FOR IMMEDIATE RELEASE

Martial Arts Star Purchases 2nd CRJ Phoenix

Peterborough, Ontario – November 20, 2008 -- Flying Colours Corp., a global leader in aircraft completions and maintenance, is pleased to announce that their client Project Phoenix have signed up a second customer, Egyptian actor and martial arts star Yousef Mansour at the MEBA convention in Dubai. The aircraft will be based in Cairo and managed by Execujet Middle East. It will be used to fly Mansour and his film crews on location, as well as being made available to a number of his business associates. The aircraft is also set for a starring role in Mansour’s new film Sooner or Later, which will be shot in Cairo, around the Red Sea, and in Phoenix, Arizonia next March.

Flyng Colours was selected as the completion center of choice for Project Phoenix in late 2007 and is currently working on the first CRJ Phoenix for Macau based, Ritz Pacific. Mansour’s CRJ Phoenix is scheduled to arrive at Flying Colours facility in early 2009.

About Flying Colours Corp.
A leading aviation services provider with concentration in the following areas: completions, refurbishment, modifications, maintenance, avionics, and exterior paint. Their highly trained technicians and engineers strive to provide its customers with the highest degree of innovation and flexibility while conducting themselves with the utmost integrity. Flying Colours Corp. has established a worldwide customer base as result of its commitment to safety, quality, and elite customer support.

About Project Phoenix
Project Phoenix specializes in the acquisition, conversion, and refurbishment of airliners to VIP/Executive aircraft. The phoenix CRJ is a converted, modernized, and refurbished Bombardier CRJ-200 aircraft. For more information please visit their website at www.projectphoenixaircraft.com