Alpine Air Express Announces the Renewal of Its North Dakota Contract.

PROVO, Utah -- 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.