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Air Methods Reports 1Q2008 Results and 2Q2008 Update
Date:5/8/2008

number of factors, including but not limited to the integration of CJ into our existing operations, the size, structure and growth of the Company's air medical services and products markets; the collection rates for patient transports; the continuation and/or renewal of air medical service contracts; the acquisition of profitable Products Division contracts and other flight service operations; the successful expansion of the community-based operations; and other matters set forth in the Company's public filings.

CONTACTS: Aaron D. Todd, Chief Executive Officer, (303) 792-7413 or Joe Dorame at Lytham Partners, LLC at (602) 889-9700. Please contact Christine Clarke at (303) 792-7579 to be included on the Company's fax and/or mailing list.

AIR METHODS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(Amounts in thousands)

March 31, 2008 December 31, 2007

ASSETS

Current assets:

Cash and cash equivalents $12,510 5,134

Trade receivables, net 127,530 135,633

Other current assets 63,392 74,090

Total current assets 203,432 214,857

Net property and equipment 110,473 114,746

Other assets, net 42,704 39,949

Total assets $356,609 369,552

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Notes payable related to assets held

for sale $12,549 24,203

Current portion of indebtedness 18,612 18,350

Accounts payable, accrued expenses

and other 57,104 59,546


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SOURCE Air Methods Corporation
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