Tactical Air Defense Services Signs LOI to Acquire Globalease Corporation


CARSON CITY, Nev., Aug. 9, 2012 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCQB: TADF), an aerospace/defense services contractor that offers tactical aviation services, aircraft maintenance, and other aerospace/defense services to the United States and Foreign militaries, is pleased to announce that it has signed a letter of intent (the "LOI") to acquire, as a wholly-owned subsidiary of TADF, 100% of Globalease Corporation ("Globalease"), a military aircraft holding company.

With the acquisition of Globalease, TADF will acquire two (2) lease-to-purchase agreements that have existing leases on, and subsequent rights to purchase, two (2) Canadair CF-5D aircraft (the "CF-5D's").

The CF-5D aircraft are supersonic fighter aircraft known to be cost effective, low-maintenance, and extremely versatile fighter jets that have been used effectively by many countries around the world as light attack strike fighters, reconnaissance platforms, and to provide a tactical support role as air-to-ground, close-air-support, training platforms or dissimilar air combat training aircraft. The CF-5D two-seat aircraft are considered by many to be the ideal training aircraft for F-16 lead-in fighter pilot training.

TADF intends to deploy the CF-5D aircraft in support of tactical aviation training contracts that it anticipates receiving, although no assurances can be given that it will be awarded any such contract.

Upon closing of the acquisition of Globalease, and pursuant to the terms of the LOI, TADF will purchase 100% of the outstanding shares of Globalease for consideration of 1.25 million shares of its Series C Preferred stock. Closing of the transaction is subject to final completion of all due-diligence and documentation and approval by the board of directors of TADF, and is anticipated within thirty days.

Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We believe the ability to finally acquire the use of supersonic fighter jets is a watershed event for TADF.  These  CF-5D aircraft will enable TADF to credibly bid on and fulfill both U.S. and foreign tactical aviation contracts at a time when budget cuts are forcing militaries around the world to seek out more efficient low-cost alternatives to fulfill their aviation training requirements."

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Forward Looking Statement Disclosure        

Statements contained herein that are not historical facts may be forward looking statements within the meaning of the Securities Act of 1933, as amended. 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, to procure future contracts, to acquire certain assets, or to finalize funding for the purchase of certain assets. 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.    


            

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