Alpine Air Elects Ken Holliday to Board of Directors.

Business Editors

PROVO, Utah--(BUSINESS WIRE)--Oct. 1, 2002

Alpine Air Express, Inc., (OTCBB:ALPE) a leading provider of regional air cargo transport and logistics services, today announced that it has elected Kenneth D. Holliday, 49, to its Board of Directors. Mr. Holliday will replace David J. Leonard, leaving the total number of Alpine Board members at five.

Mr. Holliday has an extensive experience within the aviation industry and currently serves as President and CEO of Avcon, Inc., a consulting company assisting start-up airlines, aviation and travel related companies. Prior to that, he was President and CEO of TransMeridian Airlines, an air carrier contracted to fly A-320 aircraft for one of the nation's largest tour operators. Mr. Holliday also served as President and CEO of Private Jet Expeditions, Inc., where he directed airline growth from one B-727 aircraft to fifteen MD-80 aircraft over a two year period with revenues exceeding $130 million. Additionally, he has been nominated for Entrepreneur of the Year, 1993 by The Atlanta Journal and recognized as an Honored Member in Who's Who of Leading American Executives. Mr. Holliday received a Bachelor of Science degree in Industrial Management at Clemson University and USAF Undergraduate Pilot Training at Williams Air Force Base in Arizona.

Gene Mallette, CEO of Alpine Air Express, commented: "Ken's considerable aviation industry experience and expertise includes fleet planning, aircraft acquisition, sales and marketing, contract negotiations, and all aspects of scheduled service operations. We look forward to his active contribution to Alpine's strategic growth and development."

Founded in 1975, Alpine Air provides competitively priced scheduled air cargo flights throughout the Western and Southwestern United States and Chile. The Company has an established client base that includes various contract operations for the United States Postal Service, freight forwarders, and other cargo and logistics firms. Alpine 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, changes in anticipated earnings of the Company and other factors detailed in the Company's filings with the SEC, including its most recent Form 10-Q and Form 10K. 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.