Wolf Resources, Inc.

March 29, 2010 16:52 ET

Airline Intelligence Systems Inc. Completes Reverse Merger With Wolf Resources, Inc.

KIRKLAND, WASHINGTON--(Marketwire - March 29, 2010) - Wolf Resources, Inc. ("Wolf") today announced that it has completed a reverse merger with Airline Intelligence Systems Inc. ("AISystems"), effective March 19, 2010. In connection with the transaction, certain shareholders of AISystems received approximately 51,960,523 common shares and 1,692,240 Series B Preferred shares of Wolf, or approximately 50.8% of the issued and outstanding Wolf common shares and 72.63% of the issued and outstanding Series B Preferred shares. In addition, up to an additional 64,289,477 shares of Wolf common stock and 637,665 shares of Wolf Series B preferred stock may be issued to AISystems shareholders upon the delivery of additional shares of AISystems stock, assuming 100% delivery of the AISystems stock, which will represent a total of 116,250,000 shares or approximately 75% of Wolf's issued and outstanding common stock on a fully diluted basis and a total of 2,329,905 shares or 100% of our issued and outstanding Series B preferred stock.

AISystems has the exclusive and perpetual license to use proprietary technology to develop a unique proprietary business platform for the airline industry that is comprised of systems and mathematical algorithms capable of generating significant improvements in strategic planning capabilities, resource scheduling, revenue management and integrated operations.

"We are pleased to complete our reverse merger transaction which will allow us to have access to public capital markets and would like to thank our new and existing shareholders for their commitment to our company." AISystems President & CEO Mr. Stephen C. Johnston stated.

Salman Ullah, PhD, Managing Director of Merus Capital, a leading venture capital firm based in Palo Alto, CA, and a key investor in the Company commented, "AISystems has groundbreaking technology with a mathematical foundation that redefines resource planning and scheduling. We are excited to be associated with AISystems." Prior to founding Merus Capital, Mr. Ullah served as Vice President, Corporate Development at Google responsible for all investments and acquisitions.

Wolf has filed a Current Report on Form 8-K with the Securities and Exchange Commission describing in more detail the terms of the reverse merger.

About AISystems

AISystems has the exclusive and perpetual license to use proprietary technology to develop a unique proprietary business platform for the airline industry that is comprised of systems and mathematical algorithms capable of generating significant improvements in strategic planning capabilities, resource scheduling, revenue management and integrated operations. More information about AISystems can be found at www.ai-systems.com.

About Merus Capital

Merus Capital was founded to support the next generation of software and Internet entrepreneurs. More information about Merus can be found at www.meruscap.com.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including changes from anticipated levels of sales, future national or regional economic and competitive and regulatory conditions, changes in relationships with customers, access to capital, difficulties in developing and marketing new products, marketing existing products, customer acceptance of existing and new products, and other factors. Additional Information regarding risks can be found in the Company's Annual Report on Form 10-K and in the Company's recent report on Form 8-K filed with the SEC. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

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