Alpine Settles Department of Transportation Suit.Business Editors PROVO, Utah--(BUSINESS WIRE)--April 25, 2002 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) a leading provider of regional air cargo transport and logistics services, today announced that it has settled a lawsuit filed by the United States Department of Justice “Justice Department” redirects here. For other uses, see Department of Justice. The United States Department of Justice (DOJ) is a Cabinet department in the United States government designed to enforce the law and defend the interests of the United States against its 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. Alpine Aviation, Inc. The suit alleged breach of contract in connection with the Department of Transportation's (DOT) Essential Air Service program, designed to ensure passenger flights to small communities. Alpine decided to settle this matter for the agreed to amount of $112,800 to avoid prolonged litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Eugene Mallette, Alpine's chairman and 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. , commented, "While we believe that Alpine strictly adhered to the terms our contract with the DOT, we have decided that it is in the Company's best interest to resolve this issue for the agreed upon settlement, which will have not have a material impact on our operations." Founded in 1975, Alpine Air Express operates 24 aircraft to provide competitively priced scheduled air cargo flights throughout the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . 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 concerning Alpine Air Express, Inc., 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 any 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. |
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