DUNEDIN, Fla., Oct. 27, 2010 (GLOBE NEWSWIRE) -- ALAS Defense Systems, Inc. (Pink Sheets:VDSC) announced today that it has achieved "Current Information" status – meaning that it meets the highest level of transparency and disclosure requirements among companies listed and trading on the "Open Transparent and Connected Marketplace" platform and adds a new member to the Board of Directors.
"Achieving and maintaining this designation is vital to our commitment to enhance communication to shareholders and the financial community as we begin to embark on a very aggressive and multi-faceted growth strategy," said Edwin Salmon, President and CEO ALAS Defense Systems, "Beyond our recent acquisition activity, we anticipate a number of announcements in the coming months that will provide more information on further expansion, as well as innovative diversification of our product line."
Mr. Salmon went on to say, "I am excited to have Mark S. Ayers join the board of Directors. With his extensive experience gained while working in the international manufacturing environment, I am confident that he will make a significant contribution toward the success of ALAS."
Mark is a results-oriented, customer focused executive with 27 years of business management and implementation experience in the manufacturing and service industries. Mark is a member of the Association for Operations Management (APICS).
Mark holds an MBA, Management, Brenau University (1993) and a BA, Business Management, North Georgia College (1991).
About ALAS Defense Systems, Inc.
ALAS Defense Systems, Inc. is a holding company which owns and operates through its wholly owned subsidiary, Redtide Defense Group, Inc. (http://www.redtidedefense.com/">http://www.redtidedefense.com/) which is a manufacturer of UAV (Unmanned Aerial Vehicles). The Company has created an inexpensive and, it believes, technically superior solution to the growing $6 billion dollar a year worldwide market demand for UAV's. The Company is looking to grow both organically and through strategic acquisitions.
Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.