ALPE Alpha En corporation (CE)

Alpine Aviation Inc., a subsidiary of Alpine Air Express Inc. (OTCBB: ALPE), the third largest regional cargo airline by volume and transportation logistics company in the United States with a fleet of 26 airplanes, announces that effective immediately and continuing at least through Oct. 8, 2005, the company has renegotiated with the U.S. Postal Service its contract service rates for the Hawaiian Islands. The Hawaiian Islands postal contracts were recently re-bid by several carriers. However, a bid protest has been filed by a carrier on routes not bid by Alpine Air. This protest must be resolved before the new three-year contract can be awarded. During this interim period, Alpine Air has agreed to continue service on all Hawaiian postal routes at a revised rate that is anticipated to result in improved earnings and profitable margin for Alpine Air. Gene Mallette, Alpine Air's CEO, stated, "We are extremely pleased to have forged an agreement with the U.S. Postal Service to continue operations in the Hawaiian Islands while the long-term contract is being resolved. We now have the rate structure on these routes better aligned with the actual cargo volume being tendered. We do anticipate that a long-term contract will be awarded for the routes desired by Alpine Air after the bid process has been resolved. The company will make further announcements as it becomes aware of additional facts pertaining to these Hawaiian contracts." About Alpine Air Founded in 1975, Alpine Air, a wholly owned subsidiary of Alpine Air Express Inc., provides competitively priced scheduled air cargo flights throughout the western and southwestern United States. The company has an established client base that includes various contract operations and the U.S. Postal Service. Alpine Air provides superior "on time" performance and reliability, together with the flexibility to adapt quickly to the growing frequency and capacity requirements of its clients. This press release may contain forward-looking statements including the company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, realization of U.S.P.S. projected volumes, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.