CARCORP USA Corporation Announces Majority Shareholders Approve Merger with Elite Flight Solutions

    DEERFIELD BEACH, Fla.--May 6, 2003--CARCORP USA Corporation, a Delaware Corporation (OTCBB:CUSA), announced today that the Information Statement and Notice of Actions Taken by Written Consent of the Majority Stockholder has been mailed to shareholders of CARCORP USA common stock. As of today, 6 May 2003, majority shareholders have approved the merger between CARCORP USA and Elite Flight Solutions.
    Now that majority shareholder approval has been obtained, Elite Flight Solutions stock will be distributed to the shareholders of CARCORP USA Corporation's Common Stock. This action is expected to be completed within 20 days of the today's legal mailing.
    "This agreement states that CARCORP USA will acquire all of the ownership in Elite Flight Solutions. This will make our commitment to this new business obvious and will move the Company towards increased profitability. We are sure that the result will please our shareholders and the stock will hopefully begin to attain its proper valuation in the marketplace" said Michael DeMeo, CEO of CARCORP USA.
    CARCORP USA will change their corporate name to Elite Flight Solutions, Inc. as well as effecting a ticker symbol change once the merger is completed.
    For further information on Elite Flight Solutions Inc. go to http://www.flyjets.biz a division of Elite Flight Solutions Inc. Recently the website has been updated and will help keep investors better informed as to the business of Elite Flight Solutions.

    Forward Looking Statements:

    Statements about the company's future expectations, including revenues and earnings and all other statements in this press release other than historical facts are "forward looking statements" within the meaning of section 27A of the Capital Securities Act of 1933, section 21E of the Securities Exchange act of 1934, and as the term defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The company undertakes no obligation to update forward looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the company will appropriately inform the public.

    For investor relations please contact Investor@Carcorpusa.com or Fly Jets.Biz at 866-FLY-JETS.