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2003 News Releases

Fast Forward Solutions, LLC and NetDeposit, Inc. Announce Plans to Provide End-to-End Image Replacement Document Solution
December 5, 2003
Fast Forward Solutions, LLC, a wholly-owned subsidiary of AirNet Systems, Inc., announced today that Fast Forward Solutions, LLC and NetDeposit, Inc. have signed a term sheet regarding their intent to finalize an agreement to provide a standard Image Replacement Document ("IRD") check processing solution to the payments industry.

AirNet Systems, Inc. Establishes Electronic Check Processing Subsidiary
December 3, 2003
AirNet Systems, Inc., a premier provider of aviation services including time-sensitive small package deliveries and private passenger charter, announced today the creation of a wholly owned subsidiary, Fast Forward Solutions, LLC.

AirNet Systems, Inc. Supports Passage of Check Truncation Legislation
October 16, 2003
AirNet Systems, Inc. announced today it is pleased that the check truncation legislation, known as Check 21, has successfully passed both chambers of the U.S. Congress.

AirNet Systems, Inc. Completes Sale of Mercury Business Services Unit
August 13, 2003
AirNet Systems, Inc. announced today that on August 11, 2003, it completed the sale of substantially all of the assets of its Mercury Business Services unit to Mercury Business Services, Inc., a Delaware corporation owned by a group that includes the original owners of the Mercury business.

AirNet Systems, Inc. Announces New Chief Financial Officer
August 11, 2003
AirNet Systems, Inc. today announced that Gary W. Qualmann has been appointed Chief Financial Officer, Treasurer and Secretary of the Company, effective September 1, 2003.

AirNet Systems, Inc. Announces Resignation Of Chief Financial Officer
August 11, 2003
AirNet Systems, Inc. today announced that William R. Sumser, Chief Financial Officer, Treasurer, Secretary and Vice President-Finance, has resigned to pursue other interests.

AirNet Systems, Inc. Agrees to sell Mercury Business Services unit
July 14, 2003
AirNet Systems, Inc., a leading provider of premium aviation services including time-sensitive deliveries and private passenger charter, announced today that it has signed a definitive agreement to sell certain assets from its Mercury Business Services unit back to a Mercury management group that includes the original owners.

AirNet Systems to Sell Mercury Business Services Unit
May 23, 2003
AirNet Systems Inc., a leading provider of premium aviation services including time-sensitive deliveries and private passenger charter, announced today that it will sell its Mercury Business Services unit back to a management group that includes the original owners.

AirNet Express Announces Transportation Services Agreement with IMPATH Inc.
April 30, 2003
AirNet Systems Inc. today announced AirNet Express, its nationwide, time-critical airline for small package express shipments, and IMPATH - The Cancer Information Company®, have entered into a one-year contract for the transportation of 24-hour time-critical diagnostic specimens from various field locations to IMPATH facilities in New York and California.

AirNet Systems Inc. Announces Appointment of Senior Vice President
February 12, 2003
AirNet Systems Inc.T today announced Larry Glasscock has been appointed senior vice president, express services.

AirNet Systems Inc. Announces Departure of Vice President
February 7, 2003
AirNet Systems Inc., a premier, specialty air courier for time-sensitive deliveries, announced that Guy S. King, vice president, sales, is leaving the company to pursue personal interests effective today.