Ranger Aerospace Appoints Financial Controller

FORT WORTH, Texas, March 14 /PRNewswire/ -- Ranger Aerospace, a private equity consolidator currently specializing in investments in the rotorcraft services industry, has appointed Deborah Barnett, CPA, as Controller. Barnett has significant financial experience in the aviation industry including nearly 20 years at Bell Helicopter where she served as Director of Accounting and Director, Credit & Finance. She has previously served as a Controller in other industry segments and began her career with several years of Big 4 public accounting experience.

Steve Townes, CEO and founder of Ranger Aerospace, said: "Deborah Barnett is a significant addition to our professional holding-company staff. We expect that she will have a positive impact upon financial planning and controls in our subsidiaries. She will shape and manage our fiscal control processes as Ranger continues the aggressive pursuit of additional acquisitions and internal growth investments."

Ms. Barnett graduated magna cum laude from Texas Christian University with a BBA in Accounting and has been a CPA since 1980. Her years at Bell Helicopter make for a direct fit with Ranger's current and planned holdings. John Murphey, former Chairman of Bell and a member of Ranger's board of directors said, "Deborah Barnett is top notch, a sound addition to Ranger's impressive aerospace management team."

"I have admired the outstanding efforts of Ranger Aerospace over the past ten years and am genuinely pleased to join its group of aviation professionals," said Barnett. "Further, I am excited about the growth opportunities in the rotorcraft industry and the tremendous possibilities at Ranger. Our capital capabilities are stronger than ever, and the market segment is booming."

Ranger Aerospace, with offices in Irving TX, is a privately held investment and management holding company that partners with private equity institutions to acquire and grow companies in aviation services and aerospace support operations. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in aviation services, aerospace programs, engineering, finance, corporate development, MIS, marketing & strategic planning, Total Quality Management, mergers & acquisitions, post-merger integration, and turnarounds.

Additional Information can be found on the web at http://www.rangeraerospace.com, http://www.integratedflightsys.com, and http://www.texasaviationservices.com. Previous Ranger Aerospace investments can be viewed at http://www.keystonehelicopter.com and http://www.asig.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.