updated 2/22/2011 7:46:03 AM ET 2011-02-22T12:46:03

CLEARWATER, Fla., Feb. 22, 2011 (GLOBE NEWSWIRE) -- ALAS Defense Systems, Inc. (Pink Sheets:VDSC), today announced that it began scheduling live demonstrations for early March of its UAV and Service to both Military and Commercial users which have expressed interest in our products. Alvin Ayers, CFO of ALAS Defense Systems said, "We are excited about the upcoming live demonstrations and the opportunity to show the effectiveness of our products."

And: ALAS signs another Distributor group:

"J. P. Fortune Group, located in Los Angles, has become a distributor for our UAV products," said Ayers, "They will concentrate upon the West coast market and also Central and South America. There is significant interest in utilizing the abilities and cost effectiveness of UAV's which have been expressed by government agencies that continue to wage the war on drugs."

"We feel that the Fortune Group will make a substantial contribution to our success," said Ayers.

About ALAS Defense Systems, Inc.:

ALAS Defense Systems, Inc. is a holding company which owns and operates through its wholly owned subsidiary, Redtide Defense Group, Inc. ( http://www.redtidedefense.com/ ) which is a manufacturer of UAV (Unmanned Aerial Vehicles). The Company has created an inexpensive and, it believes, technically superior solution to the growing $6 billion dollar a year worldwide market demand for UAV's. The Company is looking to grow both organically and through strategic acquisitions.

Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

CONTACT: Investor Relations
         Alvin Ayers
         727-561-0077
         aayers.alas@gmail.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.04%
$30K home equity loan FICO 5.23%
$75K home equity loan FICO 4.66%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.28%
13.27%
Cash Back Cards 17.74%
17.72%
Rewards Cards 17.01%
16.98%
Source: Bankrate.com