Leading Independent Proxy Advisor ISS Recommends Insignia Systems, Inc. Shareholders Vote FOR “Item #6, Approval of Voting Rights” Proposed by Air T, Inc.

MINNEAPOLIS and DENVER, N.C., July 05, 2018 — Air T, Inc. (NASDAQ:AIRT), a company with a portfolio of powerful businesses and financial assets that include overnight air cargo operations, ground support equipment manufacturing and local maintenance services, and commercial aircraft asset management and logistics, today commented on the recommendation by leading independent proxy advisor Institutional Shareholder Services (“ISS”) that Insignia Systems, Inc. (NASDAQ:ISIG) shareholders vote FOR “Item #6, Approval of Voting Rights” proposed by Air T. Shareholders are reminded to vote the BLUE proxy card before Insignia’s annual meeting Friday, July 20, 2018 at 9:00 a.m. CT.

Air T, Inc. plus funds affiliated with Air T, Inc. together own approximately 32% of Insignia’s outstanding shares.

In its report, ISS concluded that:1

  • A vote FOR this proposal [Item #6] is warranted, as the concerns relating to the resulting concentration of voting power are not specific enough to overcome the “one share, one vote” principle.

Welcoming ISS’ favorable recommendation, Air T Chairman and CEO, Nick Swenson, commented, “The support of our proposal — ‘Item #6, Approval of Voting Rights’ — by the proxy advisor ISS comes at an important time for Insignia Systems, as it works to revitalize the direction and expertise of its board to better support value creation strategies on which we can all agree. Since 2014, we have been investors in Insignia. We are supportive of their company’s leadership and remain confident in its long-term potential.”

Shareholders are reminded that every vote counts. We urge you to vote using the BLUE CARD sent to you by Air T, Inc. and to vote FOR proposal “Item #6, Approval of Voting Rights.” If you have any questions or require any assistance with providing your proxy or any other matters, please contact Alliance Advisors, our proxy advisor, at 833-795-8496.

Air T, Inc., Groveland Capital LLC and Nicholas J. Swenson (collectively, the “Air T Group”) filed a proxy statement and accompanying proxy card with the Securities and Exchange Commission (the “SEC”) to solicit votes at the 2018 annual meeting of shareholders of Insignia Systems, Inc. As of May 21, 2018, the record date for Insignia’s annual meeting, the Air T Group beneficially owned, in the aggregate, 3,850,282 shares of Insignia, representing approximately 32.2% of the outstanding shares of Common Stock as of such date.

PARTICIPANTS IN PROXY SOLICITATION
Air T, Inc., Groveland Capital LLC and Nicholas J. Swenson are the participants in this proxy solicitation. Information regarding the participants and their interests in the solicitation is included in Air T Group’s proxy statement and other materials filed with the SEC. SHAREHOLDERS OF INSIGNIA SHOULD READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS CAREFULLY AND IN THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION RELATING TO THE ANNUAL MEETING, AIR T GROUP AND AIR T GROUP’S SOLICITATION OF PROXIES. THESE PROXY MATERIALS ARE AVAILABLE AT NO CHARGE ON THE SEC’S WEBSITE AT WWW.SEC.GOV OR FROM ALLIANCE ADVISORS, LLC.

ABOUT AIR T, INC.
Established in 1980, Air T Inc. is a holding company with a portfolio of powerful businesses and financial assets. Our four core segments are: (1) overnight air cargo, (2) aviation ground support equipment manufacturing, (3) aviation ground support maintenance services, and (4) commercial jet engines and parts. The Company’s ownership interests consist of a broad set of operating and financial assets that are designed to expand, strengthen and diversify Air T’s cash earnings power. Our goal is to build on Air T’s core businesses, and when appropriate, to expand into adjacent and other industries that we believe fit into the Air T family. For more information, visit www.airt.net.

FORWARD-LOOKING STATEMENTS
Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including, but not limited to, the risk that contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company’s customers, the Company’s ability to recover on its investments, including its investments in Delphax and other recently acquired companies, the timing and amounts of future orders under the Company’s Global Ground Support subsidiary’s contract with the United States Air Force, and risks and uncertainties related to business acquisitions, including the ability to successfully achieve the anticipated benefits of the acquisitions, inflation rates, competition, changes in technology or government regulation, information technology disruptions, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

1ISS permission was neither sought nor obtained for use of quotes.

CONTACT
Media
Anthony Giombetti
818-821-7530
anthony@giombettipr.com

Leading Independent Advisory Firm Glass Lewis Recommends Insignia Systems, Inc. Shareholders Vote FOR “Item #6, Approval of Voting Rights” Proposed by Air T, Inc.

MINNEAPOLIS and DENVER, N.C., July 02, 2018 — Air T, Inc. (NASDAQ:AIRT) is a diversified holding company with a powerful portfolio of businesses and financial assets, including overnight air cargo operations, ground support equipment manufacturing and local maintenance services, and commercial aircraft asset management and logistics. Today, Air T commented on the recommendation by leading independent proxy advisory firm Glass Lewis that shareholders vote FOR “Item #6, Approval of Voting Rights” put forth by Air T at the upcoming shareholder meeting of Insignia Systems, Inc. (NASDAQ:ISIG) on Friday, July 20, 2018 at 9:00 a.m. CT.

Air T, Inc. plus funds affiliated with Air T, Inc. together own approximately 32% of the Insignia’s outstanding shares. Air T Chairman and CEO, Nick Swenson, commented, “We are pleased to have received the independent support of Glass Lewis who recommends shareholders vote FOR ‘Item #6, Approval of Voting Rights.’ We have been an investor in Insignia since 2014 and applaud the leadership of CEO Kristine Glancy along with the recent steps taken at Insignia to revitalize the direction and expertise of its board to better support value creation strategies on which we can all agree. We remain confident in Insignia’s potential to be a powerful business and to generate free cash flow.”

In particular, Glass Lewis noted that:1

  • Glass Lewis generally believes that the economic stake of each shareholder should match their voting power, and common shareholders should therefore be allowed one vote per share.
  • We believe shareholders should be encouraged by the [Insignia] board’s willingness to enter into a cooperation agreement with Mr. Swenson and the Air T Group.
  • The parties [Insignia’s board and the Air T Group] have agreed on a path forward to accommodate Air T’s substantial investment and involvement in the [Insignia] Company’s affairs. As such, we believe shareholders may reasonably support this proposal.

We urge you to vote using the BLUE CARD sent to you by Air T, Inc. and to vote FOR the Approval of Voting Rights Proposal.

If you have any questions or require any assistance with providing your proxy or any other matters, please contact Alliance Advisors, our proxy advisor, at 833-795-8496.

Air T, Inc., Groveland Capital LLC and Nicholas J. Swenson (collectively, the “Air T Group”) filed a proxy statement and accompanying proxy card with the Securities and Exchange Commission (the “SEC”) to solicit votes at the 2018 annual meeting of shareholders of Insignia Systems, Inc. As of May 21, 2018, the record date for Insignia’s annual meeting, the Air T Group beneficially owned, in the aggregate, 3,850,282 shares of Insignia, representing approximately 32.2% of the outstanding shares of Common Stock as of such date.

PARTICIPANTS IN PROXY SOLICITATION

Air T, Inc., Groveland Capital LLC and Nicholas J. Swenson are the participants in this proxy solicitation. Information regarding the participants and their interests in the solicitation is included in Air T Group’s proxy statement and other materials filed with the SEC. SHAREHOLDERS OF INSIGNIA SHOULD READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS CAREFULLY AND IN THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION RELATING TO THE ANNUAL MEETING, AIR T GROUP AND AIR T GROUP’S SOLICITATION OF PROXIES. THESE PROXY MATERIALS ARE AVAILABLE AT NO CHARGE ON THE SEC’S WEBSITE AT WWW.SEC.GOV OR FROM ALLIANCE ADVISORS, LLC.

ABOUT AIR T, INC.

Established in 1980, Air T Inc. is a holding company with a powerful portfolio of businesses and financial assets. Its four core segments are: overnight air cargo, aviation ground support equipment manufacturing, aviation ground support maintenance services, and commercial jet engines and parts. The Company’s ownership interests consist of a broad set of operating and financial assets that are designed to expand, strengthen and diversify Air T’s cash earnings power. Our goal is to build on Air T’s core businesses, and when appropriate, to expand into adjacent and other industries that we believe fit into the Air T family. For more information, visit www.airt.net.

FORWARD-LOOKING STATEMENTS

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including, but not limited to, the risk that contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company’s customers, the Company’s ability to recover on its investments, including its investments in Delphax and other recently acquired companies, the timing and amounts of future orders under the Company’s Global Ground Support subsidiary’s contract with the United States Air Force, and risks and uncertainties related to business acquisitions, including the ability to successfully achieve the anticipated benefits of the acquisitions, inflation rates, competition, changes in technology or government regulation, information technology disruptions, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

1Glass Lewis permission was neither sought nor obtained for use of quotes.

CONTACT
Media
Anthony Giombetti
818-821-7530
anthony@giombettipr.com

Diversified Holding Company Air T, Inc. Brings Legal Affairs In-house by Naming Mark Jundt as General Counsel

Minneapolis and Denver, NC — Wednesday, May 30, 2018 — Air T, Inc. (NASDAQ: AIRT), a diversified holding company with operations in air cargo, aviation ground support equipment and services, and aircraft engine and airframe parts sales, today announced that Mark Jundt, formerly Principal Legal Counsel of CHS Inc. International business operations and Global Litigation, has joined Air T as General Counsel reporting to CEO Nick Swenson, effective immediately. Mr. Jundt will be based in Air T’s executive offices in Minneapolis.

Air T Chairman and CEO, Nick Swenson, commented, “We are thrilled to welcome Mark to our team. He’s a proven leader with outstanding judgment and broad management, transaction and regulatory experience. Given our growing scale and plans to build upon Air T’s proven value creation strategy, it makes financial and strategic sense to centralize legal affairs with a strong in-house counsel. We are confident that Mark will enhance the success and cost effectiveness of our legal efforts as Air T pursues new investment opportunities and supports the operational success of our existing businesses.”

Mark Jundt, commented: “I am excited to join Nick and Air T’s leadership team, as they have built an impressive, diversified platform for growth that is rooted in a commitment to exemplary long-term shareholder stewardship. I look forward to supporting the continued expansion of the company and its focus of creating sustained, long-term growth from strong, cash flow generating businesses.”

Mr. Jundt brings 15 years of legal experience and accomplishment in mergers, acquisitions, litigation, risk-management, securities law and commercial arrangements. Prior to joining Air T, Mr. Jundt served as Principal Legal Counsel, International and Global Disputes, for CHS Inc., a Fortune 100 company and the nation’s leading farmer-owned cooperative in the global energy, grains and foods business, with over $30 billion in annual revenue. Jundt was responsible for advising CHS senior leadership on legal, regulatory and risk management. He also oversaw and managed CHS’ internal lawyers and legal departments throughout South America and Europe.

Prior to CHS, Mr. Jundt oversaw Litigation and Employment Law at RSM, an international accounting firm based in Minneapolis, MN. Mr. Jundt began his career as a commercial attorney at Blackwell Burke in Minneapolis, supporting many of the firm’s Fortune 500 clients. Mr. Jundt hails from North Dakota, where he obtained a B.S. in Business at North Dakota State prior to earning his juris doctor degree from Hamline University School of Law. Mr. Jundt is a passionate volunteer and contributor to many cancer-related causes.

ABOUT AIR T, INC.

Established in 1980, Air T, Inc. is a diversified holding company with operations in (1) overnight air cargo, (2) aviation ground support equipment manufacturing, (3), aviation ground support maintenance services, and (4) aircraft engine and airframe parts sales. Air T’s ownership interests consist of a broad set of operating and financial assets that are designed to expand, strengthen and diversify its cash earnings power. For more information, visit www.airt.net.

FORWARD LOOKING STATEMENTS

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including, but not limited to, the risk that contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company’s customers, the timing and amounts of future orders under the Company’s Global Ground Support subsidiary’s contract with the United States Air Force, and risks and uncertainties related to business acquisitions, including the ability to successfully achieve the anticipated benefits of the acquisitions, inflation rates, competition, changes in technology or government regulation, information technology disruptions, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT

Media
Anthony Giombetti
818-821-7530
anthony@giombettipr.com

Diversified Holding Company Air T, Inc. Names Brett Reynolds as SVP and CFO

Minneapolis, MN and Denver, NC — Wednesday, May 9, 2018 — Air T, Inc., (NASDAQ: AIRT), a diversified holding company with operations in air cargo, aviation ground support equipment and services, and aircraft engine sales, today announced that it has appointed Brett Reynolds as Senior Vice President, Chief Financial Officer and Principal Financial Officer, effective immediately. Mr. Reynolds will be based in Air T’s executive offices in Minneapolis. Candice Otey, Air T’s former CFO, based in Denver, NC, will continue to serve as Chief Accounting Officer of Air T, Inc. as well as CFO of Air T’s wholly-owned Mountain Air Cargo, Inc. and CSA Air, Inc. air cargo subsidiaries.

Air T Chairman and CEO, Nick Swenson, commented, “We are excited to welcome Brett Reynolds to the Air T family, expanding the capabilities and experience of our senior management team as we pursue new growth avenues. Brett brings an impressive resume and track record of financial management as well as relevant skills in the area of mergers, acquisitions and their successful integration. He also has substantial public company experience which should contribute to enhancing Air T’s visibility and investor relations profile. This is a win-win for the Company as Brett’s appointment will allow Candice Otey to devote more time to her role as CFO of our air cargo subsidiaries and as Air T’s Chief Accounting Officer.”

Brett Reynolds, commented: “I am thrilled to join the Air T organization to help build upon their substantial track record in buying and growing companies to create long-term shareholder value. The Air T platform offers tremendous potential for continued growth and improved profitability and cash flow through additions to the holding company platform combined with strategic guidance and operational discipline. I couldn’t imagine a more perfect opportunity to help build a high-performing company in an entrepreneurial setting.”

Mr. Reynolds brings over 25 years of experience as a results-oriented senior financial executive with significant public company and mergers, acquisition and integration expertise. He most recently served as SVP and CFO of Cogentix Medical, Inc., a publicly-traded medical device manufacturer that was purchased by Laborie Medical Technologies for $239 million in April 2018. Cogentix was formed in March 2015 through the merger of publicly-traded companies Vision Sciences and Uroplasty. Mr. Reynolds joined Uroplasty as SVP and CFO in August 2013. He previously served for seven years as CFO of Synovis Life Technologies, Inc., a publicly-traded medical device manufacturer purchased by Baxter International for $325 million in 2012. Prior to Synovis, Mr. Reynolds served in executive financial positions at Chiquita Processed Foods, LLC, Imation Corp. and Deloitte & Touche LLP.

As part of Mr. Reynolds joining Air T, Inc., he will be granted a warrant to purchase 25,000 shares of the Company’s common stock (the “Warrant”). The Warrant will have an exercise price equal to the lower of: (a) the 120-day volume-weighted average price (‘VWAP’) starting the day on which the trading window opens following the filing of the Company’s Form 10K for fiscal 2018; or (b) the price at which the Company repurchases 25,000 shares of its common stock at the soonest available opportunity following the next open trading window, subject to maximum volume restrictions of 20% of daily volume when the stock price is above $27.50 per share, will have a term of ten years, and will become exercisable in equal installments on the first, second, third, fourth and fifth anniversaries of the date of issuance; provided Mr. Reynolds remains an employee of the Company. The Warrant was a condition of employing Mr. Reynolds and the terms and conditions were approved by the independent members of the Board of Directors and the Compensation Committee under NASDAQ Listing Rule 5635(c)(4).

ABOUT AIR T, INC.

Established in 1980, Air T, Inc. is a diversified holding company with four core industry segments: overnight air cargo, aviation ground support equipment manufacturing, aviation ground support maintenance services, and aircraft engine aftermarket and parts. The Company’s ownership interests consist of a broad set of operating and financial assets that are designed to expand, strengthen and diversify Air T’s cash earnings power. For more information, visit www.airt.net.

FORWARD LOOKING STATEMENT

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties. Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including, but not limited to, the risk that contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company’s customers, the timing and amounts of future orders under the Company’s Global Ground Support subsidiary’s contract with the United States Air Force, and risks and uncertainties related to business acquisitions, including the ability to successfully achieve the anticipated benefits of the acquisitions, inflation rates, competition, changes in technology or government regulation, information technology disruptions, and the impact of future terrorist activities in the United States and abroad. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

###

CONTACT

Media
Anthony Giombetti
818-821-7530
anthony@giombettipr.com

Air T, Inc. Announces Acquisition of Contrail Aviation Support, Inc.

Maiden, NC – July 25, 2016 – Air T, Inc. (NASDAQ Capital Market: AIRT), a diversified holding company, today announced the acquisition of Contrail Aviation Support, Inc., a growing worldwide supplier of surplus and aftermarket commercial jet engine components based in Verona, WI. On July 18, 2016, pursuant to an Asset Purchase Agreement between Contrail Aviation Support, LLC (”New Contrail”), a North Carolina limited liability company and a subsidiary of Air T, Inc., and Contrail Aviation Support, Inc. (“Contrail”) and Joseph Kuhn, the sole shareholder of Contrail, the Acquisition Subsidiary completed the purchase of all of the assets owned, used or usable by Contrail.

In connection with the acquisition, Joseph Kuhn, President of Contrail, was appointed as the Chief Executive Officer of New Contrail, and New Contrail extended employment to all other employees of Contrail. New Contrail will continue to operate the business at the same location in Verona, and customers and vendors should expect a seamless transition of the business to New Contrail.

Nick Swenson, Chairman and CEO of Air T, Inc., said: “We are very excited about this acquisition. It provides Air T with a new and dynamic growth platform within a segment of the aerospace industry that we believe is ripe with opportunity. Joe Kuhn is a skilled executive and talented leader. We welcome him and the Contrail team to the Air T family and look forward to partnering with them in strategically growing this business for the benefit of our collective stakeholders.”

Joseph Kuhn, CEO of Contrail Aviation Support, LLC, said: “My team and I are thrilled to be part of the Air T family. We share the same vision for Contrail Aviation Support and its potential. Air T’s leadership style, corporate resources, and access to capital will help us better serve our customers, expand our capabilities, and be more competitive in a changing industry landscape. We’re looking forward to a bright future ahead.”

For a more detailed description of the Securities Purchase Agreement referred to above, please read the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 19, 2016.  Copies of the Form 8-K may be accessed on the Internet at the SEC’s website, http://www.sec.gov.

About Air T, Inc.

Established since 1980, Air T, Inc. (NASDAQ: AIRT) is a diversified holding company with four core industry segments: overnight air cargo, aviation ground support equipment manufacturing, aviation ground support maintenance services, and aircraft engine aftermarket and surplus parts. Our ownership interests consist of a broad set of operating and financial assets that are designed to expand, strengthen and diversify Air T’s cash earnings power. Our goal is to build on Air T’s core businesses, to expand into adjacent industries, and when appropriate, to acquire companies that we believe fit into the Air T family. For more information, visit www.airt.net.

About Contrail Aviation Support, LLC.

Contrail was founded in 2000 with the goal of being a leading supplier of commercial jet engine aftermarket and surplus material, which power the worldwide narrow body commercial aircraft fleets. Since its inception, Contrail has grown by utilizing its expertise and knowledge of the surplus industry to ensure that the company’s inventory is always relevant for the ever changing market place.  Today, Contrail Aviation Support is a trusted worldwide supplier of surplus and aftermarket commercial jet engine components. For more information, visit www.contrail.com.

###

Media Contact: Anthony Giombetti, GioPR, 818-821-7530; anthony@giombettipr.com

Air T, Inc. to Report Third Quarter Results on February 5

MAIDEN, N.C., Jan. 25, 2016 — Air T, Inc. (Air T) (NASDAQ: AIRT) announced that it will release its results for the third quarter ended December 31, 2015 on February 5, 2016.

Air T operates in several business segments.  Air T is one of the largest, small-aircraft air cargo operators in the United States.  Its Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands.  Air T’s Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world.  The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.  During the quarter ended December 31, 2015, Air T completed an investment in Delphax Technologies, Inc., which designs, manufactures and sells advanced digital print production systems, and organized Air T Global Leasing, LLC, a subsidiary which provides funding for equipment leasing transactions, including transactions for the leasing of equipment manufactured by Global Ground Support and transactions initiated by third parties unrelated to equipment manufactured by Air T or any of its subsidiaries.

SOURCE: Air T, Inc.

Air T, Inc. Completes Investment In Delphax Technologies

MAIDEN, N.C., Dec. 3, 2015 — Air T, Inc. (NASDAQ: AIRT) today announced that it has completed its investment in Delphax Technologies, Inc. (www.delphax.com) and its subsidiary, Delphax Technologies Canada Limited, pursuant to the previously announced Securities Purchase Agreement dated as of October 2, 2015.

Nick Swenson, Air T’s Chief Executive Officer, commented, “Delphax has developed a disruptive inkjet production printing platform, investing over $17 million into the elan™ 500 over the past 5 years. Three elan 500 units have been installed at customer sites, and they are performing in line with expectations. Air T’s debt and equity investment will allow Delphax to build inventories and initiate an effective sales and marketing strategy to accelerate the rollout of the elan 500. In addition, Air T is working with Delphax to develop a competitive leasing program.”

Elan 500 Angle 1140x470 Medium

“Air T has a growth mindset and long-term perspective. We seek to partner with seasoned managers who run high quality businesses. We believe our investment in Delphax comes at the right time and will allow Delphax to effectively market its elan 500 product,” Mr. Swenson continued.

For a more detailed description of the Securities Purchase Agreement referred to above, please read the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 5, 2015.  Copies of the Form 8-K may be accessed on the Internet at the SEC’s website, http://www.sec.gov.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T’s Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United StatesPuerto Rico and the Caribbean Islands. Air T’s Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

SOURCE: Air T, Inc.

Air T, Inc. Subsidiary Extends Kinston Maintenance Facility Lease

MAIDEN, N.C., Nov. 24, 2015 — Air T, Inc. (NASDAQ: AIRT) today announced that its Mountain Air Cargo subsidiary has entered into an agreement to extend the lease of its 60,000 square foot maintenance facility at the North Carolina Global TransPark in Kinston, North Carolina.  The extension initially runs to 2023, though Mountain Air Cargo has the option to extend the lease for up to four additional five-year periods.  The renewal takes effect in 2018, at which time the rental rate will increase by 4% and remain at that level to 2023.  Thereafter, the rental rate increases by 10% at the beginning of each five-year renewal term and remains at that level for that five-year term.  Mountain Air Cargo, an original tenant at the Global TransPark in Kinston, has operated its primary maintenance facility at that location since 1995.

Nick Swenson, Air T’s Chairman and Chief Executive Officer, commented, “With this agreement, Mountain Air Cargo has the ability to extend its lease on this important and long-standing facility to 2043. This agreement provides us with a long-term aircraft maintenance base and the operational flexibility that allows us to continue to provide outstanding maintenance services to our air cargo customer. It also evidences our commitment to our highly skilled and dedicated employees in Kinston. We are proud to be able to continue our association with the Global TransPark, a unique aerospace and logistics business park developed by the State of North Carolina.”

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T’s Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T’s Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

SOURCE: Air T, Inc.

Air T, Inc. To Report Second Quarter Results On November 6

MAIDEN, N.C., Oct. 30, 2015 — Air T, Inc. (Air T) (NASDAQ: AIRT) announced that it will release its results for the second quarter ended September 30, 2015 on November 6, 2015 at 8:00 A.M.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines.  Air T is one of the largest, small-aircraft air cargo operators in the United States.  Air T’s Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft daily in the eastern half of the United States, Puerto Rico and the Caribbean Islands.  Air T’s Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world.  The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

SOURCE: Air T, Inc.

Global Ground Support Awarded New Contract from American Airlines

MAIDEN, N.C., June 30, 2015 — Air T, Inc. (NASDAQ: AIRT) today announced that its subsidiary Global Ground Support, LLC (Global), received a contract award in excess of $32 million for the supply of Global’s Ultimate 2200 aircraft deicing vehicles to American Airlines. The deicers will be equipped with Global’s MIDAS™ vehicle telemetry systems that will provide American Airlines with the latest in glycol fluid reduction technology.

Announcing the order, Global’s President / CEO Michael Moore said: “Global is recognized as one of the world’s leading manufacturers of aircraft deicers.  We are delighted that American Airlines chose Global, and will realize the glycol savings and reduced environmental impact that this new technology will provide for their hub operation at Dallas, Fort Worth (DFW).  Global has spent several years developing our exclusive MIDAS™ telemetry system and we are very proud that American is the latest of four large North American airlines to add this technology to their fleet.”

Deliveries are expected to be completed in November 2015.

Air T, through its subsidiaries, provides overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other special purpose industrial equipment, and provides ground support equipment and facilities maintenance to airlines. Air T is one of the largest, small-aircraft air cargo operators in the United States. Air T’s Mountain Air Cargo and CSA Air subsidiaries currently operate a fleet of single and twin-engine turbo-prop aircraft nightly in the eastern half of the United States, Puerto Rico and the Caribbean Islands. Air T’s Global Ground Support subsidiary manufactures deicing and other specialized military and industrial equipment and is one of the largest providers of deicers in the world. The Global Aviation Services subsidiary provides ground support equipment and facilities maintenance to domestic airline customers.

Statements in this press release, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties.  Actual results may differ materially from those expressed in the forward-looking statements because of important potential risks and uncertainties, including but not limited to the risk that contracts with major customers will be terminated or not extended, future economic conditions and their impact on the Company’s customers, customer requirements for ground support equipment and facilities maintenance services will be less than anticipated, the timing of orders and deliveries under our contracts, including contracts with the United States Air Force, inflation rates, the impact of competition, changes in technology or government regulation, and the impact of terrorist activities in the United States and abroad.  A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur.  The Company is under no obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: Air T, Inc.