Air Cargo Facilities Developer Lynxs Group Appoints CB Richard Ellis for Recapitalization.

Business Editors

AUSTIN, Texas--(BUSINESS WIRE)--Sept. 4, 2001

-- Keeping Pace with World Air Cargo Demand --

Lynxs Group, an Austin, Texas-based developer of air cargo facilities, has retained CB Richard Ellis to explore raising capital to expand its on-airport real estate development program worldwide. Lynxs Group named Mike Caprile, Senior Vice President of Investment Properties of CB Richard Ellis' Chicago office and Glynn Mireles, Vice President of CB Richard Ellis' Houston office to lead the recapitalization effort.

"We recognize the globalization of the air cargo facilities development industry that we started as a national concern nearly seven years ago. Our recapitalization drive signals our intent to go to the next stage of expansion," states Ray Brimble, Managing Partner of Lynxs Group. The company's air cargo facilities or CargoPorts(TM) are located at North American airports including Anchorage, Chicago and Houston. The facilities attract the world's leading air carriers and airlines as tenants.

"We are pleased to strategically represent Lynxs Group to explore capital sources to grow their state-of-the-art air cargo facilities in this highly specialized market," adds Caprile of CB Richard Ellis. CB Richard Ellis is the world's largest commercial real estate services company and is headquartered in Los Angeles.

Brimble pointed to the globalization of the air cargo facilities market as well as to ongoing growth of the air cargo market, sparked by interdependent economies and world trade. Despite recent downturns to regional economies, air cargo volumes continue to grow as companies globalize and seek just-in-time (JIT) logistics solutions. MergeGlobal, Inc., an Alexandria, Virginia-based industry consulting firm, forecasts world air freight volume to grow an average of 5.2 percent annually through 2005.

In addition to an ownership interest in Lynxs Group and his role in its management, Brimble has been involved in international business for more than 25 years and is an advisor to the Center for International Business Education and Research, University of Texas at Austin.

The Lynxs Group

The Lynxs Group develops CargoPorts(TM), unique air cargo facilities with intermodal access. These low-cost, high-service facilities are specifically designed to address the needs of cargo carriers and the airports that serve them. CargoPorts(TM) provide warehousing with direct rampside access, parking for wide-body aircraft, fueling stations, office space and other amenities. Currently, the Lynxs Group is developing and operating 11 CargoPorts(TM) across the United States. Ray Brimble, an Austin, Texas businessman, owns Lynxs Holdings LLC. The Lynxs Group is comprised of Brimble and his partners in each of the CargoPort(TM) locations. More information may be obtained at the Company's website at www.lynxs.com.