JetSmarter Selected as a 2016 Red Herring Top 100 North America Winner

NEWPORT BEACH, Calif., June 13, 2016 /PRNewswire/ -- JetSmarter, the world's fastest growing private jet company, announced today that it has won the Red Herring Top 100 North America award. Red Herring announced its Top 100 North America award winners in recognition of the leading private companies from the region, celebrating these startups' innovations and technologies across their respective industries.

In 2013, Sergey Petrossov launched JetSmarter, a member's only service that allows users to book a private jet from any location across the globe, via mobile app, giving them access to the largest private jet marketplace in the world.  Membership, which now costs $10,000 annually with a one-time $5,000 initiation fee, allows members to book seats on private planes, at no additional cost, to and from US locations including New York, Los Angeles, Chicago, Miami, Atlanta, San Francisco, Las Vegas, and throughout European cities and the Middle East.

"Being honored with this year's Top 100 North America award from Red Herring is a huge accomplishment for my entire team at JetSmarter, and we are very grateful to be recognized as leaders in the technology space," said Sergey Petrossov, CEO & Founder of JetSmarter. "As we continue to expand our private jet services across the globe, we are excited to see what the future of air travel holds."

Red Herring Top 100 North America enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 1,200 privately financed companies each year in the US and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work.

"In 2016, selecting the top achievers was extremely difficult," said Alex Vieux, publisher and CEO of Red Herring. "The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made it one of the toughest vintages to judge. The North America winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, JetSmarter should be proud of its accomplishment under such strong competition."

Red Herring's editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

JetSmarter is a mobile marketplace that offers instant pricing and availability for private jets worldwide. The application democratizes the private jet industry by decreasing the entry price for consumers and helping air carriers' gain more exposure within the market. By eliminating the middle man when it comes to booking a private jet, this app takes the process into the future with simplicity and ease. The JetSmarter app is available for iOS and Android. For more information, please visit www.JetSmarter.com

Logo - http://photos.prnewswire.com/prnh/20150722/240264LOGO

SOURCE JetSmarter