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Published on 4/30/2007 in the Prospect News Special Situations Daily.

Riley Investment Partners report 4.3% stake in World Air Holdings

By Lisa Kerner

Charlotte, N.C., April 30 - World Air Holdings, Inc. investors led by Riley Investment Partners Master Fund, LP purchased 654,300 shares of the company's stock between April 9 and April 27 priced from $11.80 to $11.95, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 973,406 shares, or 4.3%, of the Peachtree, Ga., holding company's common stock.


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