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Message #5
From: NewsBot
Date: December 29, 2006 05:06:00 PM

APNX News Alpine Air Express Experiences Non-Injury Aircraft Accident

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, experienced a non-injury aircraft accident near Rapid City, South Dakota airport early Friday morning in adverse weather conditions. Representatives of the National Transportation Safety Board (NTSB) and the Federal Aviation Administration (FAA) are on the scene along with Alpine Air personnel.

Gene Mallette, CEO of Alpine Air, commented, "We are extremely fortunate the pilot suffered no apparent injuries. He was taken to the hospital as a precautionary measure and subsequently released.”

Mallette added, “The cargo is safe and no one was injured on the ground. Additional information will be provided as soon as it is available from the NTSB and/or the FAA."

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.

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