Fort Worth—March 6, 2008 Ranger Aerospace, a private equity industry consolidator currently specializing in investments in the rotorcraft services industry, has teamed with Heli-X for the acquisition, refurbishment, and re-sale of turbine powered high-end helicopters for domestic and international helicopter customers and fleet operators. Heli-X (Helicopter Exchange, Ltd.) is a DFWbased helicopter sales and brokering company that is considered by Ranger’s capital partners as an expert in rotorcraft appraisals and transactions. The business model for this venture is based on mutual sharing or risk and profit. On a preferred but non-exclusive basis, Heli-X will source helicopter transactions; Ranger and its institutional partners will fund both the equity and the senior-floor financing for helicopter purchases that are acceptable to Ranger’s board. On a preferred but non-exclusive basis, Ranger’s helicopter overhaul and completion subsidiaries will then perform refurbishments to the project helicopters. Heli-X will re-market the upgraded helicopters to their worldwide array of customers, and Heli-X and Ranger will share in the profits upon resale, commensurate to their respective risks. The venture is designed to expand the sales reach for Heli-X and provide additional MRO/Completions projects for Ranger. Ranger’s capital partners will have certain minimum levels of return predicted in each acquisition and resale.