Date: May 6, 2008 10:52:06 AM PDT (CA)
To: Name Deleted by Shane to Protect Source
Subject: DayJet News
Given your longstanding interest in DayJet, I wanted to personally provide an update and some perspective on recent developments at the company.
Effective this week, we have made the difficult decision to scale back DayJet’s 2008 growth plan. Because of this change in strategy, the company has reduced its employee base across most areas of its business. As I will explain, these changes were caused by external economic factors and are not a reflection of a weakness in the underlying DayJet business model.
In fact, our first phase of operations, the "Proof of Concept" phase, has gone exceptionally well.
Without the growth capital required to open new markets, the company must scale back to a size that is consistent with the demand of our existing customers and service region. DayJet’s business model is based on operating at a critical mass, requiring investment ahead of growth. We hired and trained a number of employees in anticipation of future growth and always planned for additional capital investment at this stage.
DayJet President and CEO