The Automotive Resource Network Holdings, Inc. (OTCPK:ARNH) acquired Covenant Flight Group from Robert D Kreb Jr. in an all stock transaction on March 25, 2013. The entire acquisition price was paid in Convertible Preferred G Series shares. Robert D Kreb will join the Advisory Board of Automotive Resource Network, and as a substantial shareholder lead Automotive Resource Network. Currently without expansion the Covenant Flight Group does in excess of $600 million gross annual income and the fleet is valued in excess of $0.9 million.

The Automotive Resource Network Holdings, Inc. (OTCPK:ARNH) completed the acquisition of Covenant Flight Group from Robert D Kreb Jr. on March 25, 2013.