Message #6 From:
NewsBot Date: January 23, 2007 03:00:00 AM
APNX News Alpine Air Express Retains New Acquisition and Financing Specialist
PROVO, Utah--(BUSINESS WIRE)--Alpine Air Express, Inc. OTCBB: APNX),
the third largest regional cargo airline and transportation logistics
company in the US, with a fleet of 27 airplanes and annual sales of
$20M+, has announced that the Company has retained industry acquisition
and financing specialist, Mr. Jerry Bush. The relationship is intended
to enable Alpine Air Express to expand on its recent successes by
identifying and evaluating new acquisition and financing options
designed to substantially grow the Company.
Mr. Bush has personally started more than 5 publicly traded FAA part 121
passenger airlines. Additionally Mr. Bush has owned two cargo carriers.
Following his graduation from The Citadel, 6 years in the USAF and
graduate studies from The State University of New York at Buffalo where
received an MBA, Jerry lived in Connecticut and worked in NYC as CFO of
Jones Apparel Company, which is a $4B+ company. Jerry has raised more
than $1B+ in various financing in the United States, Europe, Asia,
Africa, North America and South America.
Gene Mallette, chairman and CEO of Alpine Air, commented: “We
are excited to have the opportunity to work with Mr. Bush. Our
management team has been looking at many ways to capitalize on our
recent growth and success. We are confident that this new relationship,
considering Jerry’s substantial experience,
will enable our Company to move up to a new level of diversification,
service and operations.”
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. The Company has
an established client base that includes various contract operations and
the U. S. Postal Service. 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, realization of U.S.P.S. projected
volumes, 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.
