posted
2004-11-29 12:48:03 ABX Air Awarded US Postal Service Contract to Operate Air Network During Holidays
Business Editors
WILMINGTON, Ohio--(BUSINESS WIRE)--Nov. 29, 2004-- ABX Air (OTCBB:ABXA) announced today that it has been awarded a contract by the US Postal Service to manage an air network to transport mail during the busy holiday season. The network will include ABX Air aircraft as well as those of other operators. ABX Air will also provide logistics services and hub operations in support of the network. The contract calls for ABX Air to be compensated at a fixed price on a per-day basis and is expected to generate gross revenues of approximately $5.1 million. "This contract reflects our continuing effort to expand our relationship with the US Postal Service and thereby diversify our revenue base," stated Joe Hete, President and CEO. "We will dedicate aircraft to the USPS for a few hours each day and still have them in place to fly routes for DHL at night, utilizing our considerable experience in logistics and managing an air network to meet the needs of both customers." ABX Air is a cargo airline with a fleet of 115 aircraft that operates out of Wilmington, Ohio, and 18 hubs throughout the United States. In addition to providing airlift capacity and sort facility staffing to DHL, ABX Air provides charter and maintenance services to a diverse group of customers. With over 7,000 employees, ABX is the largest employer in a several county area in southwestern Ohio. www.abxair.com
Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. ABX Air's actual results may differ materially from the results discussed in the forward-looking statements. There are a number of important factors that could cause our actual results to differ materially from those indicated by such forward-looking statements, including the availability and reliability of aircraft to be utilized under our contract with the U.S. Postal Service. These factors are contained from time to time in ABX Air's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended 2003, and our Quarterly Reports on Form 10-Q. Readers should carefully review this release and should not place undue reliance on our forward-looking statements. These forward-looking statements were based on information, plans and estimates at the date of this release. We undertake no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
KEYWORD: NORTH AMERICA OHIO UNITED STATES INDUSTRY KEYWORD: TRANSPORT AIR CONTRACT/AGREEMENT SOURCE: ABX Air
CONTACT INFORMATION: ABX Air Joseph C. Hete, 937-382-5591
posted
This will likely move. Bid/ask already up in premarket.
2005-04-06 07:57:04 ABX Air Has Applied for Listing on NASDAQ National Market
Business Editors / Transportation Writers
WILMINGTON, Ohio--(BUSINESS WIRE)--April 6, 2005-- ABX Air (OTCBB:ABXA) today announced that it has applied to list its common shares on the NASDAQ National Market. ABX Air's common shares have been quoted on the Over-the-Counter Bulletin Board market since it became an independent publicly traded company in August 2003. James H. Carey, Chairman of the Board of ABX Air, said, "We began last fall to explore moving our common shares off the OTC Bulletin Board onto the NASDAQ. If our application is approved, we believe that a NASDAQ listing will increase our liquidity and allow many institutions to invest in ABX Air who typically do not or cannot invest in over-the-counter securities." Listing applications are subject to review by NASDAQ's Listing Qualifications Department for compliance with all NASDAQ National Market requirements. ABX Air expects that process to take approximately four to six weeks. While ABX Air believes it satisfies the listing qualifications, the Company has been given no assurance that its listing application will be approved. ABX Air, Inc. is a cargo airline with a fleet of 115 in-service aircraft that operates out of Wilmington, Ohio, and 18 hubs throughout the United States. ABX became an independent public company effective August 16, 2003, as a result of the separation from its former parent company, Airborne, Inc., which was acquired by DHL Worldwide Express B. V. In addition to providing airlift capacity and sort center staffing to DHL Express, ABX provides charter and maintenance services to a diverse group of customers. With over 7,000 employees, ABX is the largest employer in a several-county area in southwestern Ohio. Except for historical information contained herein, the matters discussed in this release contain forward-looking statements that involve risks and uncertainties. ABX Air, Inc.'s actual results may differ materially from the results discussed in the forward-looking statements. There are a number of important factors that could cause ABX Air's actual results to differ materially from those indicated by such forward-looking statements. These factors include but are not limited to satisfying the listing requirements of The NASDAQ Stock Market, a significant reduction in the scope of services under ABX Air's commercial agreements with DHL, maintaining cost and service level performance under such agreements, the ability to generate revenues from sources other than DHL and other factors that are contained from time to time in ABX Air's filings with the U.S. Securities and Exchange Commission, including ABX Air's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should carefully review this release and should not place undue reliance on ABX Air's forward-looking statements. These forward-looking statements were based on information, plans and estimates as of the date of this release. ABX Air undertakes no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
KEYWORD: NORTH AMERICA OHIO UNITED STATES INDUSTRY KEYWORD: TRANSPORT AIR SOURCE: ABX Air, Inc.
CONTACT INFORMATION: ABX Air, Inc. Joe Payne, 937-382-5591
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
