Air Methods Closes Acquisition of Sundance Helicopters, Inc.

Mon Dec 31, 2012 4:01pm EST

* Reuters is not responsible for the content in this press release.

DENVER, Dec. 31, 2012 (GLOBE NEWSWIRE) -- Air Methods Corporation (Nasdaq:AIRM), the global leader
in air medical transportation, announced today that it has successfully completed its acquisition
of Sundance Helicopters, Inc. (Sundance), a helicopter tour operator based in Las Vegas, Nevada.
Sundance is a leader in helicopter tour operations, focusing primarily on Grand Canyon helicopter
tours, but also providing helicopter services to support fire fighting, natural resource agency
operations, vertical lifts, aerial photography/motion pictures, news gathering, and aerial
surveying. Sundance generated consolidated revenue of approximately $52.3 million for the fiscal
year ended March 31, 2012.

Aaron Todd, the Company's chief executive officer, stated, "Air Methods is very pleased to have
completed all the necessary steps to close our acquisition of Sundance within our original
expectation. We continue to believe that the key aviation adjacencies associated with this
acquisition will position us well for success not only in the tour operations market, but also the
fire fighting, natural resource agency operations, vertical lifts, aerial photography, news
gathering, and aerial surveying helicopter sectors. We look forward to Sundance joining the Air
Methods family."

Air Methods Corporation (
) is the global leader in air medical transportation. The Air Medical Services Division is the
largest provider of air medical transport services for hospitals and one of the largest
community-based providers of air medical services. United Rotorcraft Division specializes in the
design and manufacture of aeromedical and aerospace technology. Air Methods' fleet of owned,
leased or maintained aircraft features over 400 helicopters and fixed wing aircraft.

Forward Looking Statements: Forward-looking statements in this news release are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in
this press release that are "forward-looking statements", including statements regarding the
Company's ability to realize key aviation adjacencies associated with the acquisition, are based
on current expectations and assumptions that are subject to risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number of factors,
including but not limited to, entry into a new industry, changes to general, domestic and foreign
economic conditions; the size, structure and growth of the Company's air medical services and
United Rotorcraft Division; the collection rates for patient transports; the continuation and/or
renewal of air medical service contracts; the anticipated impact from the Company's internal
reorganization; extreme weather conditions across the U.S.; development and changes in laws and
regulations, including, without limitation, the impact of the Patient Protection and Affordable
Care Act; increased regulation of the health care and aviation industry through legislative action
and revised rules and standards; and other matters set forth in the Company's filings with the
SEC. The Company is under no obligation (and expressly disclaims any obligation) to update or
alter its forward-looking statements, whether as a result of new information, future events or

The Air Methods Corporation logo is available at

Please contact Christine Clarke at (303) 792-7579 to be included on the Company's fax and/or
mailing list.

CONTACT: Trent J. Carman
         Chief Financial Officer
         (303) 792-7591
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