World Air investors to nominate three to board

By Lisa Kerner

Charlotte, N.C., March 16 - World Air Holdings, Inc. investors led by the Clinton Group, Inc. intend to appear in person or by proxy at the company's 2007 annual meeting to nominate General David M. Snyder for election to World Air's board of directors.

The investors had previously notified the company of their intentions to also nominate George E. Hall, Conrad Bringsjord and Sen. John Breaux as candidates for election to the board, according to a schedule 13D filing with the Securities and Exchange Commission. General Snyder's nomination is in lieu of Breaux's nomination.

On March 15, the Clinton Group, in a letter to the board, expressed "extreme disappointment with the performance" of World Air.

"We again protest the utter lack of transparency in the company's dealings with its shareholders, exemplified by the glaring lack of shareholder communication, an inability to timely provide SEC financials, and minimal guidance as to the evaluation of strategic alternatives by the company and its financial advisors, Legacy Partners," the letter, included in the SEC filing, stated.

The Clinton Group beneficially owns 1,174,628 shares, or 5.3%, of World Air, a Peachtree, Ga., holding company for World Airways, Inc.

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