COLUMBUS, Ohio, June 4 /PRNewswire-FirstCall/ -- AirNet Systems, Inc.(Amex: ANS) announced that its shareholders voted to approve the proposal toadopt the Agreement and Plan of Merger, dated as of March 31, 2008 (the'merger agreement'), by and among AirNet, AirNet Holdings, Inc., and AirNetAcquisition, Inc. and to approve the merger contemplated thereby, at theSpecial Meeting of Shareholders held today.

Approximately 72.5% of the outstanding common shares were voted in favorof the proposal (approximately 97.5% of the common shares voted at the SpecialMeeting). Under the terms of the merger agreement, each holder of AirNet'scommon shares will receive $2.81 per share in cash. The closing is notsubject to any financing contingencies and is expected to occur in early June.Following completion of the merger, AirNet's common shares will cease tradingon the American Stock Exchange.

AirNet Systems, Inc.

AirNet Systems, Inc. focuses its resources on providing value-added,time-critical aviation services to a diverse set of customers in the mostservice-intensive, cost-effective manner possible. AirNet operates anintegrated national transportation network that provides expeditedtransportation services to banks and time-critical small package shippersnationwide. AirNet's aircraft are located strategically throughout the UnitedStates. To find out more, visit AirNet's website at www.airnet.com .

Safe Harbor Statement

Except for the historical information contained in this news release, thematters discussed, including, but not limited to, statements concerning theprospects for completing the merger are forward-looking statements thatinvolve risks and uncertainties. When used in this news release, the words'believe', 'will', 'expect' and similar expressions are intended to be amongstatements that identify forward-looking statements. Because theseforward-looking statements are subject to risks and uncertainties, actualresults may differ materially from those expressed or implied by suchforward-looking statements.