West Chester, PA — Keystone Helicopter , an industry leader in helicopter services for 50 years, completed its planned Phase One facilities acquisition on December 31, 2002, for its future rotorcraft services Heliplex in Chester County, Pennsylvania.

The initial 15 acres, bordering Chester County Airport in Coatesville, Pennsylvania, includes a 52,000-square-foot industrial building which will be retrofitted for Keystone Helicopter’s shop operations. The company is negotiating to obtain additional acreage, with plans for substantial hangar facilities to be built adjacent to the large shop building.

Steve Townes, CEO, said, “Keystone Helicopter is on the move. We are growing aggressively. The new Heliplex is an integral part of our growth strategy. We thank the state of Pennsylvania for its help in allowing us to relocate so many good jobs to such a great community.”

Keystone Helicopter is one of the largest and oldest helicopter services companies in the United States . Founded in 1953, Keystone operates a large fleet of turbine helicopters in multiple locations across several eastern states, primarily in the air medical mission. The firm also operates a large technical services depot and completion center near Philadelphia . Keystone Helicopter is owned by Keystone Ranger Holdings, Inc., a Philadelphia-area private equity investment organization that specializes in aviation-related ventures. Additional information is available on the Web at: www.keystonehelicopter.com and at www.rangeraerospace.com.

Forward Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that are beyond the Company’s control and may cause actual results to differ materially from management’s expectations.