Kitty Hawk, Inc. (KHK)

[Seminole Red]

Posted by: mick
In reply to: mick who wrote msg# 157212 Date: 7/22/2007 8:52:37 AM
Post # of 157261

Kitty Hawk announces exploration of strategic alternatives (KHK) 0.36 : Co announces that it is exploring its strategic alternatives to enhance long term prospects. Alternatives may include, but are not limited to, raising capital, altering operations, selling assets of the co, selling divisions of the cp or selling the entire co. The co has engaged Raymond James to assist it in evaluating its strategic alternatives. Going forward, the Board of Directors will work with the management team and its advisors to explore and evaluate the co's strategic alternatives and determine the course of action it believes is in the best interests of its stockholders. The co cautions that the exploration of any strategic alternative may not result in any transaction. The co does not intend to disclose any developments in its exploration of its strategic alternatives and undertakes no obligation to do so until the Board of Directors has made a final decision regarding a specific alternative and such decision results in a transaction.