CARSON CITY, Nev., May 13, 2011 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCQB:TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has recently taken possession of an Embraer 314 Super Tucano aircraft (the "Super Tucano" or the "Aircraft") through a joint-venture Services Agreement (the "Agreement") with its pending merger partner, Tactical Air Support, Inc. ("Tac-Air").
The Embraer 314 Super Tucano is a specialty military aircraft renowned for its capabilities in counter-insurgency and air-to-ground bombing, and is the only one of its kind offered in the U.S. through a commercial Aerospace/Defense services contractor. As such, it has generated initial strong demand from both government and commercial operators.
The Company believes that the Super Tucano can be deployed within 60 days on existing Tac-Air government contracts, and has the potential to generate up to $3 million per year of revenue for the companies.
Tac-Air is a highly regarded Aerospace/Defense Services contractor founded by a group of former Navy, Marine, and Air Force Weapon's School Instructors to provide the military and commercial sectors with the highest possible quality of aviation, maintenance and consulting support. Tac-Air has won and successfully executed multiple Aerospace/Defense contracts awarded by divisions of the U.S. Department of Defense. Tac-Air's website is located at .
RC Thompson, Chief Executive Officer of Tac-Air and former Commanding Officer of Top-Gun, stated, "We are very pleased to be partnering with TADF on this ground-breaking project. The Aircraft represents the first step in a comprehensive acquisition strategy to support our forces while consolidating the tactical aviation market from a fragmented 'pick up game' to a more professional environment. This joint venture goes well beyond revenue; it meets a significant training shortfall for our men and women in uniform and should serve as a precursor for many more good things to come. The use of this Aircraft will serve to further join together TADF and Tac-Air as we continue to work towards the merger between our companies."
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Forward Looking Statement Disclosure
Statements contained herein that are not historical facts may be forward looking statements within the meaning of the Securities Act of 1933, as amended. 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, to procure future contracts, to acquire certain assets, or to finalize funding for the purchase of certain assets. 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: Investor Relations Contact: Gerald N. Kieft The WSR Group (772) 219-7525 IR@theWSRgroup.com www.theWSRgroup.com