Alpine Air Express Applies for Listing On Nasdaq Market.

Business Editors

PROVO, Utah--(BUSINESS WIRE)--Sept. 26, 2001

Alpine Air Express, Inc. (OTCBB:ALPE), the third largest regional air cargo transport and logistics services provider in the United States, today announced that it has applied for listing on the Nasdaq Market.

"We are making this application because we believe Alpine fully meets the qualifications required for a Nasdaq listing," stated Eugene Mallette, CEO of Alpine Air Express. "While we cannot predict the outcome or the timing of the response to our application, we will keep investors updated on developments as they occur."

Founded in 1975, Alpine Air Express operates 23 aircraft to provide competitively priced scheduled air cargo flights throughout the Western United States. 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 contains certain forward-looking statements concerning Alpine Air Express, Inc., which are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in the Company's filings with the SEC, including its most recent Form 10-Q and Form 10K.