Alpine Air Terminates Negotiations with Capitalliance.PROVO, Utah -- Alpine Air Express Alpine Air Express is an American airline based in Provo, Utah, USA. It operates scheduled air cargo services on over 15 routes throughout Utah, North Dakota, South Dakota, Montana, Washington and Hawaii. Its main base is Provo Municipal Airport. Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ALPE) (the company), and its subsidiary, Alpine Aviation Inc., which is the third largest regional cargo airline This article is about the general type of air carrier. For the Israeli cargo airline, see CAL Cargo Air Lines. Cargo airlines (or airfreight carriers, and derivatives of these names) are airlines dedicated to the transport of cargo. and transportation logistics company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with a fleet of 26 airplanes, announced today that the company has terminated all discussions and negotiations with Capitalliance Financial Services regarding a possible merger or acquisition. Gene Mallette, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of Alpine Air Express, stated, "Following an exhaustive review of our current and possible new business opportunities, the Alpine board decided to discontinue any merger or acquisition plans. Although Alpine seriously considered working with Capitalliance on business opportunities, the Alpine board finally decided that independently seeking other opportunities was more prudent for the company and its shareholders." Founded in 1975, Alpine Air, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. 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 The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. . 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion