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PRESS RELEASE

Palm Beach Gardens, Florida, October 12, 2006…Airport Revenue News (ARN) is pleased to announce an editorial alliance with the Moodie Report, a weekly e-Newsletter for the travel retail industry published by Moodie International, Ltd. The alliance will allow both publications to broaden their respective coverage of commercial revenues and developments in the duty free arena in airports around the world.

Each month ARN will publish a feature story excerpted from Moodie’s e-Newsletter or quarterly magazine. Likewise, the Moodie Report will publish a feature story from ARN in either its weekly or quarterly publications.

“The synergies of this alliance will provide readers of both publications a morehttp://cp.armbrustaviation.com/images/bandeau-h.gif comprehensive look at retailing trends and developments around the globe,” says Pauline Armbrust, President & CEO of Armbrust Aviation Group, publisher of ARN and AirOps. “Additionally, the brand recognition and excellent reputation of the Moodie Report will help ARN gain greater international exposure.”

“We are delighted to enter into an alliance with Airport Revenue News,” said The Moodie Report Publisher and Editor Martin Moodie. “It enjoys an outstanding reputation for its informed, balanced and incisive coverage of all airport commercial revenues and it shares the same values of editorial independence and integrity as we do. The liaison will boost our strength of the key North American market in retail, food & beverage and other commercial sectors.”

About Airport Revenue News
The Airport Revenue News magazine, the ARN Fact Book and AirOps are published by Armbrust Aviation Group (AAG), a full service international aviation publishing and consulting company established since 1992. ARN is regarded as the industry authority in covering airport revenue issues. AirOps is the leading resource for timely news and information on airport operations.

For more information on ARN please go to www.airportrevenuenews.com or contact Ramon Lo at 561.355.8488 ext. 112.

About The Moodie Report
The Moodie Report is published by Moodie International Ltd, a company launched in 2002 and wholly-owned by Martin Moodie, the former Editor and Managing Director of Duty-Free News International. In just four years it has become the leading international media for the travel retail industry, embracing e-newsletter, web and print titles under The Moodie Report brand. The company also organizes the acclaimed Trinity Forum conference which next March becomes a joint venture with Airports Council International World called the ACI Business & Trinity Forum.

For more information please visit www.TheMoodieReport.com or contact Martin Moodie at [email protected]

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