KHK Kitty Hawk

Kitty Hawk, Inc. (AMEX:KHK) announced today that its wholly-owned subsidiary, Kitty Hawk Cargo, Inc., has appointed Gregg Sayler as Vice President for Ground Sales, a newly-created position. Mr. Sayler, 47, will direct the marketing and sales effort for Kitty Hawk�s independent ground transportation network. He will focus initially on developing an enhanced ground sales strategy, additional network growth opportunities and potential new products and services. Mr. Sayler will report to Steven Markhoff, Senior Vice President and Chief Operating Officer of Kitty Hawk Cargo. �Gregg�s career includes leadership roles across the spectrum of logistics and shipping management, including sales strategy and organization, operations and financial management,� said Robert W. Zoller, president and chief executive officer of Kitty Hawk, Inc. �With this diverse background, broad experience and unique perspective on our industry, he brings exceptional judgment, and we expect him to contribute profoundly toward the continued growth of Kitty Hawk�s ground product. �During Kitty Hawk�s recent execution of its C-NET contract with the U.S. Postal Service, Kitty Hawk demonstrated the strength, flexibility and long-term value of its unique, seamless and independent overnight air and expedited ground freight transportation network. We look forward to Gregg�s leadership as we build on this success, further strengthen our network and continue to deliver exceptional service to the freight forwarder and logistics community. We are proud to welcome him to the Kitty Hawk family,� Mr. Zoller concluded. From 1982 to 1994, Sayler held executive positions including CFO of FORWARD AIR, Landair Transport and Landair Services. In 1994, Mr. Sayler founded Airline Logistics, a non-asset freight forwarder and logistic company based in Greenville, Tennessee. Airline Logistics has been a General Sales Agent (GSA) for Kitty Hawk Cargo since 2006. Since 1994, in addition to his responsibilities at Airline Logistics, he has also held several other consulting or project management positions in the logistics and shipping industries. He was an executive vice president with Xpress Global Systems; Managing Director at Pan Am Clipper Cargo; Project Coordinator for Cargo Sales at Turkish Airlines; CFO for James & Donohew Development of Columbus, Ohio, a developer of airport property; and, COO of Inland Air Services, an operator of on-airport properties. Mr. Sayler earned his B.S. in Business Administration at the University of Tennessee. About Kitty Hawk, Inc. www.kittyhawkcompanies.com As a recognized leader in customer service, Kitty Hawk is the premier provider of guaranteed, mission-critical, scheduled overnight air and beginning October 31, 2005 of scheduled time-definite coast-to-coast expedited ground freight transportation to major business centers and surrounding communities throughout North America, including, Alaska, Hawaii, Toronto, Canada, and San Juan, Puerto Rico. With more than 30 years experience in the aviation and air freight industries, Kitty Hawk plays a key connecting role in the global supply chain. Kitty Hawk serves the logistics needs of more than 550 freight forwarders, integrated carriers, logistics companies and major airlines with its extensive integrated air and ground network, fleet of Boeing 737-300SF, Boeing 727 and contracted Boeing 767 cargo aircraft, as well as a 239,000 square-foot cargo warehouse, US Customs clearance and sort facility at its Fort Wayne, Indiana hub. In 2005, Kitty Hawk became the North American launch customer for the fuel-efficient and environmentally friendly Boeing 737-300SF cargo aircraft. In late 2005, Kitty Hawk launched its new coast-to-coast and border-to-border expedited ground network reaching key business centers throughout the US, Canada and Mexico. In early 2006, to manage the growing demand for its high customer service ground freight product Kitty Hawk formed Kitty Hawk Ground, Inc. In June 2006, Kitty Hawk Ground acquired and began integrating the majority of the assets of 20-year-old Air Container Transport (ACT), the dominant expedited airport-to-airport freight trucking company operating from Southwestern Canada to San Diego as well as additional cities as far east as Texas and Illinois. In early 2007, Kitty Hawk will launch its state-of-the-art, internet-based cargo management computer system, greatly enhancing customer service and communications as well as providing a common technology and platform for air, ground and regional hub operations, management reporting and administration. Statement under the Private Securities Litigation Reform Act: This report may contain forward-looking statements that are intended to be subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or future financial and operating performance and involve known and unknown risks and uncertainties that may cause actual results or performance to be materially different from those indicated by any forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as �forecast,� �may,� �will,� �could,� �should,� �expect,� �intends,� �plan,� �believe,� �potential� or other similar words indicating future events or contingencies. Some of the things that could cause actual results to differ from expectations are: economic conditions; the impact of high fuel prices; our inability to successfully implement and operate our expanded ground network; failure of key suppliers and vendors to perform; our inability to attract sufficient customers at economical prices for our expanded ground network; unforeseen increases in liquidity and working capital requirements related to our expanded ground network; potential competitive responses from other operators of coast-to-coast less than truckload networks; the continued impact of terrorist attacks, global instability and potential U.S. military involvement; the Company�s significant lease obligations and indebtedness; the competitive environment and other trends in the Company�s industry; changes in laws and regulations; changes in the Company�s operating costs including fuel; changes in the Company�s business plans; interest rates and the availability of financing; liability and other claims asserted against the Company; labor disputes; the Company�s ability to attract and retain qualified personnel; inflation; and costs. For a discussion of these and other risk factors, see Item 7 of the Company�s Annual Report on Form 10-K for the year ended December 31, 2004. All of the forward-looking statements are qualified in their entirety by reference to the risk factors discussed therein. These risk factors may not be exhaustive. The Company operates in a continually changing business environment, and new risk factors emerge from time to time. Management cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on the Company�s business or events described in any forward-looking statements. The Company disclaims any obligation to publicly update or revise any forward-looking statements after the date of this report to conform them to actual results.