofitable routes profitable. He in turn trained his staff.

Opened The Peoples Republic of China to the Air traveling public of the world. (My personal initiative got Ethiopian Airlines Air transport World Award of the year).

On special assignments, -have established in the formation of AFCAC (African Civil Aviation Commission) under the sponsorship of the UN Economic Commission for Africa.

During the period of 1980’s have continually assisted the establishment of many travel agencies such as Collier Travels, Uniworld Travel, Mediterranean Express, Atlas Travel Group, Sunbeam Travels etc...All in Los Angeles as my establishment was the center of Ethnic traffic source.

EXHIBIT III

P002

VICE PRESIDENT

DIGITAL FLIGHT OPERATION

PAUL ANTHONY MEYER

700 EAST OCEAN BLVD. #1206

LONG BEACH CA 90802

Flight One Airline USA

Job Description

| |  | |

|Job Title: | | |

| | |VICE PRESIDENT DIGITAL FLIGHT OPERATION |

|Department: |  |FLIGHT OPERATION |

|Reports To: |  |PRESIDENT/CEO |

SUMMARY

Performs the duty of flight operations of Flight One Airline by directly coordinating the activities of Aircraft Lessor in the performance of the given scheduled operation per agreement.

Ensures that Aircraft Lessor abides by all the laws, codes, regulations of the US Federal, State County and its appropriate Agencies and that of the aeronautical authorities of Foreign Governments where Flight One serves per agreed schedule

Ensures the performance of on time flight operation by Aircraft Lessor.

Administers all the functions of information technology, network administrator, imaging systems administrator, information technology auditor and web master for effective digitally controlled flight operations.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Flight One Airline is a digitally managed airline system. All aspect of its operation will be digitally recorded and imaged as required. Copies of all activities will be availed to all concerned governmental authorities for security or other reasons.

1. Liaisons with the flight control division of Aircraft Lessor

2. Liaisons with the cockpit and cabin crew scheduling department of Aircraft Lessor. Secures advance schedules of crewmembers.

3. Liaisons with Aircraft Lessor flight control department on the use of appropriate communication and navigational aids to be used while performing the schedule of Flight One Airline.

4. Establish a checklist of responsibilities of Aircraft Lessor and procedures to be followed in coordinating and establishing and performing a completed staff work.

5. Ensure that the established digital communication is utilized to perform such performance.

6. Liaisons with the Maintenance, Safety, Inspection, Production and Quality Control department of Aircraft Lessor and that the appropriate rules, regulations are followed for safe and smooth operation of Flight One Airline’ scheduled services.

7. Ensures that Flight One will have the appropriate arrangement with outside maintenance specialists to directly/indirectly oversee that Aircraft Lessor performs its duties and responsibilities per master agreement.

8. Liaisons with the customer service of Aircraft Lessor that crews follow the rules and regulations of Flight One Airlines in and out the aircraft at all time at all Flight One Airlines served destinations per master agreement.

9. Liaisons with Leasor of Aircraft that all airport and ground handlings (passenger, freight and mail etc…) are performed in an efficient and smooth manner in keeping with the requirement and image of Flight One Airline over all its served destinations.

10. Ensures that Flight One will have the appropriate arrangement with outside specialists to directly/indirectly oversee that Aircraft Lessor carries out its duties per agreement.

11. Ensures that Flight One Airlines will not be involved in the piloting or any part of the operation of Leased Aircraft or its other duties outside the master agreement.

12. Communicates and coordinates with all departments as appropriate per MP and P Manual (Management Police and Procedures Manual) of Flight One Airline USA.

EXHIBIT III

P002

VICE PRESIDENT

DIGITAL FLIGHT OPERATION

PAUL ANTHONY MEYER

RESUME

700 East Ocean Boulevard #1206 Home: 562-435-8701

Long Beach, CA 90802 Mobile: 562-234-3260

OBJECTIVE Airline Management

CERTIFICATES AND RATINGS T-38 Check Airman, Instructor Pilot, Functional Check Pilot

Airline Transport Pilot, Airplane Multiengine Land

B747-400/B-757/B-767 Type Rating

Flight Time B757/B767… 600 Total Time…. 5700

Pilot-in-Command….2200 T-38.…….…. 2450 B747-400…... 965

Instructor…………... 1600 B737-200…... 1244 DC-10……… 236

Work History

T-38 Pilot 1989 - Present

Air Force Flight Test Center T-38 Senior Examiner; T-38 Instructor Pilot; T-38 Evaluator Pilot; Functional Check Pilot; Commander Aircrew Operations: USAF Test Pilot School, Edwards AFB, CA. Nov 96 – Present; USAF Reserve: Provides instruction of advanced Flight Test Techniques in the T-38 to USAF, USN, USMC and Allied Forces test pilot students. Performs incentive flights for pilots and civilians with greatly varying flight experience, including maneuvers such as acrobatics, low level, supersonic runs and weapons delivery. Performs Functional Check Flight missions-recertifying aircraft that have undergone major maintenance overhauls/repairs as air-worthy.

Nov 92 – Nov 96; Active Duty: Additional responsibilities while on active duty included; Provided check airman evaluations to personnel assigned to fly the T-38 at Edwards AFB. Directed the operations, scheduling, and training for the United States Air Force Test Pilot School (TPS) supervising ten officers, enlisted, and civilian personnel executing a $17 million annual flying budget.

T-38 Instructor Pilot; Check Airman; Unit Standardization Officer: 82FTW/99FTS Williams AFB, AZ. Dec 1989- Nov 1992. Provided an aviation quality control function examining pilot competence and flight skills for both their initial qualification and periodic reevaluation. Conducted aerobatics, traffic patterns/landings, formation, instrument, low-level navigation, and emergency procedures instruction.

Airline Transport Pilot 1996 - Present

United Airlines B737, DC-10, B747, B757, B767 Flight Officer. Completed over 2400 hours of domestic and international incident free commercial transport flying all over the world. Routinely encountered/avoided flight conditions of thunderstorms, snow, ice, typhoons, and CAT III approaches consistently hubbing out of large metropolitan airports such as ORD, DIA, LAX, SFO, NRT, and HKG.

Education

University of Redlands, Redlands, California, Master of Business Administration 1995

United States Air Force Academy, Colorado Springs, Colorado, Bachelor of Science 1988

FLIGHT TRAINING

B757/B767 Transition Training, United Airlines, Denver, Colorado 2002

Crew Resource Management Instructor School, Little Rock, Arkansas 2001

B747-400 Transition Training, United Airlines, Denver, Colorado 2000

DC-10 Transition Training, United Airlines, Denver, Colorado 1999

B737-200 Transition Training, United Airlines, Denver, Colorado 1996

Flight Test Engineer Short Course, National Test Pilot School, California 1994

T-38 Pilot Instructor Course, Randolph AFB, Texas, Distinguished Graduate 1989

Undergraduate Pilot Training, William AFB, AZ 1989

COMMANDER, AIRCREW OPERATIONS 1995-1997

Directed the operation, scheduling, training, and special projects for the United States Air Force Test Pilot School (TPS), Edwards AFB, CA; supervising twelve officers, enlisted, and civilian personnel executing a $17 million annual flying budget.

❑ Reinvented the organization by consolidating operations, creating direct accountability reducing operations errors by 50%, and saving the organization $100,000 annually in aircraft and mission support cancellation costs.

❑ Managed implementation of the TPS budgeting system creating weekly reports for senior leadership, detailing the organizational flying budget status, expediting budgeting decision and increasing accuracy.

❑ Recognized during 1996 headquarters formal inspection for using computer assisted technology to integrate daily operation—reducing the time required to determine aircraft status from 30 minutes to real time; reducing mission planning errors by 75%.

AIRLINE TRANSPORT AND MILITARY INSTRUCTOR PILOT 1988-Present

Managed the qualification, supervision, and completion of numerous operational flying organizations including the completion of over 4500 hours of incident/accident free flights.

❑ Handpicked to be the only instructor to teach crew resource management (CRM) at TPS. This course is provides “leading edge” techniques for decision-making processes in time critical situations. The CRM is widely known as the process most instrumental in reducing future aircraft accidents.

❑ Safely and professionally managed a United Airlines (UAL) first ever Pacific fuel diversion to Apia, Samoa. Single handedly refueled and coordinated payment for a fully loaded B-747 aircraft without prior training in a “crew rest, time critical” refueling stop saving UAL over $2 million in direct operational losses.

❑ Recognized by the students pilots of two separate classes and the top instructor pilot surpassing 60 other instructors who were eligible for the award.

EDUCATION

Master of Business Administration, University of Redlands, CA, 1995

Bachelor of Science, United States Air Force Academy, Colorado Springs, CO 1988

CERTIFICATES/TRAINING

Airline Transport Pilot; B-737, DC-10, B-747, B-767, B757; 1996-2003

Mortgage Broker, California Board of Real Estate, 2003

Crew Resource Management, USAF, Littlerock AFB, AR, 2000

Acquisition Management, Wright Patterson AFB, OH., 1994

Pilot Instructor School, USAF, Randolph AFB, TX., Distinguished Graduate, 1989

Undergraduate Pilot Training, USAF, Williams AFB, AZ., 1989

EXHIBIT III

P003

SR DIRECTOR SYSTEM CONTROL

Flight One Airline USA

Job Description

MICHAEL AMSPAUGH

| |  | |

|Job Title: | |SR. DIRECTOR SYSTEM CONTROL |

|Department: |  |FLIGHT OPERATION |

|Reports To: |  |VICE PRESIDENT FLIGHT OPERATION |

SUMMARY

Performs all the functions of information technology, network administrator, imaging systems administrator, information technology auditor, technical and web operation

Directs. Performs and controls the system communication set up of Flight One Airline

Responsible for complete set up of the real time communication system with multi faceted alternate backs.

Co chairman of the Operations Coordination Committee per MP & P Manual of Flight One Airline

ESSENTIAL DUTIES AND RESPONSIBILITIES

Flight One Airline is a digitally managed airline system. All aspect of its operational will be digitally recorded and imaged. Duplicate data system of all imaged activities will be archived and made available to all concerned governmental authorities for security reasons.

Responsible for organizing, planning, directing, and controlling all Flight One Airline USA’s electronic functions, including systems and programming, computer operations, phone operations, and related vendor relationships.

Establishes, implements, and administers divisional policies and procedures.

Acts as senior manager over all hardware, software, and equipment purchases and maintenance.

Responsible for future technological innovations and the development and implementation of the company’s IT strategic plans.

Responsible for disaster recovery planning and mitigation strategies.

Continually monitors technical and processing priorities and methods.

Trains, directs, and supervises department Vice Presidents and subordinates.

Maintains smooth operations of all company network, systems, and application.

Provides technical support to users as needed, diagnoses and resolves connectivity problems, and monitors system security, backup and virus protection.

Evaluates, recommends, and implement network software and hardware, and assists in the development of IT strategies and policies.

Maintains professional business relations with clients and outside contacts

Oversees all aspects of record imaging, scanning operations, and document storage and retrieval.

Ensures that records are stored and retained in accordance with the policies of Flight One Airline USA Management Policy and Procedures Manual meeting Government regulations.

Keeps imaging systems operational for use by Flight One Airline USA employees.

Keeps abreast with imaging system technologies and makes the changes with the existing system of operations.

Trains personnel on system utilization and provides support and suggestions to expedite the work patterns of Flight One Airline.

Completes assigned work, maintains files, and performs miscellaneous duties in electronic/digital formats in a timely fashion.

Performs information technology audits.

Reviews information technology operations for evidence of fraud, control deficiencies, errors, or noncompliance with established policies.

Audits applications and automated procedures

Acts as an IT system consultant and provides recommendation for changes in procedures, policies, documentation, or programs

Prepares work papers, reviews methods, and writes recommendation.

Assists with financial and operational audits.

Prepares, work papers reviews methods, and writes recommendation,

Assists with financial and operational audits

Writes programs and assist with implementation information technology audit procedures

Assists in the development of the company’s online services including the Internet home page, PC access, and online ordering functions.

Assumes primary responsibility for designing and updating the company’s website.

Provides support in the expansion on online products and promotes increased use of computer service among customers.

Provides technical support to customer, answer-incoming call, troubleshoots problems.

Provides information, and answers questions

Provides assistance to area personnel and notifies management of significant problems

EXHIBIT III

P003

SR Director System Control

Michael Amspaugh

Executive Summary

12359 EVENSONG DR

WEST LOS ANGELES CA 90064

1976 M.B.A. in Operations Research in Management Science. University of Michigan.

Honors & Associations:

Dean’s List, Dean’s Committee on Excellence, Who’s Who in American Colleges and Universities, President of Operations

Research Society of America Student Chapter, Officer of Student

NAIC Investment Club, Computer and Statistics Lab Manager, Teaching Assistant.

1974 B.S. of Applied Science in Systems Analysis, Miami University.

Honors & Associations:

Dean’s List, Friends of the Library Society, Contributing Editor for a Linear Programming Textbook, Fraternity Officer, Martial Arts club.

Recent Activities & Honors:

Martial Arts Instructor, NAIC Stock Club President, Elementary School

Site Council Member and Technical Committee member, Who’s Who

Among US Executives.

Recent Employment:

12/2000 – Present

Part time Executive Consultant and Investor

2/99 – 11/2000

Vice President of Technology for a Fortune 500 Company.

5/89 – 1/99

Cofounder and Chairman of a Data Processing consulting firm that was sold to a Fortune 500 Company.

5/88 – 4/89

Senior Consultant to a Big 6 Accounting Firm.

1/82 – 4/88

Independent Contract Data processing Consultant.

1974 - 1982

Various positions in Data Processing from programming to management.

EXHIBIT III

C004

DIRECTOR COMMUNICATION

Flight One Airline USA

Job Description

MATT V. SAIKKONEN

| |  | |

| | | |

|Job Title: | |DIRECTOR COMMUNICATION |

|Department: |  |COMMUNICATION |

|Reports To: |  |SR, DIRECTOR SYSTEM CONTROL |

SUMMARY

Executes all the functions of information technology, network administrator, imaging systems administrator, information technology auditor, technical and web operation

Executes Directs. Performs and controls the system communication set up of Flight One Airline

Directly responsible for complete set up of the real time communication system with multi faceted alternate backs.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Flight One Airline is a digitally managed airline system. All aspect of its operational will be digitally recorded and imaged. Duplicate data system of all imaged activities will be archived and made available to all concerned governmental authorities for security reasons.

1. Directs organizes, plans, and controls all Flight One Airline USA’s electronic functions, including systems and programming, computer operations, phone operations, and related vendor relationships.

2. Establishes, implements, and administers divisional policies and procedures.

3. Performs and manages all hardware, software, and equipment purchases and maintenance per the MP & P Manual (Management Policy and Procedures Manual) of Flight One Airline USA.

4. Directs, plan and performs for immediate/ future technological innovations/advances and the development and implementation of the company’s IT strategic plans.

5. Continually directs and plans for disaster recovery planning and mitigation strategies.

6. Continually monitors technical and processing priorities and methods.

7. Trains, directs, and supervises department Vice Presidents and subordinates as directed by Director System Controls.

8. Allows and maintains smooth operations of all company network, systems, and application.

9. Directs, technical support to users as needed.

10. Diagnoses and resolves connectivity problems, and monitors system security, backup and virus protection.

11. Directs, evaluates, recommends, and implement network software and hardware, and the development of IT strategies and policies.

12. Maintains professional business relations with clients and outside contacts

13. Oversees all aspects of record imaging, scanning operations, and document storage and retrieval.

14. Ensures that records are stored and retained in accordance with the policies of Flight One Airline USA Management Policy and Procedures Manual meeting Government regulations.

15. Keeps imaging systems operational for use by Flight One Airline USA employees.

16. Keeps abreast with imaging system technologies and makes the changes with the existing system of operations.

17. Trains personnel on system utilization and provides support and suggestions to expedite the work patterns of Flight One Airline.

18. Completes assigned work, maintains files, and performs miscellaneous duties in electronic/digital formats in a timely fashion.

19. Performs information technology audits.

20. Reviews information technology operations for evidence of fraud, control deficiencies, errors, or noncompliance with established policies.

21. Audits applications and automated procedures

22. Acts as an IT system consultant and provides recommendation for changes in procedures, policies, documentation, or programs

23. Prepares work papers, reviews methods, and writes recommendation.

24. Assists with financial and operational audits.

25. Prepares, work papers reviews methods, and writes recommendation,

26. Assists with financial and operational audits

27. Writes programs and assist with implementation information technology audit procedures

28. Assists in the development of the company’s online services including the Internet home page, PC access, and online ordering functions.

29. Assumes primary responsibility for designing and updating the company’s website.

30. Provides support in the expansion on online products and promotes increased use of computer service among customers.

31. Provides technical support to customer, answer-incoming call, troubleshoots problems.

32. Provides information, and answers questions

33. Provides assistance to area personnel and notifies management of significant problems

34. Stabilizes system environment

35. Re engineers infrastructure and scaled system of operation of use to e ticketing, station handling, sales undertaking and customer use.

36. Design and build new IT information service organization for approval and execution.

37. Evaluate bar code information for baggage, freight, mail, small packages and tracking system using web-based technology.

38. Develop claim components and control systems.

39. Outsource data center and external network with new and existing vendors as required.

40. Establish strategic direction in line with corporate goal and build IT infrastructure to execute the strategies.

41. Train all staff and GSA’S.

42. Establish load and yield procedure as directed from time to time.

43. Establish a flawless communication set up within the Flight One Airline USA system network of operations

EXHIBIT III

C004

DIRECTOR COMMUNICATION

RESUME

PERSONAL DATA

FULL NAME: Matt V. Saikkonen

HOME ADDRESS: 5929 NW Skyline Boulevard

Portland, OR 97229

TELEPHONE: (H): (503) 297-7661

E-mail: mvsaikkonen@

EDUCATIONAL BACKGROUND

Westchester College; Los Angeles, CA

BS, Business Administration - 1976

East Los Angeles College; Los Angeles, California

AA, Liberal Arts – 1972

Summary of Qualifications

A well rounded CIO/Vice President of IT with experience with Fortune 100 and start-up companies. Core competencies include general management, project and program management, budget generation and control, employee recruitment and retention, establishment of standards, policies and procedures, merger and acquisition evaluation as it relates to IT integration, IT procurement and negotiation, insourcing vs. outsourcing evaluation and implementation.

Core technical capabilities include E-commerce, Internet and web based applications and infrastructure, distributed systems, mainframe and client server environments, help desk and large call center installation and support, LAN/WAN networks utilizing multiple technologies such as wireless, satellite and land lines.

BUSINESS EXPERIENCE

new edge networks

Vancouver, Washington

August 2000 to February 2001

NEW EDGE NETWORKS IS THE LARGEST COMPETITIVE BROADBAND SERVICE PROVIDER IN SMALL AND MID-SIZE MARKETS WITH POPULATIONS GENERALLY RANGING FROM 5,000 TO 250,000. THROUGH WHOLESALE AND DIRECT DISTRIBUTION CHANNELS, NEW EDGE NETWORKS PROVIDES A WIDE VARIETY OF BROADBAND SERVICES USING DSL TECHNOLOGY IN MORE THAN 380 CITIES AND TOWNS IN 29 STATES. THE COMPANY PROVIDES THESE SERVICES THROUGH ITS NATIONAL BACKBONE NETWORK THAT HAS 18 REGIONAL AGGREGATION POINTS AND ALMOST 600 NODES, MAKING IT ONE OF THE LARGEST ATM NETWORKS IN THE UNITED STATES. CURRENTLY, THE COMPANY DERIVES MOST OF ITS REVENUE FROM NON-DSL BROADBAND SERVICES SUCH AS DATA COMMUNICATIONS, WANS AND FRAME RELAY SERVICES FOR SMALL AND MID-SIZE BUSINESSES NATIONALLY. NEW EDGE NETWORKS IS TECHNOLOGY AGNOSTIC.

CHIEF INFORMATION OFFICER AND VICE PRESIDENT

PORTLAND, OREGON

Reported to the Chief Executive Officer and had five direct reports with a total staff of 85. Responsible for building a best of class IT organization to support a high-speed broadband telecommunications start-up company. This incorporates all aspects, from back office support; call center support, E-commerce initiatives, architecture, network and telecommunications in a multi-tiered client server environment.

• Stabilized systems environment by re-engineering the infrastructure, uptime went from 50% to 99.999% resulting in improved customer satisfaction and a 150% increase in orders processed daily.

• Scaled systems, which were processing 200 orders daily to be able to handle 20,000 transactions per hour; this was a requirement to attain service levels for Microsoft.

• Established E-bonding connectivity with key service providers, cutting an average of seven days out of the order cycle.

• Left the company because it was not able to secure senior debt and was forced to abandon its initiatives and reduced its’ employees from 485 to 55.

consolidated freightways

Portland, Oregon

June 1997 to August 2000

CONSOLIDATED FREIGHTWAYS OPERATES ONE OF THE WORLDS LARGEST LESS-THAN-TRUCKLOAD (LTL) TRANSPORTATION NETWORKS. THE COMPANY'S HIGHLY SKILLED 22,000 PROFESSIONALS SPECIALIZE IN LONG HAUL FREIGHT TRANSPORTATION THROUGHOUT NORTH AMERICA. 1999 REPORTED SALES REVENUES WERE $2.4 BILLION.

CHIEF INFORMATION OFFICER AND VICE PRESIDENT

Reported to the President with 12 direct reports. Key initial responsibility was to design and build a new Information Service organization. Total IT budget was $80 million.

• Evaluated, selected, and implemented a Peoplesoft ERP system in 15 months. Budget $39 million, 64-person team and five vendors (Anderson, Cambridge, Emerald Solutions, Peoplesoft and IBM Global).

• Initiated E-commerce business-to-business pilots with new 2D bar code unlimited information inventory tracking (this is the same system utilized by the Department of Defense) technology that is web based. 21-person team, $8.5 million budget with a $60 million rolls out cost.

• Established new E-Commerce group that has implemented new E-Commerce site for customer self-service (pickup and delivery scheduling, track and trace, etc.). $85 million budget, 275-member team using 6 vendors and 180 third party vendors.

• Developed claims e-Commerce components.

• Managed outsourced data center and outsourced external network. Vendors included IBM, AT&T, Cambridge Technologies (development) among various other outsourced relationships.

• Formed e-Commerce alliance and established business continuity.

• Established business plan for a separate e-Business “closed loop supply Chain Company” and presented plan to investment bankers for funding.

• Established strategic direction in line with corporate goals and built the IT infrastructure to support and execute the strategies.

• Established tactical plans for Y2K compliance and completed business critical activities.

• During his tenure, the company had three Chief Executive Officers and three Chief Financial Officers. The last Chief Executive Officer brought in an entire new management team.

gart sports

Denver, Colorado

June 1994 to March 1997

THE SECOND-LARGEST FULL-LINE SPORTING GOODS CHAIN IN THE US, BEHIND THE SPORTS AUTHORITY. GART HAD REVENUE OF $285 MILLION AND HAD 85 STORES.

VICE PRESIDENT MANAGEMENT INFORMATION SYSTEMS

Reported to President/Chief Executive Officer. Managed a $28 million budget excluding capital expenditures. Key responsibilities included implementing an IS infrastructure to enable the company to transition and grow from a family owned entity to a publicly traded company.

• Restructured environment, recruited and trained staff to transform the company from a family run business to a publicly traded professional organization.

• Replaced all major systems in less than two years with best in class systems, improving productivity and gross margin performance.

• Established firsts in sporting goods industry with data warehousing and data mining applications, leading to improved logistics and supply chain efficiency.

• Implemented POS technology for 140 locations.

• Left the company after he completed the turnaround. John Lilly, a board member, recruited him to Consolidated Freightways.

thrifTy corporation

Los Angeles, California

June 1991 to June 1994

THRIFTY PAYLESS, FORMED BY THE MERGER OF THE THRIFTY AND PAYLESS DRUGSTORE CHAINS, HAD MORE THAN 1,000 STORES IN 10 WESTERN STATES AND WAS THE LARGEST DRUGSTORE CHAIN ON THE WEST COAST. RITE AID'S $2.3 BILLION PURCHASE OF THE WILSONVILLE, OREGON-BASED COMPANY WAS COMPLETED IN 1996. THRIFTY PAYLESS'S LAST REPORTED SALES WERE $4.8 BILLION IN FISCAL 1996

VICE PRESIDENT MANAGEMENT INFORMATION SYSTEMS

Reported to Chief Executive Officer with 11 direct reports and a staff of 300. Responsible for managing a $42 million budget and all MIS for the entire organization.

• Established a state of the art pharmacy IS program which managed all inventory, pricing, legal and distribution requirements to dramatically reduce cost.

• Created the vision for new systems and new platforms to assist turnaround of the company.

• Flattened organization, eliminated management level and put accountability for projects in the hands of the users and IS project managers. This resulted in $1.2 million in savings and $6 million in from accelerated project delivery.

• Established five-year strategic plan, attained executive committee sponsorship, and initiated a three-year tactical plan, which included a number of client server applications. All projects for years one and two were delivered on time, and four of five under budget.

• Significantly increased MIS credibility with users and senior management when backlog of problem reports was cleaned up and new problems reported were lowered from an average of 80 to 12 per week.

• Restructured and optimized POS technology for 1800 locations. Transformed it from only capturing sales to managing inventory, added time and attendance and labor scheduling.

• Outsourced data center which reduced IT budget by $12 million.

• Negotiated all vendor and outsourcing contracts.

• Left the company because Leonard Greene sold Thrifty to Rite Aid. He was then offered a role with another Leonard Greene company, Gart Sports.

carter hawley hale

Los Angeles, California

1965 to June 1991

CARTER HAWLEY HALE STORES OF LOS ANGELES, PARENT OF RETAIL DEPARTMENT STORE AND SPECIALTY STORE CHAINS, NEIMAN MARCUS, CONTEMPO CASUALS, THE BROADWAY, ETC., WITH SALES IN EXCESS OF 5 BILLION AND MORE THAN 400 LOCATIONS.

VICE PRESIDENT SYSTEM DEVELOPMENT

DECEMBER 1988 TO JUNE 1991

Reported to Chief Executive Officer and was responsible for the direction and administration of all application development for eight department chains and specialty store divisions, including POS terminals in U.S., Canada and Europe.

• Reduced development expense by 1.2 million while improving service levels by introducing CASE tools to the organization.

• Improved delivery time of applications by more than 25 percent by utilizing prototyping techniques and code reuse.

• Established first EDI pilot with Levi Strauss.

• Introduced frequent shopper program to Neiman Marcus division.

• Improved warehouse and distribution facilities through the introduction of bar code technology.

SR. MANAGER DEVELOPMENT

June 1986 to December 1988

Reported to the Vice President of Systems Development and was responsible for all financial systems and merchandising systems for eight specialty and department store chains.

major accomplishments

Consolidated 6 of 8 human resource and payroll systems into one centralized system reducing operating and maintenance expense while improving productivity and adding new functionality such as applicant tracking, skills inventories and certification compliance.

Consolidated 3 of 8 data centers into centralized facility eliminating redundant activities and duplicate costs.

MANAGER SYSTEMS AND PROGRAMMING

Dates February, 1984 to June, 1986

Responsibilities

Responsible for management of and day to day support for Human Resource, Payroll and Financial systems.

Accomplishments

Identified and implemented automated Time and Attendance software reducing payroll clerical costs by 350,000.

Identified and implemented Salesperson Productivity software which provided data for individual goal performance and interfaced into Commission and Incentive systems.

PROJECT MANAGER DEVELOPMENT

Dates February 1981 to February, 1984

Responsibilities

Responsibilities included the management of projects and project budgets along with associated administrative and reporting tasks for major projects, those in excess of $500,000.

Accomplishments

Led the IT initiative to locate and implement IT productivity tools such as IEF and Talon, improving IT responsiveness to solving business problems. Programmers increased efficiency by 50% or more.

Managed HR, Payroll and Financial systems conversions to new Chart of Accounts.

SR. SYSTEMS ANALYST

Dates October 1979 to Feb 1981

Responsibilities

Key responsibilities included the capturing of business and systems requirements and developing the systems and technical specifications and following thru to systems implementation assuring that testing, training and rollout plans were devised, communicated and executed.

Accomplishments

Key accomplishments included the design and conversion of a legacy financial system to accommodate a change in accounting from LIFO to FIFO and the implementation of a new upgraded series of POS terminals and system functions.

SR. PROGRAMMER

March 1977 to October 1979

Participated in numerous projects to enhance the existing systems in meeting growth and acquisitions of several companies that were being added to the department store core.

MANAGER COMPUTER OPERATIONS

March 1975 to March 1977

Reporting to the Vice President of Information Systems I was responsible for the 7 x 24 operation of a multiple mainframe data center supporting the Broadway department store chains of Carter Hawley Hale.

SHIFT MANAGER OPERATIONS

June 1972 to March 1975

SR. COMPUTER OPERATOR

June 1965 to June 1972 with a break in service from February 1967 to March 1969 while I was in the U.S. Army

memberships/affiliations

• Member PeopleSoft Transportation Advisory Committee

• Technology Advisor to U.S. Department of Justice

• Former member Lucent/Octel Board of Advisors

• Former member National Sporting Goods Technical Advisory Committee

EXHIBIT III

M004

VICE PRESIDENT MARKETING

Flight One Airline USA

Job Description

STEPHEN CHARLES LEPISTO

| |  | |

| | |VICE PRESIDENT MARKETING |

|Job Title: | | |

|Department: |  |Marketing |

|Reports To: |  |SR. DIRECTOR SYSTEM CONTROL |

SUMMARY

Plans, directs, and coordinates the marketing of the organization's products and/or services by performing the following duties personally or through subordinate supervisors.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Establishes marketing goals to ensure share of market and profitability of Flight One Airline USA products and/or services.

Develops and executes marketing plans and programs, both short and long range, to ensure the profit growth and expansion of company products and/or services.

Researches, analyzes, and monitors financial, technological, and demographic factors so that market opportunities may be capitalized on and the effects of competitive activity may be minimized.

Plans and oversees the organization's advertising and promotion activities including print, electronic, and direct mail outlets.

Directs, supervises and controls the activities of all GSA and subordinates system wide per the MP & P Manual.

Works with writers and artists and oversees copywriting, design, layout, paste-up, and production of promotional materials.

Develops and recommends pricing strategy for the organization which will result in the greatest share of the market over the long run.

Recommends changes in basic structure and organization of marketing group to ensure the effective fulfillment of objectives assigned to it and provide the flexibility to move swiftly in relation to marketing problems and opportunities.

Continually conducts marketing surveys on current and new concepts.

Prepares marketing activity reports.

SUPERVISORY RESPONSIBILITIES

Supervises the marketing set up of all served and sales station activities under the GSA’s jurisdiction.

Directly supervises the revenue generation activities of the African Tourism Ministries and duty free custom free entrepot establishment/organization.

Addresses complaints and resolving problems as stipulated in the Management Procedures and Policy Manual.

Attends all OCC (Operation Coordination Committee) meetings.

Ensures all coordination and corrective actions take place after the end of each meeting in a timely fashion.

The Vice President Marketing takes the full responsibility in performing and coordinating in the Family Assistance Program in the event of a disaster.

Per master agreement the lessor of aircraft is responsible for such actions. But a back-up system will be in place with Flight One Airline USA.

EXHIBIT III

M004

VICE PRESIDENT MARKETING

RESUME

Stephen Charles Lepisto

22600 Normandie #35 Torrance CA 90502 (310) 618-0861 stevel03@

Summary of Qualifications

Management of Operations, Management of Sales, Outside sales, Marketing, Advertising, Negotiating Airline & Hotel wholesale contracts, Management and leadership skills, Product Development in South Pacific, Orient and around the world packages, and developed sales incentives.

Work Experience

Concorde International - Director of Sales Consolidator Division (Air Tickets) and Account executive for Polynesian Airlines (GSA).

(Jun’01 – Dec’02) Management responsibilities included development of national and target flyers for FAX and e-mail broadcasting, production of banner ads for trade magazines, maintaining web site applications. Produced commission guides for accounts, and staff, to help them understand the South Pacific market.

Discover Wholesale Travel: Director of Air Consolidation (Dec’2000 – May’01)

Responsible for obtaining air contracts, and advertising.

Japan & Orient Tours / J&O Air: Air Manager for Japan and Orient Tours / Director for J&O Air: (Feb’89 – Nov’2000) Operations management of all aspects of J&O Air - obtained air contracts, negotiated override agreements, hired and terminated staff, trained and motivated staff, created sales incentive & worked in product development.

Queue Travel: VP Operations; Responsible for all aspects of a consolidator operation. (Apr’88-Jan’89)

Air New Zealand: Load Control Supervisor; Load Sheet Agent; Passenger Service Agent; Ticketing Instructor; Rate Desk Agent. (Jul’77-Apr’87)

Pan American World Airways: Passenger Service; Ticket agent; Reservations; Clipper Desk, Group Desk, Charter Desk, Tour Desk and Cargo Agent. (Oct’71 – Apr-76)

Education

Pierce College, Woodland Hills CA – Completed two years of transfer courses.

San Fernando Valley State College CA – Business Administration; Completed one year.

Associations:

President USACA 2000; Member of ASTA, PATA, and ANZAC.

EXHIBIT III

A004

VICE PRESIDENT ADMINISTRATION

Flight One Airline USA

Job Description

GEBRETSADIK GEBREYESUS

| |  | |

| | | |

|Job Title: | |VICE PRESIDENT ADMINISTRATION |

|Department: |  |ADMINISTRATION |

|Reports To: |  |SR DIRECTOR SYSTEM CONTROL |

SUMMARY

the vice president of administration is responsible for the human resources function. Ensures the department conforms to the company quality system procedures as directed by President/CEO.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Establish procedures for management of the company’s human resources department

2. Determine and enforce –through functional groups, legal, regulatory and safety requirements as relates to international, federal, state and local regulatory agency’s compliance in accordance with current regulations.

3. Works with employees, as required to ensure conformance with quality system requirement.

4. Responsible for planning directing, and overseeing all human resources functions and administrative service functions of the company.

5. Acts as a member of the senior management team,

6. Participates in establishing and implementing major goals and objectives of the company.

7. Serves as a resource in all aspects of human resources.

8. Provides leadership in establishing and implementing overall human resource objective, policies, and plans

9. Ensures that human resource activities are conducted in accordance with established policies and with local international governmental regulation.

10. Assigns, directs and appraises human resource

EXHIBIT III

A004

VICE PRESIDENT ADMINISTRATION

RESUME

Gebretsadik Woldeyesus

739 Garfield St.

San Francisco, CA 94132

Tel: (415) 239-6183; e-mail: gebre35@

EDUCATION

MBA: Major Finance & Minor Management - Johnson Graduate School of Management, Cornell University, Ithaca, NY/USA.

BA: Addis Ababa University, Ethiopia.

SPECIAL SKILLS

1. Institution building/strengthening and management.

2. Development/monitoring - budgets

3. Extensive experience in research, financial analysis/accounting, technical reports and papers.

4. High proficiency in oral and written communications.

5. Languages Spoken/Written: include French & Amharic (besides English).

.

EXPERIENCES - in US

SF State University, 1600 Holloway Ave, SF, CA 94132:

Summer 2003 Lecturing – Bus 682/05: Environment of Business (BGS Relationship).

Public Transportation Dept. (MUNI): Bus Operations, 949 Presidio Ave, SF, CA 94107 (5/00- 5/15/03)

Administrative Services Manager: Carrying out financial (budget) and administrative duties – diversified activities include financial analysis, coordination and implementation of human resources functions.

SF State University, 1600 Holloway Ave, SF, CA 94132 (12/1999 – 6/02)

Lectured (Part-time): Business Policy & Strategic Management (BUS 690); Managerial Economics (MGMT 407); and Environment of Business (BUS 682).

US Census 2000, 301 Howard Street, SF, CA 94105 (1/2000 - 6/2000)

* Served as a specialist in Assignment Preparation and Work Control at SF Office.

US Postal Service 1300 Evans St., SF, CA 94188 (12/98 - 12/99)

* Handled various aspects of mail processing at Processing & Distribution Center.

Outside US:

DASHEN BANK, Addis Ababa (Aug.1995-Mar.1998)

Marketing and Branch Survey Expert

* In charge of the marketing arm of the Finance and Information Technology Department;

* Developed data base on marketing - relevant literature/materials and statistics with focus on increased market share in deposits, money transfer, foreign banking and credits.

Manager -Management Services

* Responsible for human resources functions; also administered property/contracts, logistics, safety & security; participated in the Bank’s overall policy formulation and implementation.

The WORLD BANK, Addis Ababa (May 1995-Aug.1995)

Housing Finance Review Consultant

* Carried out an in-depth review of the housing finance system

* Produced and submitted a comprehensive report on recommended financing measures for incorporation in the Housing Sector Study.

UNITED NATIONS - HABITAT (Human Settlements):

1. BASED IN NAIROBI, Kenya (1992-1994)

Housing Finance Consultant

* Surveyed, analyzed and published case studies in Zimbabwe and Botswana housing finance systems.

* Proposed mechanism for Housing Credit Schemes in Namibia and Democratic Republic of Laos.

2. RURAL HOUSING PROJECT, Malawi (1986-1991)

Housing Finance Management Advisor

* Developed financing policy, the overall accounting system and effective credit mechanisms.

3. BUILDING FINANCE CORPORATION, Lesotho (1982-1986)

Managing Director

* Provided leadership in the mobilization, allocation and the accounting for funds and other resources for the development of housing nationwide.

4. MORTGAGE AND CONSTRUCTION BANK, Afghanistan (1982)

Finance Consultant

* Evaluated overall operations of the Bank and developed policies and procedures to ensure housing loans to a greater section of population.

5. BUILDING FINANCE CORPORATION, Lesotho (1982-1986)

Management Consultant

* Analyzed administrative and financial systems including accounts operations; recommended plans/strategies for improved operational efficiency in the Corporation.

6. ECONOMIC COMMISSION FOR AFRICA, Addis Ababa, (1981-1982)

Human Settlements Officer

* Managed national research program on the availability and necessity of cost effective shelter, infrastructure and the provision of quality services.

NATIONAL BANK, Addis Ababa

Research Expert (1978-1980), Economic Research & Planning:

* Analyzed banking and monetary policy, international and domestic socio-economic developments; advised on housing finance for the low- income and urban development affairs.

Deputy Manager (1975-1978) of Housing & Savings Bank:

* Policy development and business management with focus on financing incl. budget operations;

Manager (1969-1975) - Savings & Home Ownership Association:

* Determined organizational goals and policies developed financing system and enhanced profitable operations.

ETHIOPIAN AIRLINES (TWA Management), Addis Ababa, Ethiopia (1962-1969)

Director of Personnel Administration:

* Managed human resources functions – recruitment, training and benefits.

* Negotiated with labor unions and resolved management/ employee conflicts.

* Set personnel policies, rules and regulations.

EXHIBIT III

L004

VICE PRESIDENT LEGAL AFFAIRS

Flight One Airline USA

Job Description

JOEL F. TAMRAZ

| |  | |

| | |VICE PRESIDENT LEGAL AFFAIRS |

|Job Title: | | |

|Department: |  |Legal Affairs |

|Reports To: |  |SR. DIRECTOR SYSTEM CONTROL |

SUMMARY

Performs complex legal work and provides authoritative legal advice to President/CEO as directed

ESSENTIAL DUTIES AND RESPONSIBILITIES

The duty is characterized by a variety of legal issues that need to be handled with no supervision. The work is directly related with governments (local/foreign) in areas where Flight one is directly/indirectly involved in addition to the internal organization as set in the organization chart.

CASE PREPARATION AND LITIGATION

Analyzes and determines department’s legal strategy in cases to ensure effective and successful negotiation and litigation; drafts pleadings; prepares briefs and legal arguments; may conduct discovery including taking depositions; conducts sensitive negotiations with other attorneys and their clients; interviews, selects and prepares witnesses including experts for administrative hearing or trial, argues motions and participates in pre-trial or pre-hearing conferences; conducts direct and cross-examination and oral argument in proceedings before appropriate jurisdictional body, which may include jury trials; rearview record and prepares briefs and oral argument in appeals to Supreme Court or other appellate body; may prepare memoranda analyzing factual and legal issues and draft decisions in proceedings before the department.

ADMINISTRATIVE AND ADVISORY.

Provides authoritative legal advice to department management and staff related to both technical and administrative issues; reviews and recommends changes to rule, policy or procedure for conformity with law; recommends rule and statutory changes to department management; drafts proposed legislation and department rules; may conduct extensive research; may draft contracts and leases and review such documents for legality and adequacy; negotiates with state and federal agencies, private individuals and organizations in non-litigation situations; may respond to inquiries fro the media and review statements to be released to the press; may provide training to department staff or others in legal and procedural issues relating to the department’s work.

EXHIBIT III

L004

VICE PRESIDENT LEGAL AFFAIRS

Joel F. Tamraz

Airport Center II

5959 West Century Blvd

Suite 1406

Los Angeles, CA 90045

Executive Summary

Citizenship: USA

Education: BA California State Los Angeles

LLB Loyolla University School of Law

Experience:

1973 – To Date: Trial Lawyer 35 Years

1967 – 1973: Law Office of Hose, Tamraz and Bash

Handled over 30 Jury Trials and several hundred Court Trials covering all aspects and complex business litigations with very high success and track record. Real Estate, domestic relations, corporate and criminal cases were handled with distinction. Supervised attorneys, keeping calendars, cash flow moving to the satisfaction of clients and personnel.

EXHIBIT III

L005

VICE PRESIDENT LEGAL AFFAIRS

Flight One Airline USA

Job Description

JAMES L. BROWN

| |  | |

|Job Title: | |VICE PRESIDENT LEGAL AFFAIRS |

|Department: |  |LEGAL AFFAIRS |

|Reports To: |  |SR. DIRECTOR SYSTEM CONTROL |

SUMMARY

Performs complex legal work and provides authoritative legal advice to President/CEO as directed

ESSENTIAL DUTIES AND RESPONSIBILITIES

The duty is characterized by a variety of legal issues that need to be handled with no supervision. The work is directly related with governments (local/foreign) in areas where Flight one is directly/indirectly involved in addition to the internal organization as set in the organization chart.

CASE PREPARATION AND LITIGATION

Analyzes and determines department’s legal strategy in cases to ensure effective and successful negotiation and litigation; drafts pleadings; prepares briefs and legal arguments; may conduct discovery including taking depositions; conducts sensitive negotiations with other attorneys and their clients; interviews, selects and prepares witnesses including experts for administrative hearing or trial, argues motions and participates in pre-trial or pre-hearing conferences; conducts direct and cross-examination and oral argument in proceedings before appropriate jurisdictional body, which may include jury trials; rearview record and prepares briefs and oral argument in appeals to Supreme Court or other appellate body; may prepare memoranda analyzing factual and legal issues and draft decisions in proceedings before the department.

ADMINISTRATIVE AND ADVISORY.

Provides authoritative legal advice to department management and staff related to both technical and administrative issues; reviews and recommends changes to rule, policy or procedure for conformity with law; recommends rule and statutory changes to department management; drafts proposed legislation and department rules; may conduct extensive research; may draft contracts and leases and review such documents for legality and adequacy; negotiates with state and federal agencies, private individuals and organizations in non-litigation situations; may respond to inquiries fro the media and review statements to be released to the press; may provide training to department staff or others in legal and procedural issues relating to the department’s work.

EXHIBIT III

L005

VICE PRESIDENT LEGAL AFFAIRS

RESUME

JAMES LEONARD BROWN

PROFESSION: ATTORNEY AT LAW [Admitted in California and Nevada]

ADDRESS:

3660 Wilshire Blvd., Suite 1118, Los Angeles, CA 90010

213-251-2322 (Fax 213-251-2333)

PROFILE AND SUMMARY

a) Graduated from University of Missouri at Kansas City, June, 1963 – Bachelor’s degree in Business Administration, Accounting Major.

b) Graduated from University o f Southern California School of Law with J.D. (Juris Doctor) degree in June, 1967.

c) Bar Admissions: Admitted to the California Bar on December 21, 1967, following graduation from the University of Southern California School of Law (J.D.) in June, 1967. Admitted to the Nevada Bar on October 5, 1989. In addition to being admitted by the Supreme Courts of California and Nevada, admitted to the following courts: Supreme Court of the United States; Ninth Circuit Court of Appeals; U.S. District Court, Central Districts of California; U.S. District Court, Southern District of California; U.S. District Court, Northern District of California; U.S. District Court, District of Nevada.

STATEMENT OF RELEVANT EXPERIENCE

James Leonard (“Jim”) Brown is a native of Kansas City, Missouri, where he graduated from the University of Missouri at Kansas City with a degree in Business Administration and Accounting. He graduated from the University of Southern California School of Law and began practicing in California in 1968, concentrating in civil, business and litigation, including litigation concerning employment discrimination and insurance bad faith. In 1989 he was admitted to the Nevada Bar in 1990 opened up the Las Vegas firm of Asberom & Brown with Las Vegas law partner, Mona Asberom. Mr. Brown divides his time between Las Vegas and Los Angeles.

In his more than 30-years of practice, Brown has tried numerous cases to judgment or jury verdict in the state and federal courts including cases involving employment discrimination, insurance bad faith, injury and wrongful death. He has obtained more than $10 million in settlements and judgments, including a $6 million federal court judgment obtained in a commercial real estate case that was reported in the December 1994 issue of “Trials Digest”. Recently, Mr. Brown obtained a $2.2 million jury verdict in a hostile work environment employment case on behalf of a victim of anti-Semitism. Mr. Brown is a member of the “Million Dollar Advocates Forum”, membership of which is limited to trial lawyers who have demonstrated exceptional skill, experience and excellence in advocacy by achieving a trial verdict or settlement in the amount of one million dollars or more.

Since July, 1998, Mr. Brown has served as a federal chapter 7 bankruptcy panel Trustee.

EXHIBIT III

T005

GENERAL MANAGER TECHNICAL OPERATION

Flight One Airline USA

Job Description

LOC NGUYEN

| |  | |

|Job Title: | | |

| | |GENERAL MANAGER TECHNICAL OPERATION |

|Department: |  |COMMUNICATION |

|Reports To: |  |DIRECTOR COMMUNICATION |

SUMMARY

Assists in the execution of the functions of information technology, network administrator, imaging systems administrator, information technology auditor, technical and web operation

Assists in the execution of system communication set up of Flight One Airline

Assists in the complete set up of the real time communication system with multi faceted alternate back-ups.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Ensures that the goal and objective of Flight One Airline remains as nearly a paperless managed airline system.

Ensures that all aspect of Flight One Airlines operation will be digitally recorded and imaged.

That duplicate data system of all imaged activities will be archived and made available to all concerned governmental authorities for security reasons.

Assists directs organizes, plans, and controls all Flight One Airline USA’s electronic functions, including systems and programming, computer operations, phone operations, and related vendor relationships.

Assists. Establishes, implements, and administers divisional policies and procedures.

Assists performs and manages all hardware, software, and equipment purchases and maintenance per the MP & P Manual (Management Policy and Procedures Manual) of Flight One Airline USA.

Assists, directs, plan and performs for immediate/ future technological innovations/advances and the development and implementation of the company’s IT strategic plans.

Provisions continually directs and plans for disaster recovery planning and mitigation strategies.

Continually monitors technical and processing priorities and methods.

Trains, directs, and supervises department Vice Presidents and subordinates as directed by Director System Controls.

Maintains smooth operations of all company network, systems, and application.

Directs, technical support to users as needed.

Diagnoses and resolves connectivity problems, and monitors system security, backup and virus protection.

Directs, evaluates, recommends, and implement network software and hardware, and the development of IT strategies and policies.

Maintains professional business relations with clients and outside contacts

Oversees all aspects of record imaging, scanning operations, and document storage and retrieval.

Ensures that records are stored and retained in accordance with the policies of Flight One Airline USA Management Policy and Procedures Manual meeting Government regulations.

Keeps imaging systems operational for use by Flight One Airline USA employees.

Keeps abreast with imaging system technologies and makes the changes with the existing system of operations.

Trains personnel on system utilization and provides support and suggestions to expedite the work patterns of Flight One Airline.

Completes assigned work, maintains files, and performs miscellaneous duties in electronic/digital formats in a timely fashion.

Reviews information technology operations for evidence of fraud, control deficiencies, errors, or noncompliance with established policies.

Audits applications and automated procedures

Acts as an IT system consultant and provides recommendation for changes in procedures, policies, documentation, or programs

Prepares work papers, reviews methods, and writes recommendation.

Assists with financial and operational audits.

Assists with financial and operational audits

Writes programs and assist with implementation information technology audit procedures

Assists in the development of the company’s online services including the Internet home page, PC access, and online ordering functions.

Assumes primary responsibility for designing and updating the company’s website.

Provides support in the expansion on online products and promotes increased use of computer service among customers.

Provides technical support to customer, answer-incoming call, troubleshoots problems.

Provides information, and answers questions

Provides assistance to area personnel and notifies management of significant problems

Stabilizes system environment

Re engineers infrastructure and scaled system of operation of use to e ticketing, station handling, sales undertaking and customer use.

Design and build new IT information service organization for approval and execution.

Evaluate bar code information for baggage, freight, mail, small packages and tracking system using web-based technology.

Develop claim components and control systems.

Outsource data center and external network with new and existing vendors as required.

Establish strategic direction in line with corporate goal and build IT infrastructure to execute the strategies.

Train all staff and GSA’S.

Establish load and yield procedure as directed from time to time.

Establish a flawless communication set up within the Flight One Airline USA system network of operations

Creates frames for work data templates to enhance the operation of Flight One Airline as depicted in the MP &P Manual

EXHIBIT III

T005

GENERAL MANAGER TECHNICAL OPERATION

Loc Nguyen

Executive Summary

(972) 567-6590 or (972) 781-2009

Citizenship: US Citizen

Professional Summary

• President & CEO of Vquest Inc.

• President &CEO of TelecomSG Inc.

• President & CEO of SoftGraph Inc.

• Vice President and Co-Founder of Digital Application Interfaces Inc.

• More than 20 years experienced in development skills and lead/manager.

• Experienced with full life cycle development, including design and development of several commercial software products.

• Able to manage teams and developers and coordinate with multiple stakeholders for implementation of projects.

• Strong telecommunications knowledge. Strong Unix experience with all variety of UNIX platforms.

Employment History:

Aug 2002 – Present

President & CEO of Quest Inc.

Lead a team of engineers working on the Wireless Protocol Advisor (WPA) application. This is a real-time and multitasking application dedicated software for GSM/GPRS, CDMA2000 and SS7 signaling networks and capable of testing over 200 wireless protocols. The works range from scheduling, problem analysis, design, test, installation, as well as on-site support the customers

Sept 1996 – Aug 2002

President & CEO of TelecomSG Inc.

Provide software consultants for the telecom industry such as:

■ Agilent

■ Sonus - Telecom Technologies Inc.

■ MCI WorldCom

■ Alcatel - DSC Communications Inc.

■ NEC

■ Tandem Telecom



Lead a team of engineers working on the FASTest Automation System. This software application provides a tool that allows the automatic verification of signaling protocols, call processing scenarios and billing. It supports simultaneous testing of SS7 links, ISDN and Per Trunk Signaling circuits. The works range from scheduling, problem analysis, design, test, installation, as well as on-site support the customers.

Sept 1996 – Aug 2002

• President & CEO of SoftGraph Inc.

■ Founder of the software consulting firm

■ Design, develop, and maintenance the Virtual Data Delivery System (VDDS)

June 1989 – March 1995

• Vice President & Co-founder of Digital Application Interfaces Inc.

■ Joint forces with NEC of America in architect, design, and develop software solutions for the ATM Broad Band Network Management System.

■ Architect, design and implement the first utilities pay by credit cards system for GTE

■ Provide the consulting services for:

• NEC Of America

• Glenayre – CNET

• GTE

• Inter Voice

April 1982 – Sept 1989

Senior Software Consultant

Various positions from programming to management

Education:

B.S of Electrical Engineering at UT Arlington, Texas

Honor & Associations:

Dean’s List, Member of Tau Beta, Etakapanu, Teaching Assistant

EXHIBIT III

W005

GENERAL MANAGER WEB OPERATION

Flight One Airline USA

Job Description

PAUL VALLADARES

| |  | |

|Job Title: | |GENERAL MANAGER WEB OPERATION |

|Department: |  |COMMUNICATION |

|Reports To: |  |DIRECTOR COMMUNICATION |

SUMMARY

Responsible for directing, coordinating maintaining and controlling the web infrastructure client-server system to meet the goals/objective of Flight One Airline USA.

Designs, controls and implements integrated communication frames/templates for clients the management and staff as outlined in the MP & P Manual.

Designs application for quick and easy use that properly reflects the communication position of Flight One Airline USA.

Monitors Department policies and procedures and recommends improvement, consults, participates in establishing and implementing major goals and objectives and serves as resource in all aspects of communication.

Ensures accurate internal and external recording and reporting of communication exchanges.

Ensures that the web designs are in accordance with established legal, regulatory, and company procedures.

Assigns, directs, and appraises all relevant functional methods of communication functions as needed.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Assumes responsibility for the planning, development, and implementation effective web design strategies, policies, and procedures.

2. Assumes responsibility for the effective preparation, maintenance, and reporting of internal and external web design functionality records and analyses.

3. Assumes responsibility for overseeing daily operation and performing administrative functions for the web communication department.

4. Assumes responsibility for establishing and maintaining effective communication and cooperation with company personnel, departments and management.

5. Assumes responsibility for establishing and maintaining effective business relations with vendors, outside auditors and regulators, and professional trade groups.

6. Effectively supervises the manpower requirement for optimal performance.

7. Assumes responsibility for related duties as required and assigned.

EXHIBIT III

W005

GENERAL MANAGER WEB OPERATION

Paul Valladares

4328 West 179th Street

Torrance, CA 90504

(310) 921-2973

paulvalladares@

Professional Data

-----------------

1998 - Current Senior Programmer Analyst for Unified Western

Grocers, City of Commerce. Responsible for

financial member adjustment client-server system.

Designing ODBC applications to Informix database

backend using Visual Basic and stored procedures.

Design UNIX scripts to format and ftp files between

UNIX, main frame MVS system, and MS NT platform.

Design, implement and support MS Access reporting

applications. Project manager in migrating Oracle8

(Release 8.0.5) to Informix 7.1.

1995 - 1998 Programmer Analyst for Viatron Systems, Inc.,

Torrance. Client-server customization using Visual

Basic and various document imaging controls such

as KODAK and FileNet. COLD conversions and database

migration from Betrieve to MS SQL. Provided training

and support to customers.

1990 - 1995 Technical Support Specialist for Citizen America Corp.,

Santa Monica. Responsibilities included technical,

support, testing products, and designing in-house Visual

Basic applications. Responsible for designing, implement-

ing and managing the company's electronic bulletin board

system.

Experiences

-----------

Programming Languages Visual Basic 6, ASP, Ms Access 97/2000,

UNIX scripts, JSP with Allaire Jrun web server.

ASP, ActiveX and HTML demonstration available at



Databases Informix UNIX 7.1, stored procedures, Oracle8, MS SQL,

MS Access 97/2000.

Operating Systems Windows NT/2000/95/98, UNIX HP.

Academic Data

-------------

1988 - 1990 Bachelor of Science degree in Management

Information Systems at California State

University Dominguez Hills, Carson.

EXHIBIT III

F004

VICE PRESIDENT FINANCE

Flight One Airline USA

Job Description

GARY OSTERBERG

| |  | |

| | | |

|Job Title: | |VICE PRESIDENT FINANCE |

|Department: |  |FINANCE |

|Reports To: |  |SR. DIRECTOR SYSTEM CONTROL |

SUMMARY

Responsible for directing, coordinating maintaining and controlling an accounting system that properly reflects the financial position of Flight One Airline USA. Monitors Department policies and procedures and recommends improvements, consults with President/CEO, participates in establishing and implementing major goals and objectives and serves as resource in all aspects of accounting. Ensures accurate internal and external recording and reporting of financial transactions. Oversees budgeting, general ledger, accounts payable and receivable, payroll, fixed asset management, etc as necessary. Ensures that accounting actives are in accordance with established legal, regulatory, and company procedures. Assigns, directs, and appraises accounting staff.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Assumes responsibility for the planning, development, and implementation effective accounting strategies, policies, and procedures.

2. Assumes responsibility for the effective preparation, maintenance, and reporting of internal and external financial records and analyses.

3. Assumes responsibility for overseeing daily operation and performing administrative functions for the accounting department

4. Assumes responsibility for establishing and maintaining effective communication and coronations with company personnel, departments and management.

5. Assumes responsibility for establishing and maintaining effective business relations with vendors, outside auditors and regulators, and professional trade groups.

6. Effectively supervises accounting personnel, ensuring optimal performance

7. Assumes responsibility for related duties as required and assigned

EXHIBIT III

F004

VICE PRESIDENT FINANCE

RESUME

Gary Richard Osterberg, CPA

4105 EAST BROADWAY SUITE 300

LONG BEACH CALIFORNIA 90803

Gary Richard Osterberg CPA was admitted as a California CPA in 1984. He is a graduate of Northeastern University in Boston and a Big Four CPA firm alumnus.

In 1984 he was responsible for 70 results team members at the Los Angeles Olympic Games. Mr. Osterberg ensured accurate timing of world officials and verified placement for Olympians at Rowing and Canoeing venue. Additional duties required reporting such results to news wires and interfacing with the world media.

During the late 1980’s and early 1990’s Mr. Osterberg was affiliated with the Los Angeles Raider Football Team and employed by the National Football League. Responsibilities included operating the 40-second game play clock at the Los Angeles Coliseum for all Raider home games and directing visiting field officials on Coliseum procedures.

In 1986 he founded Osterberg & Associates, Inc a Certified Public Accounting firm. They specialize in providing entrepreneurial guidance to privately held businesses. Offering a wide range of services include accounting analysis, tax planning and compliance, developing strategies to maximize profitability, securing financing for assets or real estate acquisition, selection and implementation of new accounting software, audit representation and providing recommendations relative to new areas of growth.

In 1995 Mr. Osterberg founded the first company to secure exclusive advertising licensing agreements with ATM owners on a national basis, thus allowing advertisers the opportunity to display their advertising messages on ATM machine video display screens. Clients include, BellSouth, 1(800) Flowers, Exxon, Winn-Dixie… In 1998 he merged the company to acquire the ability to transmit advertiser messages not only to ATM cash machine video screens, but also display screens both within and mounted above gas pumps. Participants include, Shell Oil and Texaco.

Mr. Osterberg is on the Board of Directors for several Southern California companies and has been a guest on several television programs sharing his expertise in the field of taxation and business structures. Since 1984 he has been a member of the American Society of Certified Public Accountants and the California Society of Certified Public Accountants.

EXHIBIT III

T004

ASSOCIATE TECHNICAL SERVICES

Flight One Airline USA

Job Description

| |  |GREGORY DOMENO |

| | | |

|Job Title: | |ASSOCIATE TECHNICAL SERVICES |

|Department: |  |TECHNICAL SERVICES |

|Reports To: |  |SENIOR DIRECTOR SYSTEM CONTROL |

SUMMARY

The vice president of technical services is responsible for the engineering function. The vice president ensures that the department conforms to the company quality and control system procedures as documented.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Controls the monitors that leased equipment/aircraft perform in a timely fashion.

Monitors that leased equipment/aircraft follows agreed maintenance and procedures as outlined in agreement

Monitors and supervises that leased aircraft strictly follows the guidelines/rules regulations of the FAA and foreign aeronautical authorities maintenance procedures.

Monitors delays at all served domestic and international destinations of Flight One Airline.

Reports all irregularities and has the authority to accept/reject condition of operation per set agreements with lessors of aircraft.

Works closely with ground handling authorities of online served destinations of Flight One Airline.

Works closely with control towers personnel of online served destinations of Flight One Airline.

Works closely with other airlines technical personnel at online Flight One Airline destinations.

Closely works and communicates with Vice President Digital Flight Operation Division.

Closely works and coordinates activities with marketing division of Flight One Airline.

The department is not responsible to work on leased aircraft.

Employs the services of outside technical/ground handling and other organizations to handle and supervise the performance of lessor of aircraft.

EXHIBIT III

T004

ASSOCIATE TECHNICAL SERVICES

Gregory J. Domeno

350 S. Crenshaw Blvd.

Suite A201

Torrance, CA 90503

(310) 783-1990

WORK HISTORY

December 1992 to Present:

President & CEO, Cyberverse, Inc., Torrance California

September 1990 to December 1992

Computer Lab Technician, El Camino College, Redondo Beach California

June 1986 to September 1990

Store Manager, Domeno & Associates 7-11 Stores, Los Angeles, California

June 1976 to September 1983

Clerk, Domeno & Associates 7-11 Stores, Los Angeles, California

EDUCATION

September 1990 to June 1993

Post Graduate Study, Computer Science, Long Beach State,

Long Beach, California

September 1986 to June 1989

Post Graduate Study, Computer Science, El Camino College,

Redondo Beach, California

September 1983 to June 1986

Bachelor of Arts, Psychology, University of California,

Santa Barbara, California

September 1980 to June 1983

Undergraduate Study, El Camino College,

Redondo Beach, California

September 1976 to June 1980

Graduate, Hawthorne High School, Hawthorne, California

EXHIBIT IV

FLIGHT ONE AIRLINE USA

Financial Position and Operating Plans

Set forth this Exhibit are the following items which reflect Applicant’s forecasted current financial position and operating plans:

Schedule A. Flight One Airline USA Flight Schedule

Schedule B. Forecast Income Statement

First 12-month period

Schedule C. Projected Income Statement

First quarter of operation

Schedule D Income Statement

Forecast First 12-month of operation

Schedule E. Pre-operating Cost Assumptions

Three months prior to service initiation

Schedule F. Pre-operating cost assumption first year .

Schedule G First Year flight operations

Summary, Statistics and Income Statement

Schedule H Revenue Forecast

Schedule I Revenue Assumptions first weekly flight

First year of flight operation

Schedule J Revenue Assumptions second weekly flight

First year of flight operation

Schedule K Revenue Assumptions third weekly flight

First year of flight operation

Schedule L Expense Assumptions

Schedule M Expense Assumptions of A/C Lessor

Schedule N Projected Balance Sheet as of the end of 1st twelve months of operation

Schedule A - Details the Flight Schedule of Flight One Airline USA and equipment routing chart.

Schedule B - Details the forecast Income Statement of the Applicant’s first full year of revenue operations. It is based upon estimated operating revenues and expenses. This Schedule also sets for the key operating statistics related to operations during the year. The forecast envisages a fully allocated profit of 29 million dollars.

Schedule C - provides the detailed projected income statement forecast from Applicant’s operation for the first three months. This depicts a fully allocated profit of 9 million dollars.

Schedule D - shows projected income statement and cash surplus on a monthly basis for Applicant’s operation for one year.

Schedule B, C and D - contains Applicant’s statement with respect to the financial resources required to meet the Department’s capitalization rules and Applicant’s arrangements for obtaining such resources from sales via support economy principle at sources of markets.

Applicant is a fully allocated wet lessee of aircraft from a certified USA carrier that has already met all the requirements including the three month zero revenue tests.

Under this condition, Applicant will have sold the first and second month’s flight seats between three and fourteen days prior the commencement of its first scheduled services and it does not pause risk to lessor of aircraft or the traveling public.

Revenue received from customers will be deposited in a trust account. Additionally each passenger will be advised of the opportunity to buy trip cancellation/interruption insurances, as our confirmed seats once sold are non-refundable. In the unlikely event of flight cancellation the necessary alternate flight arrangement will be made with other airlines to fulfill contract or make immediately refund, - whichever the customer elects.

Schedule E - is a compilation of zero pre operating cost forecast - prior service initiation, for the first three months, as this expense will be covered by appointed General Sales Agents hereafter referred as GSA and Aquarius Travel for the right to represent Flight One Airline USA for a period of three years per Commercial Agreement.

Schedule F is the summary of pre operating assumption for the first year

Schedules G – N are all self explanatory.

• Applicant has no liens or encumbrances.

• Applicant has no past due obligations.

• Applicant has no contingent liabilities.

Notes:

1. Applicant’s management prepared all Schedules shown above.

2. The inter-state traffic between

a. Dakar – Accra (vv)

b. Dakar – Lagos (vv)

c. Dakar – Abidjan (vv)

d. Abidjan – Accra (vv)

e. Abidjan – Lagos (vv)

f. Accra – Lagos (vv)

has the capacity to generate additional passenger traffic and revenue that are not included in the forecast.

3. A freight of 15,000 lbs has been included in the traffic forecast to areas where traffic right warrants. These could be in the form of small packages, excess baggage or regular freight.

| | | | | | |

| | | |FLIGHT ONE | | |

| | | |AIRLINE USA | | |

| |PASSENGER REVENUE | | | $ 63,000.00 |

| |OTHER REVENUE | | | | $ 9,000.00 |

| | | | | | | |

| |TOTAL | | | | | $ 72,000.00 |

| | | | | | | |

| | | | | | | |

|EXPENSE | | | | | |

| |FULLY ALLOCATED WET LEASE | | $ 36,000.00 |

| | | | | | | |

| |G&A AND ALL OTHERS | | | $ 3,000.00 |

| | | | | | | |

| |GENERAL SALES | | | | |

| |AGENCY COMMISSION | | | $ 4,000.00 |

| | | | | | | |

| |TOTAL | | | | | $ 43,000.00 |

| | | | | | | |

| | | | | | | |

|FULLY ALLOCATED PROFIT (LOSS) | | $ 29,000.00 |

NOTES:

Other Revenue 1. Freight, Mail, Small Packages, Excess Baggage Charges

Expense 2. FLIGHT OPERATIONS/G & A expense includes the projected unpaid first three months cost due to be paid 30 days after end of first year of flight operation per Commercial Agreement

3. GENERAL SALES AGENCY COMMISSION expense includes the projected unpaid first three months cost due to be paid 30 days after end of first year of flight operation per Commercial Agreement

4. All figures haven been rounded to the nearest thousand

EXHIBIT IV

SCHEDULE C

FLIGHT ONE AIRLINE USA

PROJECTED INCOME STATEMENT

FIRST QUARTER OF OPERATION

(thousands)

| | | | | | |1ST MONTH |2ND MONTH |

| |OTHER REVENUE | | | | 750.00 | 750.00 |

| |FLIGHT OPERATIONS | | | 3,000.00 | 3,000.00 | 3,000.00 | 9,000.00 |

| |G & A | | | | | - | - |

| | | | | | |

NOTES:

Other Revenue 1. Freight, Mail, Small Packages, Excess Baggage Charges

Expense 2. Expense does not include G & A and other expenses that will be paid 30 days from

end of first year of operation per Commercial Agreement

3. Aquarius Travel to administer the G & A expense as necessary for the period of 90 days for the right to represent Flight One Airline for three years

4. All GSA’s first three months commissions will be paid 30 days after the end of the first year of operation per Commercial Agreement

EXHIBIT IV

SCHEDULE D

FLIGHT ONE AIRLINE USA

INCOME STATEMENT

FORECAST FIRST TWELVE MONTHS OF OPERATION

(thousands)

|SURPLUS CASH FORECAST FOR ONE YEAR | | | | | | |

|EXPENSE | | | | | | |

| | | | | | | |

|Flying Operations | |NA |NA |NA | |NOTES on 'NA': |

|VP Ops; Chief Pilot | |NA |NA |NA | |Please refer to |

|Training | |NA |NA |NA | |SCHEDULE M. |

|Aircraft Rentals | |NA |NA |NA | | |

|Landing Fees | |NA |NA |NA | |These costs are borne |

|Fuel | |NA |NA |NA | |by Lessor of aircraft as |

|Charts & Manuals | |NA |NA |NA | |they are included in the |

|Weather Service | |NA |NA |NA | |payment block hour cost |

|Dispatch | |NA |NA |NA | | |

|Uniforms | |NA |NA |NA | | |

|Miscellaneous | |NA |NA |NA | | |

|Total Flying Operations | |NA |NA |NA | | |

| | | | | | | |

|Maintenance | |NA |NA |NA | | |

|VP Maintenance; DOM; DQC | |NA |NA |NA | | |

|Third Party Provider | |NA |NA |NA | | |

|Maintenance Reserves | |NA |NA |NA | | |

|Total Maintenance | |NA |NA |NA | | |

| | | | | | | |

|Passenger Service | |NA |NA |NA | | |

|Station Managers | |NA |NA |NA | | |

|Stations Expense | |NA |NA |NA | | |

|Miscellaneous | |NA |NA |NA | | |

|Total Maintenance | |NA |NA |NA | | |

| | | | | | | |

|Wet Lease Aircraft MD 11 | | | | | | |

|Fully allocated (000) | | | | | | |

|Sales & Reservations | | | | | | |

|Dir digital reservation | | | | | | |

|Reservations Personnel | |0 |0 |0 |0 | |

|Startup Advertising | |0 |0 |0 |0 | |

| | |0 |0 |0 |0 | |

|General & Administrative | |0 |0 |0 |0 | |

|President/CEO | |0 |0 |0 |0 |Cont… |

|VP Flight Operation/Pilot | |0 |0 |0 |0 | |

|Dir. Digital Operation | |0 |0 |0 |0 | |

|VP GSA Contemporary | |0 |0 |0 |0 | |

|VP Finance | |0 |0 |0 |0 | |

|VP Marketing | |0 |0 |0 |0 | |

|Dir. Of Maintenance | |0 |0 |0 |0 | |

|Dir. Of Quality Control | |0 |0 |0 |0 | |

|Dir. Of Safety | |0 |0 |0 |0 | |

|VP Legal Affairs | |0 |0 |0 |0 | |

|VP Of Finance | |0 |0 |0 |0 | |

|VP of Administration | |0 |0 |0 |0 | |

|Bookkeeping Service | | | | | | |

|Space Rental | | | | | | |

|Telephone | |0 |0 |0 |0 | |

|Communication | |0 |0 |0 |0 | |

|Travel | | | | | | |

|Professional Services | |0 |0 |0 |0 | |

|Miscellaneous G & A | | | | | | |

|TOTAL EXPENSE | |0 |0 |0 |0 | |

| | | | | | | |

Notes:

Digital Reservation, startup advertising, allocation of space, travel and miscellaneous expense will be borne by GSA’S during the first three per-operating months of flights.

Aquarius Travel undertakes the G&A and GSA function of Flight One Airline per Commercial Agreement three-months prior to initiation of scheduled air services.

EXHIBIT IV

SCHEDULE F

FLIGHT ONE AIRLINE USA

PRE-OPERATING COST ASSUMPTIONS

FIRST YEAR

| | |Month |

| | | |

| | | |

| | | |

| | | |

EXHIBIT IV

SCHEDULE N

FLIGHT ONE AIRLINE USA

PROJECTED BALANCE SHEET

AT THE END OF FIRST TWELVE MONTHS OF OPERATION

ASSETS

|Current Assets | | | | |

| | |Cash in Bank |45,561 | |

| | |Short Term Investments | | |

| | |Total Current Assets | |45,561 |

| | | | | |

|Fixed Assets | | | | |

| | |Equipment |20 | |

| | |Furniture |8 | |

| | |Vehicles |45 | |

| | |Accum Depreciation |(10) | |

| | |Total Fixed Assets | |63 |

| | | | | |

|Other Assets | | | | |

| | |Intellectual Property |2,200 | |

| | |Start Up Costs | | |

| | |Accum Amortization | | |

| | |Total Other Assets | |2,200 |

| | | | | |

| | | | | |

| | | | |47,824 |

| | | | | |

| | |LIABILITIES | | |

| | | | | |

|Current Liabilities | | | | |

| | |Accounts Payable |1,561 | |

| | |Customer Deposits |15,000 | |

| | | | |16,561 |

| | | | | |

|Capital | | | |31,263 |

| | | | | |

| | | | | |

| | | | | |

| | | | |47,824 |

| | | | | |

| | | | | |

EXHIBIT V

FLIGHT ONE AIRLINE USA

Narrative History/Plan of Operations

APPLICANT’S BUSINESS

Applicant was organized for the purpose of establishing and operating an airline serving the United States and Africa.

With nearly four decade of experience in the African air transport market, and pioneering in the establishment of most of the significant air route structure and hub centers of the continent, the time is now ripe for the Applicant to consolidate and undertake the creation and operation of the finest United States Airline in the industry capable of being quoted as one of the best using new, different and innovative system of business undertaking..

Applicant plans to commence flight operations on June 15, 2004 with one leased aircraft, MD 11 from a certified USA carrier.

The initial plan of service involves a thrice-weekly frequency service on

A. The New York - Dakar (Senegal) - Accra (Ghana) - Lagos (Nigeria) and non-stop return service from Lagos (Nigeria) to New York.

B. The New York Dakar (Senegal) Abidjan (Ivory Coast)- Accra (Ghana) –Dakar (Senegal) – New York and

C. The New York –Dakar (Senegal)-Accra (Ghana)-Lagos (Nigeria) and non-stop return service from Lagos (Nigeria) to New York.

General

Much of the air service that is presently available between USA and Africa is characterized by a combination of high fares and lengthy layovers at European airports with its associated problems such as visa, customs, change of terminal, airports and specific baggage handling requirements etc…unfit for a traveler half way on his/her long journey(s).

Applicant believes and knows first hand that these conditions have caused potential customers not to travel at all.

Applicant intends to offer airfares in these markets that are lower than the historic fares.

Applicant will have direct air services that will attract and tap the huge air transport market - unattended by US scheduled airlines.

Applicant believes that the methods of marketing via GSA’S with the necessary promotions on the grass root level in USA and Africa it will support the low fare strategy.

Specific

Included in the major air transport potential passenger market for Flight One Airline are the following:

▪ True origin and destination traffic from Anglo America to Africa

▪ True origin and destination traffic from Anglo America to Asia/Australia

▪ Origin and destination traffic from Anglo America via Africa to Europe

▪ Round the world traffic in the easterly direction

And

• True origin and destination traffic from Africa to Anglo America

• True origin and destination traffic from Asia/Australia to Anglo America

• Origin and destination traffic from Europe via Africa to Anglo America

• Round the world traffic in the westerly direction

Each and all of the above market will complement the USA – AFRICA - USA route system of Flight One Airline by providing an alternate choice at all times.

Our passenger load forecast will be accomplished by creating:

1. A simple product design

2. Utilizing inexpensive leased aircraft including facilities and contract services with cross-trained and motivated workforce

3. Using digitally controlled web based

• information,

• reservation,

• electronic ticketing,

• imaging and seat confirmation systems.

4. Applicant will offer a limited number of flight choices.

5. Applicant does not intend to offer frequent –flyer program, advance seat assignments, meal services, city ticket offices or other amenities.

6. Applicant does not plan to interline with other airlines. Savings resulting from this operating philosophy will be passed on to the passenger in the form of lower fares.

7. A near paperless operation of an airline is envisioned.

Basic Premises and Assumptions:

• The President/CEO and staff will operate the business of Flight One Airline on a self sustaining basis.

• The System Vice President of Digital Flight Operation and his staff under direct/delegated authority from the President/CEO of Flight One Airline will control, monitor and actuate the smooth operation of the digital communication system.

• Sufficient redundant systems will be established to avoid interruption of the system communication.

• This system will be made available through a secured server(s) and password for every person of the organization as set forth in the Management Policy and Procedure Manual.

Structures and Organizational Set Up

• The Marketing Division is the core of Flight One Airline. All other divisions are the support that will enable it to function.

• Marketing Division has the System General Sales Agent, Regional General Sales Agents and Individual Sales Agents that are independent sales contractors or consolidators.

• Aquarius Travel located in Los Angeles (USA) is the System General Sales Agent for Flight One Airline. It is directly responsible for the activities of all Regional and Individual Sales Agents or consolidators worldwide. Full power of attorney has been granted by Flight One Airline (A division of Laser Archives Inc. A Nevada USA Corporation) for the purpose. Aquarius travel has given all its existing marketing data and other data for the exclusive use of Flight One Airline.

In this arrangement Flight One Airline has been authorized to use all the physical and other tools of trade of Aquarius Travel for its operation.

The marketing and economic investment from Aquarius Travel will be considered that of Flight One Airline.

• Pioneer Aviation located in Addis Ababa (Ethiopia) is the designated regional General Sales Agent and Individual Sales Agents or consolidators for Africa.

• The audit firm of Tesfaye and Co INC, Certified Chartered Accountants and Auditors (London) will control the sales in the Africa Region.

ORGANIZATIONAL SET UP

The inter management line of command are contained in the Management Policy and Procedures Manual of Flight One Airline.

SALES SET UP

1. Sales in the USA and Canada

Web based reservation and sales will be conducted over the internet using secured servers with redundant backup.

System General Sales Agent, Individual Sales Agents or Consolidators using a computer that has the image capturing/storing and transmission capability.

Revenue received will be deposited into a trust account set for the purpose. Detailed information will be made available to customers buying direct or from general/independent sales contractors.

Independent contractors will be selected and appropriate on line training will be conducted in a timely fashion.

2. Sales in Africa

Independent sales agents will be selected out of our existing listings at all African planned served or offline at economic, political, educational, recreation etc... hub centers, as approved by the System and Regional General Sales Agents.

All legal and governmental relations will be handled by the appointed Regional GSA per the Management Policy and Procedures Manual of Flight One Airline.

3. Sales at other offline destinations

As demand justifies economic undertakings, additional appointment of independent GSA’S and Sales Agents will be made.

FLIGHT ONE AIRLINE USA

Operation Center

President/CEO and staff will plan, coordinate and execute the operation of its schedules with the state of the art in house flight control, reservation, technical, administration finance and marketing system.

As the flight operation and all technical aspects of the airline operation are undertaken by lessor(s) of the aircraft, most of the work of Flight One Airline’s office, (online and offline) will be focused on marketing coordination and service.

As service is our only product, all key position holders will coordinate and harmoniously work to achieve the goals and objectives of Flight One Airline as directed by the President/CEO in line with the job description.

THE MARKET AND COMPETITION

Applicants, flight schedule, and promotional activities will be initially focused at the ethnic African hub centers of New York, Boston, the Washington, D.C. area, Chicago, Los Angeles, San Francisco, Huston, Miami, Atlanta, Montreal, Vancouver, Ottawa, and Toronto etc… in North America.

The targeted market segments are:

• Visit friends and relatives

• Business in Africa.

• New way around the world

• We are changing the way the world travels

Applicant intends to sell the airline seats directly to the customer whenever possible.

Applicant believes that the cost structure will permit it to retain its low fares.

Applicant low fares and its heavy reliance on direct marketing to its potential customer base are expected to generate more than sufficient customer acceptance to enable applicant to maintain the projected revenue as shown in the Exhibits.

AIRCRAFT

Applicant is in the process of negotiating with owners and lessors of aircraft for one MD-11 on fully allocated wet lease basis. It is anticipated that the aircraft will meet the scheduled operation herein exhibited in a timely fashion. Applicant plans to configure the aircraft with 360 coach seats.

Flight One Airline has the option to substitute from competing certified US air carriers or airlines same/similar aircraft should the economic benefit justifies the undertaking.

MAINTENANCE

Routine daily maintenance will be performed by lessor of aircraft.

The ticket counter, gates and airport office facilities at each of the airports that applicant will serve are expected to be leased from the appropriate airport authority by the lessor of aircraft.

Such arrangements will include baggage handling, station operations, cleaning, and other services.

If such facilities are not available to applicant via the lessor at acceptable rates, then applicant may elect not to serve such locations.

AUTOMATION

Applicant will utilize computerized systems whenever possible, including a customized computer reservation system.

All of the airline’s seat sales will be electronic with the customer receiving a confirmation number rather than a traditional airline ticket.

Applicant will not participate in airline industry collection agent for travel agency sales or the Airline Reporting Corporation (ARC).

GSA’s are responsible for ensuring the complete transactions are undertaken prior to issuing reservations record locators per the management’s Policies and Procedures Manual of Flight One Airline USA.

FUEL

Applicants’ A/C lessor has conducted and has experience with various suppliers of fuel at all scheduled served destinations. Lessor of aircraft has not entered into any agreements for such purchase of fuel pending the finalization of authority to operate by Applicant.

MANAGEMENT PERSONNEL

The organization chart depicts President/CEO with Vice President Flight Operations and Director GSA Contemporary directing and assisting as the epicenter of the organization.

Vice President Administration, Vice President Finance, Legal Department, Vice President Marketing and Vice President Technical Services will operate the system organization of Flight One Airline in an efficient and smooth manner.

Flight One Airline does not intend to hire pilots, mechanics, quality control inspectors or flight dispatchers per agreement that lessor of aircraft will supply same.

It is applicant’s belief that there are sufficient pools of qualified and licensed pilots, dispatchers and mechanics that will fill required applicants need in the areas where coordination and facilitation are required.

The importance of marketing via the grass root system of operation (Individual/business and other economic undertaking) follows the new concept of Support Economy.

A concept that has entered via digital communication replacing old capitalism that relies only on production and not the market itself.

EXHIBIT V

ADDENDUM I

FLIGHT ONE AIRLINE USA

Digital Flight Operation

We have designed and developed a near paperless office to run our Flight One Airline.

Basic Assumption:

1. All Flight One Airline operations will conduct its business activities via real time digital communication.

2. All employees and independent contractors will have a set(s) of computer(s) capable of interfacing, imaging and establishing communication with the division of Digital Flight Operation’s Central System Control Department to function properly as outlined in the Management Policy and Procedures Manual hereafter referred as MP&P Manual. (Management Policy and Procedural Manual).

3. The Central System Control Department will have the capability to communicate in real time with all divisions staff and independent contractors of Flight One Airline per format outlined in the MP&P Manual. (Management Policy and Procedural Manual).

Departmental Operations Guide and numbering codes.

Vice President Marketing staff and Independent Contractors.

Real time (audio/video/image/data etc…) using the state of the art IT/Satellite and or other duplicate/support system will be used to maintain continuous communication.

Access secured codes and departmental/locators are assigned to all staff and independent contractors.

Priority codes will be assigned for each start and end of communication (Eg. SSS will mean emergency, SS1 will mean very urgent, SS2 will mean urgent). All are outlined in the MP&P Manual. (Management Policy and Procedural Manual).

All sales undertakings will conform to given electronic framework format for each sale or group of sale.

• Name of customer(s)/Group(s)

• Address

• ID Government issued/Passport

• Video capture of transaction

• Picture of Customer

• Form of payment with close up view of customer at signing of card.

• Video clip at time of signing and acceptance of record locator/reservation

As outlined in the MP&P Manual of Flight One Airline. (Management Policy and Procedural Manual).

4. All captured information is simultaneously communicated to System Central Control at Digital Flight Operation for processing and access to the department of Space and Yield Control, Reservation, Customer Relation, Technical Services, Quality Control, Safety Engineering and the staff of as outlined in the MP&P Manual (Management Policy and Procedural Manual) of Flight One Airline.

Station Managers

5. All served destinations such as New York, Dakar (Senegal), Abidjan (Ivory Coast), Accra (Ghana) Lagos (Nigeria) will have Station Managers assigned in coordination with aircraft lessor as outlined in the MP and P Manual. (Management Policy and Procedural Manual).

All airport check-in will be conducted via the system communication network established as detailed per the MP&P Manual of Flight One Airline.

All operations at the check in counter captured are available at the Digital Flight Operation Communication Center on real time basis.

All customer/passenger will be checked and imaged using the available data from the record/file locator with the following:

1. Government ID

2. Passport

3. Baggage placed on the scale for weight, excess baggage etc… as detailed in the MP&P Manual (Management Policy and Procedure Manual) of Flight One Airline.

In-flight Service and Operation

1. Each passenger will occupy the seat assigned at the check in counter.

2. The interior of the aircraft will be on the auto image capturing mode at all times.

3. This data is available to the Central control system in the department of Digital Flight Operation as detailed in the MP&P Manual of Flight One Airline.

4. The pilot (captain of the flight) will have direct access to all the aircraft data at all times during the command of his/her flight.

Reservation Control

Reservation Control will have all seating of passengers and passenger manifest along with Space Control department at all times as detailed in the MP&P Manual of Flight One Airline.

Customer Service

Customer Service will also have access to all data as captured at time of check in, in flight service operation as detailed per MP&P Manual.

Finance Division

All reconciled data from reservation and space control will be made available to Finance Division as detailed in the MP&P Manual of Flight One Airline.

Technical Services

Technical Service will have all data at its disposal in reference to the operation, on time performance and safety of A/C of Flight One Airline. Direct liaison with Lessor of A/C will be established per Master Agreement and data reflected in the MP&P Manual of Flight One Airline.

Administration/Legal/FAA/DOT/Homeland Security/Local/Federal Governmental Authorities

Will have all of the appropriate captured data from Digital Flight Operation as detailed in the MP&P Manual of Flight One Airline in real time and at all times.

EXHIBIT V

ADDENDUM II

BACKGROUND – THE BASIS

UNDER TITLE 49 OF THE United STATES code (“the statue”), anyone who wants to provide air transportation service as an air carrier must first obtain two separate authorizations from the Department of Transportation: “safety” in the form of an Air Carrier Certificate and operations Specifications from the Federal Aviation (FAA), and “economic” authority from the Office of the Secretary of Transportation (the Department) in the form of a certificate for interstate or foreign passenger and/or cargo authority issued under section 41102 of the statue.

*Notes.

This has been footnoted.

“There are certain exceptions to this rule. Section 40109 of the Statute allows the Department to grant exemptions from the certificate requirement where it finds that such exemptions are “consistent with the public interest.” Such exemptions may be granted to individual air carriers or to groups or classes of air carriers….”The award of a certificate for foreign authority must also be found to be consistent with the public convenience and necessity.”

Basic Background

The new world order is a reality.

Air transport communication is one of the major nerve systems that will have to meet the rapid evolution of this new world order.

The present state of affairs in which air transportation is being conducted on an economically self-sustaining basis has failed.

It will not survive unless new and different support economic management system of operation approaches is undertaken to tap the existing air transport market.

The tools for such undertakings are available.

Needed is the plan, determination and the will to use these tools to change and benefit the traveling public and the industry.

Support economy has now replaced the old system of capitalism into distributed capitalism in the present market place.

Therefore the air transport industry must be consumer driven, not product driven.

It is the lack of the understanding of this latent force that has driven the airlines into the present state of financial loss and service cutbacks.

Loss to the industry is also loss to the traveling public - the consumer.

The railroads thought they were in the railroad business.

They did not realize that they were in the transportation business until alternate modes of communication such as cars, trucks, airplanes and even telephones came to directly and indirectly compete with them.

If the railways had defined their business correctly, they might have developed some other alternate modes themselves.

Hollywood barely escaped being totally ravished by television.

Initially they scorned and rejected television instead of welcoming it as an opportunity and not a threat.

Hollywood embraced television in a timely fashion. –and Hollywood survived.

The airlines need to redefine their business correctly.

Airlines are no longer about aircraft. They are about marketing air transportation with the most economical tools available to make it worthwhile to travelers and the industry.

It is this simple fact that has convinced the Applicant to humbly request for an economic authority to operate its planned scheduled flights from the DOT of the United States Government.

We have defined our business correctly. “We are about marketing air transportation service and not aircraft”

Today we have a multitude of safe aircrafts, on which billions of dollars have been invested by the major airlines, ready for lease, purchase, etc…below market price to say the least.

This surplus has come as a result of not accepting the concept of support capitalism and the new ways of its system management in the line with the globalization of manpower, material and digital communication etc…meeting the needs of the traveling public.

Example

A load factor of 81.1% was needed for a break even for all major airlines on or about the period prior to February 23, 2003, while the actual load factor was only 73.8%.

For about the same period, United Airlines needed a 93.3% load factor to break even. It, however, posted a 74.5% load factor.

This is not a warning signal.

It is a simple goodbye and definite failure for the air transport industry. -Unless change to meet the customer needs and demands are met.

No amount of subsidy will revive it.

Our mission is:

• Be able to use the excess aircraft already on ground from the existing current certified US Air Carriers and putting them to use by opening new profitable routes using the modern communication set up systems.

• Open Africa’s potentially huge air transport market using New York as a hub.

• Acquire the necessary aircraft on a fully allocated wet lease basis from an existing current certified USA Air Carrier in good standing.

• Use a near paperless digitally managed system of operation that will be a model for United States Airlines -operating to/from Africa (where no scheduled US airline service exists.)

• Make Our Africa air system route network from New York, - A new and different way around the world by bridging the continents of Africa, Asia and Australia, thus avoiding the traditional air route system via Europe and the Middle East. The traveling public will have a choice.

We believe that we will change the way the world travels.

This air route is the missing link for USA traveling public. Connecting USA and Africa direct.

Its necessity, convenience and high priority of national importance/interest for USA can not be ignored.

Public Policy & Convenience and necessity in a Market

Void of US Flag Air Carrier service

Africa

Population is significant

Africa has a population of over 880 million. The community of interest between United States and Africa is vast.

It has the potential to develop a quantity and quality air transport market that will justify for more than twice daily services from/to USA in order to meet the needs and requirements of the continent’s economic lifestyle.

At present air transport major passenger traffic flow between the United States and Africa is via a third continent –Europe. The air transport market is shared by foreign European, Asian and Australian airlines.

Passengers traveling between United States and Africa have and are continuing to face problems such as visa/ immigration, custom, health requirement, security formalities on irregular and duplicate modes/forms to meet the requirement of different Governments, their operating foreign air carriers with its purported transit rules.

Cause for necessity of direct air transport by a United States air carrier also includes the following as a public convenience and necessity.

• Strategically, United States needs direct air service to Africa on a true origin/destination environment.

• United States needs an alternate route between USA and Asia/Australia via Africa.

• USA needs an alternate round-the-world route network system via Africa, supplementing the traditional Pacific and the Europe/Middle East route system.

Reasons for this as an example of history includes:

• There has been non-stop turmoil in Europe and the Middle East for the past many decades and the past thousand of years.

(Continuous public uprising, wars, threats of war, terrorism, threats of terrorism is far too many to tolerate).

• USA and Africa are divided by the Atlantic Ocean with no direct air transport. This is also a problem. This problem if solved will in part (if not in whole) solve the problem of the above. Some one must start somewhere irrespective of the numerous hurdles wherever they may be.

There is no better air route that needs to be established other than our proposed via Africa airline operation that is of public necessity and convenience in its true term.

Resources of Africa

OIL

USA must have a back-up of oil supply quite separate and different from its present day Middle East sources.

The African continent is slowly opening up an alternate source of energy supply capable of developing huge storage facilities that could be utilized in time of emergencies.

This development will help the flow of technology resources and other business development between United States and Africa.

Africa is rich in a variety of minerals that are capable of development for the industries of the United States.

It’s in the public interest and convenience to have a direct air transport scheduled services in place with utmost emergency to accommodate the growing development in this area. Delay is risking too much every minute.

Tourism

Tourism is a growing economic force and factor in the African Continent.

Today we have three major centers that could develop substantially to warrant a new air transport system network service between United States and Africa.

These are:

• The West Africa tourism region

• The East-Central Africa tourism region

• The South Africa tourism region

The East-Central and South Africa tourism undertakings are developed. They serve their traditional European clients. Some destinations have some three daily flight frequencies to/from Europe.

The West Africa tourism undertakings have the potential for development along with East-Central, and South Africa regions.

West Africa has no scheduled air service from United States, - despite its very strong ethnic link with the US.

This is an urgent public necessity and convenience.

Business

Business between the United States and Africa has potential in all fields of technological and commercial endeavors.

Agriculture, public health, education, industries…and transportation are at the forefront of development.

USA should partner in such activities in order to promote and increase its potential economic share and influence.

The entry of other nations/entrepreneurs ahead of USA will make it harder for US business in the future.

The establishment of direct air transport service is a modest beginning that should not be delayed.

Culture

A variety of music, art, architecture, literature, customs, traditions are in abundance in Africa.

Closer ties are a necessity for an exchange to take place.

There is nothing better that brings people together in the 21st century than the establishment of direct air service.

USA and Africa must unite. It is urgent and a public necessity.

Safety & Security

In the ever shrinking world of ours, we have terrorists to fight.

Africa should not be left alone to become the breeding or refuge center for terrorists.

The establishment of direct air transport services will enhance education, information and above all public relations that has no bounds when people of two continents meet.

Such can not be accomplished via the air transport service of a third continent.

In this endeavor we need the services of a US flag air carrier for public convenience and necessity to Africa. We can not afford to wait.

EXHIBIT V

ADDENDUM III

Summary and Conclusion

Many nationalities whose origins are of and from Africa -past and present, -did not receive the appropriate continued privilege of direct scheduled air transport from/to continental United States of America by a U.S. airline flag carrier to/from Africa.

Request and pressure for such air transport service from ethnic, business, cultural, religious, educational etc…groups, International Organizations, Governments, Tourists and Individuals etc… need to be addressed.

Flight One Airline USA with its skilled and experienced staff is now responding to the call for the scheduled air services with practical and viable working proposal that has minimal start up financial burden.

In line with the US Department of Transport’s vision and strategy that:

• ‘Transportation is key to generating and enabling economic growth, determining the patterns of that growth, and determining the competitiveness of our business in the world economy…’ according to the Secretary of Transportation Norman Y. Mineta.

• Safer, Simpler and Smarter Transportation Solutions are required to achieve safety, mobility, global connectivity, environmental stewardship and security…

• Keeping transportation system on the leading edge of technology will deliver safe and secure transports all citizens and delivers a wide range of goods throughout USA and around the world…

• In times of war, transportation system also moves troops and carries defense cargo efficiently for USA…

• United States Department of Transport will, with its team, - will be the architects of the future, to redefine the core mission in light of future transportation challenges …

• This mission is valid today and will be valid well into the future, even with global economy where anything can be made anywhere and sold everywhere else around the world.

• Competitive international trade depends on transportation…

• Uses of Information Technology ensures that a person or good being moved arrives at the right place at the right time…in addition to improvements in logistics systems such as navigation equipment, air traffic control systems, and tracking systems for efficiency and safety of transportation on which the nations economic growth and prosperity are dependent upon…

• Information technology will propel safer and more efficient domestic and international transportation to Americans.

• Global connectivity in transportation within and among Nations are lifeline -to the future, to freer trade and accelerated economic growth, to greater cultural exchange and to the expansion of democracy around the world…

• In the future, America will need a fully integrated domestic transportation system as well as safe and efficient connection to the rest of the world…

• That government should be citizen centered, result oriented, market based, and promoting innovation through competition.

• To Balance homeland and national security transportation requirements with the mobility needs of the nation and personal travel and commerce

• The changing regulatory climate appears to be shifting toward minimizing national regulations, reducing international barriers to trade and harmonizing international transportation regulations, and developing standards of facilitation.

……Flight One Airline USA obliges.

……Flight One Airline USA requests for the initiation of a thrice weekly service to points in West Africa using a leased aircraft, on a fully allocated block hour basis details of which are explained in the application submitted.

…..Flight One Airline USA will conduct its business with real time digital communication set up as outlined in the application.

….initial capital outlay will be the unnecessary element to start the services of Flight One Airline USA as explained and depicted in the Application.

….grass root marketing and support economy system of management will be used to circumvent the past historical economic ills that have downed today’s air transport industry.

This market supported new, different and revolutionary airline operating concept will halt the past ineffective economic practices that has not benefited the airlines, the aircraft manufacturers, the traveling public or the government of the United States.

Flight One Airline USA should be granted the appropriate certification (certificate of Public Convenience and necessity authorizing foreign scheduled air transportation of persons, property and mail pursuant to Section 41102 of Title 49 of the United States Code –the “Statue”), to carry it planned scheduled operation.

A new era of airline prosperity will be demonstrated using Africa’s economic, social and political hub centers to complement the already existing system worldwide air service networks of US flag air carriers and the use of some of their excess aircraft parked due to unfortunate economic circumstances.

Many of the skilled laid-off airline personnel will have the opportunity to be re-employed as a result.

[pic] d

[pic] d

-----------------------

Application of

FLIGHT ONE AIRLINE USA

(A DIVISION OF LASER ARCHIVES INC. A NEVADA USA CORPORATION)

For a Certificate of Public

Convenience and Necessity under

49 U.S.C. 41102 to engage in foreign scheduled air transportation.

FLIGHT ONE AIRLINE USA

ORGANIZATION CHART PAGE 1

ASSOCIATE

TECHNICAL SVC

Gregory Doneno

T004

VP

LEGAL

Joel F. Tamraz

James L. Brown

L004/l005

VP

FINANCE

Gary Osterberg

F004

VP

ADMINISTRATION

Gebretsadik

Wolde Yesus

A004

VP

MARKETING

Stephen Lepisto

M004

DIRECTOR

COMMUNICATION

Matt V. Saikkonen

C004

SR DIRECTOR

SYSTEM CONTROL

Michael Amspaugh

P003

VP DIGITAL FLIGHT

OPERATION

Captain Paul Meyer

P002

PRESIDENT/CEO

Amare Teferi

P001

GENERAL MANAGER

WEB OPERATION

Paul Valladares

W005

GENERAL MANAGER

TECHNICAL OPERATION

Loc Nguyen

T005

DIRECTOR

COMMUNICATION

Matt V. Saikonnen

C004

SR DIRECTOR

SYSTEM CONTROL

Michael Amspaugh

0003

FLIGHT ONE AIRLINE USA

ORGANIZATION CHART PAGE 2

CUSTOMER

RELATION

CR05

RESERVATION

RR05

SPACE

CONTROL

SC05

STATION

MANAGER

SM05

SYSTEM GSA

CONTEMPORARY

GC05

VP MARKETING

Stephen Lepisto

M004

SR DIRECTOR

SYSTEM CONTROL

Michael Amspaugh

P003

FLIGHT ONE AIRLINE

ORGANIZATION CHART PAGE 3

AUSTRALIA/PACIFIC ISLAND

OFFLINE OFFICE

AP07

EUROPE

OFFLINE OFFICE

EUR7

ASIA

OFFLINE OFFICE

ASA7

REGIONAL GSA

NORTH AMERICA

GNA6

REGIONAL

GSA AFRICA

GA06

VP MARKETING

Stephen Lepsito

M004

SYSTEM GSA

CONTEMPORARY

AQUARIUS TRAVEL

FLIGHT ONE AIRLINE USA

ORGANIZATION COMMUNICATION

MARKETING - PAGE 4

EXHIBIT I

EXHIBIT VI

EXHIBIT VII

EXHIBIT VIII

Application of

FLIGHT ONE AIRLINE USA

(A DIVISION OF LASER ARCHIVES INC. A NEVADA USA CORPORATION)

For a Certificate of Public

Convenience and Necessity under

49 U.S.C. 41102 to engage in foreign scheduled air transportation.

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