CARSON CITY, Nev., Dec. 15, 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, is issuing a letter to its investors written by its post-merger CEO RC Thompson.
Mr. Thompson writes: "Tactical Air Support is structured around what I observed while serving as Commander of Top Gun. We have brought together some of the finest individuals from the U.S. Air Force, Navy, and Marines to create the best consulting, maintenance and air training organization in the world. Our vision is simple: To provide 'center of excellence' level air training, consulting and maintenance to military forces around the world while focusing on maximizing value for our customers.
"In my opinion, one of a CEO's primary obligations is to build shareholder value, which will be a main focus of mine as CEO of TADF. Our strategy to achieve long term shareholder value is to direct our energies towards achieving high customer satisfaction through reliability, cost, and innovation, which I believe will in turn lead to more contracts and greater revenues and earnings.
"This merger has taken a great deal of time to close. This is because, in our opinion, it had to be done in a thoughtful and accretive manner or not at all. As such, we have worked hard to structure this merger in an intelligent way that provides us with the best infrastructure for both organizations and eliminates potential roadblocks to our future success.
"Tactical Air Support is not your typical defense contractor. Unlike most contractors, we are advocates of defense spending budget cuts because it is in this fiscally responsible environment that our business plan becomes most relevant. We believe the current worldwide pace of defense spending is unsustainable. We also believe the day of the 100%, gold plated Department of Defense solution is a thing of the past. We are responsive to restrained defense spending by providing our customers with a high quality product at a very high cost savings.
"Today's fighters cost our world's militaries anywhere from $25,000-$45,000 per hour to operate. It is impractical and wasteful that these costly aircraft would be used to fly as basic radar targets providing negative training for our aircrews. We can offer substitute platforms well under half the cost, and in some cases at 10% of the cost of a modern fighter, and with weapons systems that approximate those flown by any potential foe.
"Our value proposition for air services is simple: For every $500,000 the customer spends on our services, the government saves $2.5M and 1.5 years of fatigue life on its front line fighters.
"We are currently negotiating the acquisition of several very capable aircraft that will allow the new Company to establish a growth profile that would be unachievable by either pre-merger entity on its own. In other words, the synergy of this merger is perfect for both companies. Additionally, we have begun targeting international clients for all tactical air training and maintenance support services, another healthy consequence of this merger.
"For those who have held this stock through these difficult times, I thank you for your commitment, and I look forward to repaying your support many times over. For those who have recently bought TADF, welcome aboard!"
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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.
CONTACT: The WSR Group Investor Relations Contact: Gerald N. Kieft (772) 219-7525 IR@theWSRgroup.com www.theWSRgroup.com