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 Company’s 
      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 Company’s operations 
      for 2007 and the first quarter of 2008, and an overview of the Company’s 
      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 company’s name will not 
      affect outstanding stock certificates or the trading of the Company’s 
      common shares on the NASDAQ Global Market.
    
    
      Shareholders also ratified the appointment of Deloitte & Touche LLP as 
      the Company’s independent registered public 
      accounting firm for fiscal 2008, and approved a stockholder proposal 
      concerning the Company’s 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.