May 13, 2008 at 16:25 PM EDT
ABX Holdings Annual Shareholders Meeting

Shareholders of ABX Holdings (NASDAQ: ABXA) re-elected two directors, approved a proposal to change the name of the Company, ratified the appointment of auditors and approved a stockholder proposal at their annual meeting here today.

Directors re-elected to three-year terms on the ABX Holdings board were James H. Carey, 75, and John D. Geary, 81.

Carey, Executive Vice President (Retired) of the Chase Manhattan Bank, has been the Chairman of the Board of the Company since May 2004 and has been a Director since August 2003. Geary, President and Chief Executive Officer (Retired) of Midland Enterprises, Inc., has been a director of the Company since January 2004. Both are members of the Nominating and Governance Committee, and the Compensation Committee.

Shareholders also approved a proposal to amend the Companys Certificate of Incorporation to change the name of the Company from ABX Holdings, Inc. to Air Transport Services Group, Inc. The meeting included a review of the Companys operations for 2007 and the first quarter of 2008, and an overview of the Companys strategy by President and Chief Executive Officer Joseph C. Hete.

Hete said, We are pleased our shareholders agree that the name Air Transport Services Group, Inc. better reflects our business after the acquisition of Cargo Holdings International, Inc. We are able to offer our customers a broader line of services, and we have fulfilled a principal element of our strategy to strengthen our business by diversifying our revenue base.

The change of the companys name will not affect outstanding stock certificates or the trading of the Companys common shares on the NASDAQ Global Market.

Shareholders also ratified the appointment of Deloitte & Touche LLP as the Companys independent registered public accounting firm for fiscal 2008, and approved a stockholder proposal concerning the Companys preferred stock rights plan.

ABX Holdings is a leading provider of air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. Through five principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier Certificates, ABX Holdings also provides aircraft leasing, aircraft maintenance services, airport ground services, fuel management, specialized transportation management, and air charter brokerage services. ABX Holdings subsidiaries include ABX Air, Inc., Air Transport International, LLC, Cargo Aircraft Management, Inc., Capital Cargo International Airlines, Inc. and LGSTX Services, Inc. For more information, please see www.abxholdings.com.

Contacts:

ABX Holdings, Inc.
Quint Turner, 937-382-5591
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here