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GOL Commemorates Two Years as Publicly-Listed Company with Launch of New Version of the GOL IR Website
São Paulo, June 26th 2006 GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and BOVESPA: GOLL4), Brazils low cost, low fare airline, commemorated its second anniversary as a publicly-held company listed on the New York and São Paulo stock exchanges, by announcing the launch of a new version of its Investor Relations (IR) site. In line with the Companys differentiated financial communications strategy, GOLs new IR site includes several innovations, such as customizable home pages for different investor constituencies: analysts, institutional investors and retail investors.
GOL's shares began trading on June 24th, 2004, and as of Fridays close, GOL ADSs recorded appreciation of 303%, and GOLL4 shares recorded appreciation of 186%. The average daily trading volume of GOL's shares, on the NYSE and Bovespa, was over US$ 10 million in 2005, which placed them among the most traded airline securities. A Bovespa Corporate Governance Level 2 company, in 2005 GOL shares were included in the IBrX50, IGC, ITAG and MSCI indexes, which reflects the increasing liquidity of its preferred shares.
GOLs IPO was the second simultaneous listing by a Brazilian company on both the NYSE and the Bovespa. The listings permitted the Company to raise funds for fleet expansion, and diversify funding sources by successfully attracting a broad investor base: global, airline, emerging markets and Brazilian.
Since listing on the NYSE and the Bovespa, GOL has built its IR program around three core principles: transparency, guaranteed access to information and equal treatment. The company is committed to disclosing transparent financial statements and continues to invest in processes and controls, ensuring that this information complies with the best international accounting practices. GOL is one of the few South American issuers which has complied with the requirements of the Sarbanes-Oxley Act. The Company was one of the 17 pioneering firms worldwide to adopt the SECs pilot XBRL program and its results in US GAAP will shortly be available in this format.
In addition to customizable home pages, the GOLs new IR site provides simultaneous disclosure of information in English and Portuguese, open content, continuous 24x7 updates and a high site uptime ratio (99.997%) . Other innovations include:
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GOLs integrated approach to corporate disclosure contains three major elements: required financial reports, supplementary disclosure, and interactions with investors and intermediaries all of which are consistent and mutually reinforcing, states Richard Lark, GOLs Chief Financial Officer and IRO. These elements, which help the market understand GOLs business, strategy and financial targets (guidance), are available to all without discrimination on our IR website, which is now even more dynamic and targeted.
About GOL Linhas Aéreas Inteligentes
GOL Linhas Aéreas Inteligentes, a low-cost, low-fare airline, is one of the most profitable and fastest growing airlines in the industry worldwide. GOL operates a simplified fleet with a single class of service. It also has one of
the youngest and most modern fleets in the industry that results in low maintenance, fuel and training costs, with high aircraft utilization and efficiency ratios. In addition, safe and reliable services, which stimulate GOLs brand recognition
and customer satisfaction, allow GOL to have the best value proposition in the market. GOL currently offers over 500 daily flights to 50 major business and travel destinations in Brazil, Argentina, Bolivia, Paraguay and Uruguay. GOL growth plans
include increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. GOL shares are listed on the NYSE and the Bovespa. GOL: here everyone can fly!
For more information, flight times and fares, please access our site at www.voegol.com.br or call: 0300-789-2121 in Brasil, 0810-266-3131 in Argentina, 800-1001-21 in Bolívia, 0004 055 127 in Uruguai, 009 800 55 1 0007 in Paraguai and 55 11 2125-3200 in other countries.
CONTACT: GOL Linhas Aéreas Inteligentes S.A.
Ph: (5511) 5033-4393
e-mail: ri@golnaweb.com.br
www.voegol.com.br/ir
Media:
MVL Comunicação
Ph: (5511) 3049-0343 / 3049-0342
e-mail: roberta.corbioli@mvl.com.br
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOLs management concerning the future of the business and its continued access to capital to fund the Companys business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOLs filed disclosure documents and are, therefore, subject to change without prior notice.
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GOL LINHAS AÉREAS INTELIGENTES S.A.
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By: |
/S/
Richard F. Lark, Jr. | |
Name: Richard F. Lark, Jr.
Title: Vice President Finance, Chief Financial Officer
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.