Press Release

Issued by World Fuel Services.

January 24, 2011

World Fuel Services Corporation (NYSE:INT) announced today that its wholly-owned subsidiary, World Fuel Services, Inc., has signed a definitive agreement to acquire Ascent Aviation Group, Inc. ("Ascent") a leading distributor of aviation fuel and deicing fluids.

Ascent, based in Parish, New York, supplies aviation fuel and deicing fluid to more than 450 airports and fixed base operators throughout North America. Ascent is a national branded reseller of aviation fuel for ConocoPhillips and is the exclusive third-party distributor of deicing fluids for Dow in the United States.

"We are pleased to welcome Ascent to World Fuel," stated Michael J. Kasbar, president and chief operating officer of World Fuel Services Corporation. "Combined with the recent acquisitions of Western Petroleum and the Hiller Group, this acquisition further expands our general aviation business and enhances our product offering to include deicing fluids."

"We are excited about the opportunities that joining a company with the financial strength and industry expertise of World Fuel brings to our business," stated Had Fuller II, chief executive officer of Ascent.

The transaction, which is expected to be $0.03 to $0.05 accretive to earnings in the first twelve months, is subject to customary closing conditions and is expected to be completed within 30 days.