Kitty Hawk (AMEX:KHK)
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Kitty Hawk, Inc. (AMEX:KHK) announced today the
appointment of Melvin L. Keating, 59, to serve as a director on Kitty
Hawk's Board of Directors. Mr. Keating's appointment increases Kitty
Hawk's Board from six directors to seven.
In March 2006, Mr. Keating was appointed President and Chief
Executive Officer of Alliance Semiconductor Corporation (Nasdaq:ALSC)
after serving as interim President and CEO since October 2005.
Previously, Mr. Keating served as Executive Vice President, Chief
Financial Officer and Treasurer of Quovadx, Inc. (Nasdaq:QVDX). In
addition, Mr. Keating has served as a strategy consultant to Warburg
Pincus Partners, a private equity and venture capital firm, President
and CEO of Sunbelt Management, an owner and manager of commercial and
retail properties and the largest landlord of Target Stores, and
Senior Vice President-Finance & Administration of Olympia & York
Companies.
In addition to the Kitty Hawk Board, Mr. Keating serves on the
Board of Directors of Plymouth Rubber Company and previously served on
the Board of Directors of Price Legacy Corporation, a Real Estate
Investment Trust. He holds two Masters degrees from the University of
Pennsylvania, Wharton School and a B.A. from Rutgers University.
"We're delighted to welcome Melvin Keating to the Board of
Directors," said Gerald L. Gitner, Chairman of the Board. "Mr. Keating
brings a wealth of business leadership and investment community
experience to the Board and we look forward to his contributions."
Robert W. Zoller, Kitty Hawk's President and CEO, added, "The addition
of a seventh Director, and specifically Mr. Keating, not only
coincides with the recent expansion of the Company's products and
services, but also enhances the Company's ability to evaluate and
execute future strategic growth opportunities."
Mr. Keating was recommended to the Board's Governance and
Nominating Committee by one of the Company's largest stockholders,
Bryant Riley, who also serves as Chairman of the Board of Alliance
Semiconductor Corporation.
About Kitty Hawk, Inc.
As a recognized leader in customer service, Kitty Hawk is the
premier provider of guaranteed, mission-critical, scheduled overnight
air and beginning October 31, 2005 of scheduled time-definite
coast-to-coast less-than-truckload (LTL) ground freight transportation
to major business centers and surrounding communities throughout North
America, including, Alaska, Hawaii, Toronto, Canada, and San Juan,
Puerto Rico. With more than 30 years experience in the aviation and
air freight industries, Kitty Hawk plays a key connecting role in the
global supply chain. Kitty Hawk serves the logistics needs of more
than 550 freight forwarders, integrated carriers, logistics companies
and major airlines with its extensive integrated air and ground
network, fleet of Boeing 737-300SF and 727 cargo aircraft, as well as
a 239,000 square-foot cargo warehouse, US Customs clearance and sort
facility at its Fort Wayne, Indiana hub. In 2005, Kitty Hawk became
the North American launch customer for the fuel-efficient and
environmentally-friendly Boeing 737-300SF aircraft. Kitty Hawk's air
and ground cargo networks and award-winning, guaranteed overnight
time-definite service are ideal for heavy-weight shipments (over 150
lbs), special goods with unique dimensions, perishables, animals and
other valuable shipments.