INVESTOR ALERT: KGS Notifies Horizon Lines, Inc. Purchasers With Losses Greater Than $250,000 of Lead Plaintiff Application Deadline in Securities Class Action Lawsuit -- HRZ

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NEW ORLEANS, LA--(MARKET WIRE)--Jan 5, 2009 -- Kahn Gauthier Swick, LLC ("KGS") announces that a securities class action lawsuit was filed in the United States District Court for the District of Delaware, on behalf of purchasers of the securities of Horizon Lines, Inc. ("Horizon" or the "Company") (NYSE:HRZ - News) between March 2, 2007 and April 25, 2008, inclusive (the "Class Period"). No class has yet been certified in this action.

If you would like to discuss your legal rights, along with the lead plaintiff position and its related responsibilities including overseeing lead counsel with a goal of obtaining a fair settlement, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@kgscounsel.com.

Horizon and certain of its executive officers are charged with violating the Securities Exchange Act of 1934. Among other things, the complaint asserts that investors were misled about the Company's profitability, emanating from Horizon's use of improper price-fixing agreements with its competition, in violation of U.S. antitrust laws. On April 17, 2008, investors first learned the Company was the subject of a United States Department of Justice (the "DOJ") investigation for violations of antitrust laws. On this news, Horizon shares fell $3.53 per share, almost 20 percent.

On April 25, 2008, Horizon shares fell another $3.83 per share, over 20 percent, as the Company reported 1st Quarter 2008 results and revised downward the Company's earnings guidance for the 2008 fiscal year.

Recently, on October 1, 2008, the DOJ announced that three Horizon employees pled guilty for their roles in a conspiracy to eliminate competition and raise prices for the movement of goods between the U.S. and Puerto Rico, by agreeing not to compete for customers, to rig bids submitted to buyers, and to fix the prices of rates, surcharges and other fees charged to customers.

If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than March 2, 2009. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on securities class action litigation with offices in New Orleans and New York City.

KGS' lawyers have significant experience litigating complex securities class actions. Among other cases, KGS has been appointed Lead or Co-Lead Counsel in the following securities cases: In re: U.S. Auto Parts Networks, Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation, S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc. Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.; In re Superior Offshore International, Inc. Securities Litigation, S.D. Tex.; In re Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm. Systems Inc., N.D. Cal.; and In re BigBand Networks, Inc. Securities Litigation, N.D. Cal.

SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may consider to represent your interests in the HORIZON class action. The Private Securities Litigation Reform Act ("PSLRA") permits HORIZON shareholders to choose counsel of their choice to prosecute this action. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the HORIZON action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS. While KGS has not filed suit yet, the firm is currently conducting its own investigation of HORIZON and invites shareholders to evaluate its complaint when choosing counsel.

     Contact:
      
     Lewis Kahn
     Kahn Gauthier Swick, LLC
     650 Poydras St., Suite 2150
     New Orleans, LA 70130
     1-866-467-1400, ext. 100
     Lewis.kahn@kgscounsel.com