Michael W. Towe Placed as the CFO of World Air Holdings

April 2006 - ChampionScott Partners has placed Michael W. Towe at World Air Holdings (www.worldairholdings.com) as the company's new Chief Financial Officer. Based in Peachtree City, GA, World Air Holdings is the parent company of World Airways, North American Airlines and World Risk Solutions, Ltd. Through World Airways and North American, World Air Holdings has a combined 70 year history of providing cargo and charter air transportation services to the U.S. Air Force, major international airlines, major international freight forwarders, international leisure tour operators and, more recently, cruise ship companies.

Mr. Towe joined World Air Holdings from Roper Industries where he was the Chief Financial Officer and directed the finance organization, including accounting, planning, analysis, internal audit, treasury, tax and information systems. Prior experience includes 27 years of global leadership positions with General Electric. He was the Chief Financial Officer/Chief Operating Officer for GE TIP/Modular Space responsible for $1 billion revenue and $3.5 billion assets, Chief Financial Officer, GE Capital, JC Penney Credit Services, Chief Financial Officer & Director, GE Capital Finance LTD, Hong Kong, and Chief Financial Officer & Director, GE Plastics- People Republic of China. Mr. Towe received his MBA from Tampa College and his BBA from Western Michigan University.

ChampionScott Partners is the world's premier retained executive search firm focused exclusively on the technology industry and related sectors. Our firm delivers the personalized focus of a technology boutique combined with the research resources and global reach of a large international firm through our offices in the United States, Europe and Asia. We have conducted over 500 searches and played pivotal roles in the formation of over 200 technology companies around the world. ChampionScott Partners recruits CEOs, their direct reports, and Board Directors for companies ranging from start-ups to the Global 500 in the key technology centers of the U.S., Europe, Japan, China, India and Israel. On every engagement our team provides partner-level knowledge and judgment gained through our decades of experience in the technology industry.