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KAPLAN FOX & KILSHEIMER LLP FILES CLASS ACTION AGAINST AVIATION SALES COMPANY

NEW YORK -- September 27, 1999/ Kaplan Fox & Kilsheimer LLP has filed a class action lawsuit against AVIATION SALES COMPANY ("AVS" or the "Company") (NYSE: AVS) and certain of its officers and directors in the United States District Court for the Southern District of Florida.  The suit is brought on behalf of all persons who purchased the common stock of AVS between June 11, 1999 and September 17, 1999, inclusive (the "Class Period").

The complaint charges defendants with violations of the federal securities laws and regulations of the United States.  The complaint alleges that during the Class Period, defendants made false and misleading statements and omissions regarding, among other things:  1) demand for its services, 2) the lease of two Airbus aircraft converted by the Company; 3) costs and expenses; and 4) delays in opening new facilities.  As a result of these misrepresentations and omissions, the price of AVS common stock was artificially inflated during the Class Period.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP which has many years of experience in prosecuting investor class actions and actions involving financial fraud.  For more information about our firm you may visit our website at www.KaplanFox.com. Plaintiff is also represented by Cherry & Flynn, also an experienced law firm.

 If you are a member of the Class, you may move the court, no later than November 22, 1999 to serve as a lead plaintiff for the class.  In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you have any questions about this Notice, the action, or your rights, please contact:

Laurence D. King, Esq.
Christine M. Comas, Esq.

Donald R. Hall, Esq. of Kaplan Fox & Kilsheimer LLP at (800) 290-1952 or (212) 687-1980 or e-mail to: info@KaplanFox.com.

Myron M Cherry, Esq.
Matthew D. Tanner, Esq.
CHERRY & FLYNN
30 N. LaSalle Street
Chicago, IL 60602
Tel: (312) 372-2100
FAX: (312) 853-0279

 

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