Home | Business News | Browse by Publication | M | M2 Presswire

(OTCBB:APNX) Alpine Air Express, Inc. just released some important news.

Article Excerpt
M2 PRESSWIRE-18 June 2008-Stockwire.com: (OTCBB:APNX) Alpine Air Express, Inc. just released some important news.(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:18062008

(OTCBB:APNX) Alpine Air Express, Inc. - Alpine Air Express Announces 2008 Second Quarter EBIT and Dividend Earnings of over $414,000

A dedicated Chat Room for (OTCBB:APNX) Alpine Air Express, Inc., has been created at STOCKWIRE.com to discuss this news event.

Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat ----------------------------------------------------------

(OTCBB:APNX) Alpine Air Express, Inc.

Wednesday June 18, 6:00 am ET

PROVO, Utah-Alpine Air Express Inc. , announced that its operating subsidiary, Alpine Aviation Inc., a leading provider of regional air cargo transport and logistics services, stated in its 10-QSB that the Company reported net income, for the quarterly period ended April 30, 2008, before taxes and preferred stock dividends was $414,663.

Net income for the six months ended April 30, 2008 increased over 76% to $1,359,335 from $769,452 for the same period in 2007. Additionally for the same period, the Company?s ending cash position and cash equivalents increased by over 110% to $1,777,959 from $843,824.

Gene Mallette, CEO of Alpine Air, commented, Our second quarter net income before taxes and preferred stock dividends was $414,663. This was quite strong in light of increasing fuel expenses. However, a significant highlight was our ability to increase our net income and cash and cash equivalent positions by over...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!