KHK Kitty Hawk

Kitty Hawk, Inc. (AMEX:KHK) announced today that it has launched a new web-site, incorporating an initial series of enhancements and some new capabilities for its expedited air and ground freight domestic and international customers. The new website provides an Internet-based common communications portal for access to all Kitty Hawk products and services, as well as a wide range of administrative and accounting functions. Highlights of the new or updated features introduced on khcargo.com include: Worldwide online booking for air and/or ground shipments Customer on-site printing for Master Air Waybill/Ground Bill of Lading Customer on-site printing for shipping labels Online tracing/tracking of Air Waybills (AWB) and Ground PRO numbers (PRO) Expanded online search capabilities: select shipment information by date ranges, origin and/or destination stations, as well as by specific shipment numbers Improved presentation of track/trace data: actual � or scheduled � arrival times Online invoicing - full search, download, and printing of invoices (all accessible and searchable by date ranges and by AWB or PRO numbers) Enhanced account administration � designated customer account administrators can easily add and manage their own staff IDs and passwords Additional site and data security � a number of features have been implemented to make all customer transactions more secure and ensure website integrity. �Culminating many of the product and service changes introduced for the benefit of our Customers over the last few years, the Kitty Hawk Team is perhaps most pleased to start rolling-out the Company�s new website as the first in a rapid series of Information Technology improvements in 2007,� said Robert W. Zoller, president and chief executive officer of Kitty Hawk, Inc. �The new web site will provide our Customers with easier, expanded access to information about their shipments, their account or our Company. In addition, as the Kitty Hawk air and ground businesses grow in size and complexity we have designed the entire Information Technology platform to be scalable and able to accommodate such growth. �The new Website is yet another key step in our journey to ensure Kitty Hawk remains the industry leader in seamless, integrated air and ground shipping for �mission-critical�, high-security and high-value freight products and services. In the years ahead customer-focused technology will help us significantly expand geographically as well as improve our competitive position.� In the coming months, Kitty Hawk will be introducing additional features on its web site, including: The ability to accommodate additional Customer, shipper and consignee data Online access to historical documents: e.g., Air Waybills, Invoices, and PODs The ability to securely download Customer-specific tariff and schedule information in a digital format The ability to track shipments and create customized information for mobile devices, such as Blackberry� or Treo�, and enhancements to real time shipment tracking. The web site is the result of an interactive collaboration between Kitty Hawk and several of its key customers. �This is the just the first, exciting step for a number of technology initiatives to be rolled out by Kitty Hawk for its customers in 2007,� concluded Zoller. About Kitty Hawk, Inc. www.kittyhawkcompanies.com; www.khcargo.com As a recognized leader in customer service, Kitty Hawk is the premier provider of guaranteed, mission-critical, overnight air, second morning-air and expedited ground freight transportation to major business centers, international freight gateways and surrounding communities throughout North America, including, Alaska; Hawaii; Toronto, Canada; and San Juan, Puerto Rico. Kitty Hawk�s scheduled freight network and award-winning guaranteed overnight air or expedited ground products are ideal for heavy-weight (over 150 lbs.), high-value or high-security, special goods with unique dimensions, perishables, animals and/or other shipments requiring special handling. 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, domestic and international airlines and logistics companies with its extensive integrated air and ground network, fleet of Boeing 737-300SF and 727-200 cargo aircraft, as well as a 240,000 square-foot cargo warehouse, U.S. 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 U.S., 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. 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 scheduled airport-to-airport expedited ground freight network; failure of key suppliers and vendors to perform; our inability to attract sufficient customers at economical prices for our air network or ground network; unforeseen increases in liquidity and working capital requirements related to our air and ground network; potential competitive responses from other operators of nationwide airport-to-airport ground freight 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; limitations upon financial and operating flexibility due to the terms of our revolving facility; liability and other claims asserted against the Company; labor disputes; the Company's ability to attract and retain qualified personnel; and inflation. For a discussion of these and other risk factors, see the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. 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 release to conform them to actual results.