Bayside Capital

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FOR MORE INFORMATION, CONTACT:

John Caple
jcaple@bayside.com

Andrew Brown
abrown@bayside.com

Bayside Capital
1001 Brickell Bay Drive
Miami, FL 33131
Ph: (305) 379-8686

BAYSIDE CAPITAL COMPLETES ACQUISITION OF AIRNET SYSTEMS, INC.

MIAMI, FL – June 10, 2008 – Bayside Capital, Inc. ("Bayside") an affiliate of H.I.G. Capital, announced that it has completed the acquisition of AirNet Systems, Inc. ("AirNet"). Headquartered in Columbus, OH, AirNet operates an integrated national transportation network and provides tailored solutions to banks and other time-critical small package shippers including its customers in the life sciences and media and entertainment industries.

Bruce D. Parker, Chairman of the Board, Chief Executive Officer and President of AirNet, said, "With the transaction now behind us, we are excited about our new partnership with Bayside and our joint commitment to continue to serve our Express and Bank customers and to grow in the express and dedicated charter marketplace."

John Caple, of Bayside, said, "We are excited to be acquiring AirNet and look forward to working with its employees and management to continue AirNet's success. We feel especially fortunate to inherit such a great organization that we can build into an even better company."

About AirNet Systems, Inc.
AirNet Systems, Inc. focuses its resources on providing value-added, time-critical aviation services to a diverse set of customers in the most service-intensive, cost-effective manner possible. AirNet operates dedicated charters and an integrated national transportation network that provides expedited transportation services to banks and time-critical small package shippers nationwide. AirNet’s aircraft are located strategically throughout the United States. To find out more, visit AirNet's website at www.airnet.com.

About Bayside Capital
Bayside Capital is a private investment firm which actively invests in the debt and equity of middle market companies that can benefit from operational enhancements, improved access to capital, or balance sheet realignments. With the ability to provide capital through a broad array of securities including senior and subordinated debt, equity, Debtor-In-Possession facilities, and special situation loans, Bayside has the experience and resources to help companies quickly resume growth initiatives and improve their strategic position. Bayside Capital is an affiliate of H.I.G. Capital, a leading global private equity investment firm specializing in acquisitions and recapitalizations of middle market businesses. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco in the U.S. as well as, affiliate offices in London, Hamburg and Paris in Europe, H.I.G. is one of the most active private equity investors in small and medium-sized companies. We have available in excess of $7.5 billion of committed equity capital to support our investment activities. In the last decade, we have invested in over 200 companies with combined revenues of over $7 billion. For more information, please refer to the Bayside Capital website at www.bayside.com.