Equity Update

Dear Sisters and Brothers:

There will be a meeting held at the end of this month regarding the status of the equity stake investments. We will receive a breakdown of the investments at that time. Also, we have not received any additional information as of yet regarding the hearing on December 13th on the Demetris/Ledbettter appeal.

As additional information is received, it will be forwarded accordingly.

Fraternally,

Mike Mayes

Air Division Director