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Ticker:WLDAE
Company Name: World Air Holdings, Inc.

Business Overview from 10-K filing for World Air Holdings, Inc.:

Effective January 10, 2005, World Airways, Inc. was reorganized into a holding company structure, which was effected through a merger conducted pursuant to Section 251(g) of the General Corporation Law of the State of Delaware, which does not require stockholder approval. The charter and bylaws of World Air Holdings are the same as the previous charter and bylaws of World Airways, and the directors of World Air Holdings are the same as the directors of World Airways. All of the outstanding shares of common stock of World Airways have been converted on a share-for-share basis into shares of common stock of World Air Holdings (the “Common Stock”), and all stockholders of World Airways became stockholders of World Air Holdings through a non-taxable transaction.  g   

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