DALLAS, Aug. 23, 2007 (PRIME NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), a provider of tactical aviation training and support services to the United States and Allied Nations, issues shareholder update.
Since its acquisition of the assets of the AeroGroup, Inc. in December of 2006, the company has been working on developing government contracts, and exploring new endeavors while diligently working to secure the financial resources and capital necessary to execute its business model.
On August 17, 2007, the Board of Directors unanimously appointed Alexis Korybut as Chief Executive Officer. Mr. Korybut has been the Managing Partner of Plumtree Consulting Group LLC, an advisory firm offering management and financial consulting services to high-growth public companies.
Mark Daniels, the Company's former CEO who remains as a consultant to the company, stated, "It has been a lot of hard work and effort to get all the moving pieces put together and the future outlook of the company is encouraging. We have promising opportunities ahead and the addition of Alexis to the management team is a welcomed addition. His experience assisting public companies secure growth capital and implement growth strategies will be instrumental in Tactical's future success."
"Tactical Air Defense is now ready to carry out its plan to capitalize on the ever increasing opportunities in outsourced tactical aviation training and support services. The company is currently pursuing several unique areas as a contractor to support including its existing contract for F-16 aircrew training, and possible utilization of IL-78 aircraft for aerial refueling and Fire-fighting/Water-bombing," continued Mr. Daniels.
Financial information and press releases are available by going to the company's web site -- www.tads-usa.com. The company will be mailing shareholders a copy of the annual report and proxy statement before the end of the year.
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.