Message #3 From:
NewsBot Date: November 2, 2006 03:30:00 AM
APNX News Alpine Air Express Announces the Renewal of Its North Dakota Contract
PROVO, Utah--(BUSINESS WIRE)--Alpine Air Express Inc. (OTCBB: APNX)
announced that its operating subsidiary Alpine Air, a leading provider
of regional air cargo transport and logistics services, has renewed its
three year contract with the United States Postal Service for routes
between Grand Forks and Bismarck, North Dakota.
According to the Company, the renewed three-year contract provides for
current costs as well as future escalations. The Company’s
versatile Beechcraft 1900 all-cargo airliner will be utilized to perform
the daily requirements in servicing this route.
Gene Mallette, CEO of Alpine Air, commented, “This
contract complements our long-term relationship with the U. S. Postal
Service. With the majority of our aircraft currently under multi-year
contracts, it allows our company a solid base from which to grow future
revenues and to execute our previously announced acquisition intentions.”
Founded in 1975, Alpine Air, a wholly owned subsidiary of Alpine Air
Express Inc., provides competitively priced scheduled air cargo flights
throughout the western and southwestern United States with operations in
Montana, Washington, North Dakota, South Dakota and Hawaii. The company
has an established client base that includes various contract
operations, freight forwarders, and other cargo and logistics firms.
Alpine Air provides superior “on time”
performance and reliability, together with the flexibility to adapt
quickly to the growing frequency and capacity requirements of its
clients.
This press release may contain forward-looking statements including the
Company’s beliefs about its business prospects
and future results of operations. These statements involve risks and
uncertainties. Among the important additional factors that could cause
actual results to differ materially from those forward-looking
statements are risks associated with the overall economic environment,
the successful completion of the proposed leasing transaction, changes
in anticipated earnings of the Company and other factors detailed in the
Company’s filings with the SEC. In addition,
the factors underlying Company forecasts are dynamic and subject to
change and therefore those forecasts speak only as of the date they are
given. The Company does not undertake to update them; however, it may
choose from time to time to update them and if it should do so, it will
disseminate the updates to the investing public.
