AirNet Systems Announces New Pricing Structure for Bank Customers
16 October 2007 - 8:02AM
PR Newswire (US)
COLUMBUS, Ohio, Oct. 15 /PRNewswire-FirstCall/ -- AirNet Systems,
Inc. (AMEX:ANS) today announced a new pricing structure for it's
weekday bank customers intended to better align price with AirNet's
cost to serve, preserve service to those cities the banking
industry view as important operational centers, and assist bank
customers with orderly implementation of future changes to
deliveries. This new structure incorporates tiered zone pricing
features where cities are categorized by current shipping volumes
based on both origins and destinations. Banks that need to ship
from origins and/or to destinations in non primary (core) cities
will pay tiered surcharges for such shipments, which are tied to
AirNet's cost-to-serve in those markets. Additionally, AirNet has
implemented a Weekday Core Support Fee that will enable AirNet to
continue to provide services for the core cities as the banking
industry's transition to image documents continues. AirNet believes
that these fees will result in more stable and predictable services
as its bank customers continue to reduce check shipments. AirNet
designed this new pricing structure after consulting with banking
customers as they migrate from physical delivery of cancelled
checks to electronic image transfer. The Company notified its
weekday air system banking customers today about the new pricing
plan and AirNet intends to amend its current agreements. Jeffrey
Harris, Chief Operating Officer stated, "The new pricing structure
announced today represents our ongoing commitment to adapt to
changes in the banking industry. We continue to work with our
customers to meet their evolving needs and provide a level of
service that is mutually beneficial to both AirNet and the banking
industry." 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 most service-
intensive, cost-effective manner possible. AirNet operates an
integrated national transportation network that provides expedited
transportation services to banks and time-critical small package
shippers nationwide. AirNet's aircraft are located strategically
throughout the United States. To find out more, visit AirNet's
website at http://www.airnet.com/. DATASOURCE: AirNet Systems, Inc.
CONTACT: Bruce Parker of AirNet Systems, Inc., +1-614-409-4878; or
Bob Lentz of InvestQuest, Inc. for AirNet Systems, Inc.,
+1-614-876-1900 Web site: http://www.airnet.com/
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