A NEWS RELEASE

Air Freight firm expands Bank Service

New London, CT, May 30, 2008. Lawrence Sterling, president of the New London based carrier Royal Air Freight,
announced today the addition of a daily freight service between Concordia National Bank branch offices in New Canaan, Bridgeport, and New Haven, and the home office in New London, effective June 14, 2008. The expanded service is made possible by RAF’s purchase of two new single-engine Algonquin Turboprops, to be devoted to branch service runs. This brings the total number of aircraft in the RAF fleet to 30. Until now, RAF had been operating a freight service between the above locations just once a week.

At just 35 years of age, Lawrence Sterling is credited with revolutionizing bank transportation systems, allowing the COncordia National Bank to reduce costs by thousands of dollars. Sterling, whose company is 12 months old, states that it has quadrupled its mileage and quintupled its gross profits, in the last five months. According to Sterling, increased financial activity over the last decade necessitated the switch from ground to air carrier service to meet intra-bank deadlines. More recently, rising fuel costs have led such banks as CNB to turn to the use of single-engine carriers for cost efficiency. Sterling expects other banks to follow suit and it already in talks with another major bank. If successful, he plans to hire up to twenty additional employees.

1.     

What can be said about RAF?

          a)  It is a young fast growing company.

          b)  It has low overhead and high revenues.

          c)  Its president also works fro CNB.

          d)  Its president is a pilot.

2.     

What has made RAF’s expansion necessary?

          a)  The purchase of two new planes.

          b)  An increase in transactions between bank branches.

          c)  The expansion of CNB into several other towns.

          d)  A drop in fuel costs.

3.     

Which of the following statements is TRUE?

         

          a)  RAF will expand its air freight service to other states in the nest decade.

          b)  RAF added weekly freight service to New Canaan, Bridgeport, and New Haven.

          c)  RAF has doubled its profits in the last half year.

          d)  It is less expensive to use single-engine airplanes than trucks.

4.     

When will the new freight service begin?

          a)  Next year

          b)  In a few months

          c)  Two weeks after the news release

          d)  After talks with a major bank