NEW NAME TO BE OFFICIAL SOON, USGLOBAL AIRWAYS, INC: usglobal.com. TICKER CHANGING TO: USGL

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Baltia Air Lines

COMPANY UPDATE:

Baltia Air Lines is pleased to announce that it has secured a promissory note in the amount of $500,000 from Chicago Venture Partners. The details of the agreement will be disclosed in a forthcoming 8-K filing. Baltia Management views this as another step in the right direction.

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