SOURCE: Saudi American Holdings Corp.

August 24, 2007 12:30 ET

Saudi American Holdings Corp. Acquires Trident Aviation Industries

FT. LAUDERDALE, FL--(Marketwire - August 24, 2007) - Saudi American Holdings Corp. (PINKSHEETS: SAHN), an international company that operates transportation and shipping related businesses, announced today it has signed a definitive agreement with privately held Trident Aviation Industries. The agreement calls for Saudi American Holdings Corp. to acquire all operations and assets of Trident Aviation Industries. Trident Aviation Industries is a 17-year-old company located in Ft. Lauderdale, Florida which owns and operates FAA approved aircraft engine maintenance, repair and overhaul facilities, aircraft maintenance, engine component and accessory maintenance facilities and repair and overhaul facilities. As part of the acquisition, both the President and the CEO of Trident Aviation Industries will be joining the Board of Directors of Saudi American Holdings Corp.

Brad van Siclen, a member of the Board of Directors and Vice President of Saudi American Holdings Corp.'s US Division, stated, "We are very pleased with this acquisition and with the company and management team it represents. Our acquisition decision was based upon a cash flow valuation analysis. We believe there are many undervalued companies in North America, regions around the globe and in the Middle East and it is our ultimate goal to realize their best value for their existing shareholders and our own."

Saudi American Holdings Corp. is publicly traded holding company based in Ft. Lauderdale, Florida with the mandate to acquire undervalued, private companies with owners / managers that focus on growing their existing profitability through revenue growth and internal operating efficiency.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act: Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.

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