ALBUQUERQUE, N.M., Dec. 26, 2006 (PRIME NEWSWIRE) -- Officials of Utilicraft Aerospace Industries Inc. (OTCBB:UITA), the designer of a new utility air freight transport aircraft, announced today that the company has begun trading on the Over The Counter Bulletin Board under the symbol UITA.
Officials said they are very excited to begin publicly trading.
The company's primary product, the FF-1080-300ER Freight Feeder aircraft, is a new air vehicle which is the result of Utilicraft's extensive research and development. The FF-1080-300ER is revolutionary because of its capability to carry standard industry air containers on short-to-medium range/medium density routes combined with the aircraft's integrated air cargo information system for the freight feed market.
In addition to the FF-1080-300ER Freight Feeder aircraft, the company also conceives and implements solutions to the problem of declining capacity in the short haul route segments of the air cargo hub and spoke system. They have developed and patented an integrated air cargo electronic information system for the freight feed market, the Express Turn-Around (ETA) electronic freight tracking system.
It has also developed and patented the Automated Flat Rate System (AFRS). The AFRS system computes the most economical performance curve for each route segment based on the change in aircraft gross weight on the segment. The AFRS system reduces pilot work-load and assures that the FF-1080 is operated with the highest fuel efficiency, which can save the fleet operator millions of dollars on an annual basis.
Recently Market News First's Mike Willingham wrote a full analyst report on Utilicraft Aerospace Industries which could be found at www.MN1.Com .
About Utilicraft Aerospace Industries:
Utilicraft Aerospace Industries, Inc. was formed to implement a system solution to the current problem of declining capacity in the short haul (or feeder) route segments of the air cargo and overnight express companies.
The FF-1080-300ER Freight Feeder aircraft is a new air vehicle which is the result of Utilicraft's extensive research and development. The FF-1080-300ER is revolutionary because of its capability to carry standard industry air containers on short-to-medium range/medium density routes combined with the aircraft's integrated air cargo information system for the freight feed market.
The FF-1080-300ER, an all aluminum twin-engine, high-wing, un-pressurized, fixed gear, single pilot capable, turboprop aircraft, specifically designed as a utility air freight transport system. The aircraft satisfies an industry recognized need to cost-effectively feed containerized air cargo to the major hubs of the scheduled passenger carriers and the overnight express airlines.
The aircraft is also designed for short take-off and landing (STOL) capability. This feature makes the FF-1080-300ER the only short-haul, heavy-lift containerized feeder aircraft capable of cost-effectively transporting ten revenue tons over two thousand nautical miles from airfields with less than 3,500 feet of runway, expanding air cargo capacity to many smaller cities and airports worldwide.
This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release involve risks and uncertainties and reflect the company's current views with respect to possible future events. Readers are cautioned that no forward-looking statement can be guaranteed and actual results or events may materially differ from those projected or anticipated. In particular, the following factors, among others, could cause actual results or events to differ materially from those described in the forward-looking statements: the company's ability to obtain and fulfill contracts for the sale of products, protect intellectual property rights and manage future growth; market acceptance of future products; product supplier delays; design and engineering certification delays or denials; and the introduction of similar products by competitors. Any forward-looking statement made in this press release is made as of the date of this press release, and the company assumes no obligation to update any such forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect the company's business
For more information about the company, please visit www.utilicraft.com.
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