World Air Holdings stockholders vote in favour of merger

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World Air Holdings Inc (OTC: WLDA.PK) has said it now has the results of its special meeting of stockholders held on 18 July to vote on the amended merger agreement with Global Aero Logistics Inc.

The company said the stockholders of World Air Holdings overwhelmingly indicated support for the merger transaction suggested by the amended merger agreement and, of the shares voted at the meeting, stockholders approved adoption of the amended merger agreement by more than 98%.

The company also said it has received all required regulatory approvals, except notification from the Department of Transportation, which is reviewing the merger agreement. After the company's 2007 first quarter 10-Q is filed, the next step will be for Global Aero Logistics to secure financing in accord with the amended merger agreement.

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