updated 12/14/2010 8:46:42 AM ET 2010-12-14T13:46:42

CARSON CITY, Nev., Dec. 14, 2010 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), an aerospace/defense services contractor that offers air-combat training, aerial refueling, aircraft maintenance training, international disaster relief services, and other aerospace/defense services to the United States and foreign militaries, was made aware of an error in the press release titled "Tactical Air Defense Services Executes Acquisition Agreement with Tactical Air Support, Inc." that was distributed yesterday, December 13, 2010.

In the section titled "Following the closing of the transaction, the Parties have agreed that:", the Company inadvertently referred to General Ronald R. Fogleman as General Robert R. Fogleman.

The Company herein corrects the error to read as follows:

  • General Ronald R. Fogleman, former Chief of Staff of the U.S. Air Force, former member of the United States Joint Chiefs of Staff, and Chairman of the Board of Directors of Alliant Techsystems, Inc. shall become Chairman of the Board of Directors of Tactical Air Defense Services, Inc.

Alexis C. Korybut, CEO of TADF, states: "We extend our sincerest apologies to General Fogleman for the inadvertent error on our part. It is an honor to have the opportunity to be associated with General Fogleman. We look forward to the guidance, experience, and insight that General Fogleman can bring to TADF, as Chairman of the Board of Directors, subsequent to closing of the acquisition.

Make sure you are first to receive timely information on Tactical Air Defense Services when it hits the newswire. Sign up for TADF's email news alert system today at: http://ir.stockpr.com/tads-usa/email-alerts

Further information about TADF is available on our web site: www.tads-usa.com .

Further information about Tac-Air is available at: www.tacticalairsupport.com .

Safe Harbor Statement           

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

          Investor Relations Contact:
          Gerald N. Kieft
          (772) 219-7525

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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