DALLAS, Oct. 18, 2007 (PRIME NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), a provider of air combat training, mid-air refueling, aerial water-bombing, and other air support services, is pleased to announce the addition of Mr. Brad Baker to its newly formed Advisory Board.
The Advisory Board will provide strategic, management, and industry advice to assist in advancing the Company's business objectives. Advisory Board members will be selected for their experience and success in government contracting, military service, and corporate management.
Alexis Korybut, CEO of Tactical Air Defense Services, Inc., states, "I am confident Mr. Baker's experience in government service, and his success as a corporate leader, will prove to be materially beneficial to the Company as it executes its business strategy. "
Mr. Baker has distinguished himself as a leader, manager, and strategist who has successfully guided several companies through explosive growth.
Mr. Baker began his business career in 1978 by founding a chain of retail computer stores that became the premier Apple and IBM dealer in Southwest Florida, and which was successfully sold in 1985. At age 25, Mr. Baker's next project was TechTime, Inc., a computer peripheral company which he took public. Under his leadership, the company remained profitable while sales skyrocketed to $32 million.
The Young Entrepreneurs Organization named Brad Baker one of the 100 top entrepreneurs in the United States. In 1985, The Florida Business Journal selected his company, TechTime, as one of the ten outstanding publicly held companies in Florida. Money magazine, Venture, and Nation's Business have recognized his accomplishments nationally, and he was identified by Florida Trend magazine, a leading business publication in Florida, as a "Floridian to Watch in the Next 10 Years."
In 1988, Mr. Baker received a presidential appointment from President Ronald Reagan to serve as one of the youngest White House Fellows ever selected, where he worked as a Special Assistant for the Treasury Secretary. Additionally, at various periods during his association, Mr. Baker served as Acting Executive Secretary of the United States Treasury.
In 1989, President George Bush appointed Mr. Baker as one of four individuals to serve on the Executive Board of the Resolution Trust Corporation (the "RTC"), and to serve as its Corporate Secretary. Mr. Baker was instrumental in creating the RTC's organizational structure, hiring hundreds of employees, and creating and integrating the RTC's national computer systems for the $400 billion restructuring program. Mr. Baker's colleagues on the four-man panel included Alan Greenspan, Chairman of the Federal Reserve Board, Nicolas Brady, former Secretary of the Treasury, and Jack Kemp, Secretary of Housing and Urban Development (HUD).
In November 1995, Mr. Baker founded NetLine Communications, Inc., a Florida statewide Internet provider. At NetLine Communications, he implemented one of the state's first frame relay networks to provide Internet Access throughout Florida. In July 1996, Comcast Cable acquired Netline Communications as the foundation for its successful @Home broadband cable division.
In October 1999, Florida Governor Jeb Bush appointed Mr. Baker Executive Director of the Florida Housing Finance Corporation, a public/private state corporation responsible for granting approximately $1 billion in government grants to promote affordable housing. 'Florida Trend magazine' profiled Mr. Baker as their February 2000 cover story, where he appeared with an oversized broom in his hands in an article called "Clean Sweep" detailing the steps he was taking to clean up the agency.
Most recently, as CEO of Nexus Biometrics, Inc., Mr. Baker founded one of the leading fingerprint biometric companies. Mr. Baker has been pursuing both public and private sector contracts for Nexus Biometrics, and was recently awarded two contracts by the State of Florida to implement its child-tracking platform.
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.