Attached files
| file | filename |
|---|---|
| 8-K - TADF FORM 8-K (5-20-10) - TACTICAL AIR DEFENSE SERVICES, INC. | tadf8k052010.htm |
| EX-10.1 - EXHIBIT 10.1 - TACTICAL AIR DEFENSE SERVICES, INC. | ex101.htm |
Tactical
Air Defense Services to Acquire Tactical Air Support, Inc.
Carson
City, NV-May 20, 2010-Tactical Air Defense Services, Inc. (OTCBB: TADF-OB), an
Aerospace/Defense Services contractor that offers air-combat training, aerial
refueling, aircraft maintenance training, disaster relief services, and other
Aerospace/Defense services to the United States and Foreign militaries and
agencies, is pleased to announce that it has signed a Letter of Intent (the
“LOI”) to acquire Tactical Air Support, Inc. (“Tac-Air”).
Tac-Air,
www.tacticalairsupport.com,
is a highly regarded Aerospace/Defense Services contractor founded by a group of former Navy, Marine, and Air
Force Weapon’s School Instructors. Tac-Air has won and successfully executed
multiple Aerospace/Defense contracts awarded by divisions of the U.S. Department
of Defense.
Under the
terms of the LOI, upon Closing of the Transaction, Tac-Air shareholders shall
receive approximately 46% of the outstanding post-acquisition shares of TADF
stock; Rolland C. Thompson, current President of Tac-Air and the former
Commanding Officer of the world-renowned U.S. Navy Fighter Weapons School more
commonly known as “TOPGUN”, shall be the new CEO and a Director of TADF; Alexis
C. Korybut, current CEO of TADF shall be the CFO and a Director of TADF; and
General Robert R. Fogleman, former Chief of Staff of the U.S. Air force and
former member of the Joint Chiefs of Staff, shall be a Director of
TADF. Additionally, TADF intends to secure approximately $3 million
in post-acquisition financing to retire a $1.75 million promissory note of
Tac-Air, and for post-acquisition working capital in order to fully execute its
business strategy.
Alexis C.
Korybut, Chief Executive Officer of TADF, stated, “Tac-Air is on the
leading edge of this exciting and rapidly growing business. Their experience and
technical abilities are unmatched. This acquisition will bring to the Company an
exceptional management team of highly experienced and well-regarded ex-military
professionals, as well as current contracts and revenues. We believe
that the company, post acquisition, can become one of the pivotal players in the
private-sector military aviation training services, and will be well-positioned
to win an increasing number of Aerospace/Defense Services contracts from the
U.S. and foreign-allied militaries and agencies.”
Further
information about TADS is available on our web site: www.tads-usa.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.