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AIR METHODS ANNOUNCES EXTENSION OF WARRANTS

 AIR METHODS ANNOUNCES EXTENSION OF WARRANTS
 DENVER, July 29 /PRNewswire/ -- Air Methods Corp. (AMEX: ARF.EC)


announced that it is extending the expiration date of its publicly- traded warrants from Aug. 27, 1992 to Feb. 27, 1993. These warrants trade on the American Stock Exchange's Emerging Company Marketplace under the ticker symbol "ARFWS.EC."
 Each warrant will continue to be exercisable at a price of $8, for which the holder will receive .322 shares of Air Methods Common Stock. Thus, the exercise price is equivalent to approximately $24.81 per share. The company currently does not intend to further extend these warrants or to amend their terms, other than making such adjustments to the number of shares issuable upon exercise of the warrants as may be necessary to protect the holders against dilution in the event of certain stock and option issuance by the company.
 Air Methods is the largest exclusive provider of state-of-the-art emergency air medical transportation systems and services to hospitals throughout the United States. Air Methods now serves 41 hospitals located in 11 states under 18 dedicated long-term operating agreements. The company utilizes only IFR-certified pilots and aircraft, including 27 helicopters and five airplanes, to perform these services. In addition, Air Methods offers completely integrated airborne medical systems for administering intensive care to patients while flying to a Level I trauma center or a tertiary care facility, either from outlying hospitals or the scene of an accident.
 -0- 7/29/92
 /CONTACT: W. Terrance Schreier or William H. Critchfield of Air Methods, 303-790-0587/
 (ARF) CO: Air Methods Corp. ST: Colorado IN: AIR HEA SU:


BB -- DV001 -- 4407 07/29/92 08:00 EDT
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Publication:PR Newswire
Date:Jul 29, 1992
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