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Microcap & Penny Stocks : Air Methods (airm)
AIRM 42.950.0%Apr 24 5:00 PM EST

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To: Paul Lee who started this subject12/11/2001 7:57:03 AM
From: Paul Lee   of 877
 
Air Methods Expands Flight Service Operations in Florida and Oregon


DENVER, Dec. 11 /PRNewswire/ -- Air Methods Corporation (Nasdaq: AIRM) announced today that its Air Medical Services Division has secured an additional hospital-based contract and expanded another.

Air Methods has been selected to provide air medical transportation services to Miami Children's Hospital located in Miami, Florida. Under this new agreement, which will provisionally commence on April 1, 2002, Air Methods will operate a hospital-owned Sikorsky S-76A+ with a staff of eight pilots and three mechanics.

Additionally, in the first quarter of 2002, Air Methods will be expanding its partnership with Air Life of Oregon through the addition of a third hospital-owned Pilatus PC-12 airplane. The aircraft will be based in La Grande, OR, and will provide enhanced services to Oregon and surrounding states.

"Air Methods' service and safety record, as well as our strong financial position, continues to allow the Company to expand into new markets and increase business in existing markets," said Neil Hughes, Vice President of Air Methods' Air Medical Services Division. "We are excited and extremely pleased with the Air Life expansion and the new partnership with Miami Children's Hospital, and will continue to maintain our focus on providing medical institutions and communities with exceptional service."
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