News

FOR IMMEDIATE RELEASE

CONTACTS:

Jen Martin 
GCI Group   
404-870 -3838
jmartin@gcigroup.com

John Garrigan
Air Serv Corporation
404-926-4228
jgarrigan@airservcorp.com

AIR SERV CORPORTION RECOGNIZED AS ONE OF SOUTHEAST'S FASTEST GROWING PRIVATE COMPANIES

Program Founded by Emory University and Innovations Publishing To Honor Exceptional Privately-Held Companies

ATLANTA, May 4, 2005 - Air Serv Corporation today announced it has been selected to participate in the GBS Eagles program, which honors exceptional private companies and hosts the Southeast premiere forum to discuss growth issues faced by emerging companies. The GBS Eagles program was recently launched by the Center for Entrepreneurship and Corporate Growth (CECG) at Emory's Goizueta Business School (GBS) and Innovations Publishing. The inaugural GBS Eagles Conference will take place on Wednesday, May 11, 2005.

"It is truly an honor to be named part of the inaugural class of GBS Eagles, and to join other distinquished companies hat have demonstrated leadership and sustainable growth," said James Childs, Chief Executive Officer of Air Serv.

In addition to being privately-held, companies which are named GBS Eagles must have:

• Generated more than $3 million in revenue during the last twelve months;
• Exhibited annual revenue growth in excess of 20 percent compounded over the past three years or experienced headcount growth in excess of 25 percent compounded over the past three years.

"The mission of the GBS Eagles program is to understand the critical issues a high-growth company faces throughout its business lifecycle and to identify the successful processes implemented to address these issues," said Edward Hess, executive director of the CECG. "The companies recognized as GBS Eagles have realized incredible success in the face of these very issues. Their participation in the GBS Eagles program will provide other early-stage companies with valuable information to scale with high growth."

For more information about the GBS Eagles program, please visit http://www.innovationspublishing.com/georgia/eagleCompanies.asp.

About Air Serv Corporation

Air Serv, one of the fastest growing companies in the United States recognized by the Pacesetter Award, has 4,300 employees serving 25 airlines in 19 markets in the U.S. and Great Britain, offering services such as skycap, baggage handling, wheelchair services and customer service. Founded in May 2002 by aviation service leader Frank Argenbright Jr., the company holds major contracts with leading aviation companies, including Delta Air Lines, United Airlines and FedEx.

For more information, please contact: John Garrigan at 404-926-4228 jgarrigan@airservcorp.com. Visit their web site at www.airservcorp.com.

About Innovations Publishing

Atlanta-based Innovations Publishing LLC was formed in 2002 by Ben Dyer, a General Partner of Cordova Intellimedia Ventures. Innovations' Publishing manages the largest collection of information on emerging and high-growth private companies in the Southeast. Investors, lawyers, CPAs and others involved in the deal flow rely on this comprehensive Web database and weekly e-newsletter to stay abreast of opportunities, investment transactions, customer successes, new product lines, and executive team changes. The company publishes both Southeast Innovations and Georgia Bioscience Innovations.

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