CARSON CITY, Nev., May 18, 2010 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), an Aerospace/Defense Services contractor that offers air-combat training, aerial refueling, aircraft maintenance training, disaster relief, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has signed a Lease Option Agreement for the exclusive lease of two Russian ILyushin IL-78 and two ILyushin IL-76 supertanker aircraft from Air Support Systems, LLC.
TADS intends to offer the Ilyushin aircraft to the U.S. and foreign-allied militaries and other federal and state agencies for air-to-air refueling services, aerial fire-fighting services, oil-spill containment services, and other disaster relief deployment services, uses for which it is widely contended the ILyushin aircraft are superior to any other aircraft in service today. Tactical Air Defense Services, Inc. believes that it is the only company to have ever successfully imported into the U.S. an ILyushin supertanker, which IL-78 military aircraft had been under exclusive lease by TADS until late 2009.
The Lease Option Agreement with Air Support Systems, LLC gives TADS the right to enter into exclusive one-year renewable leases for any or all of the four supertanker aircraft, under a fee arrangement that allocates 50% of the operating profits each to TADS and Air Support Systems respectively.
The ILyushin IL-78 is a specialty military air-to-air refueling supertanker capable of refueling 3 aircraft simultaneously, and is the air-to-air refueling aircraft of choice around the world. Video of newly acquired Pakistan IL-78 in refueling action is available at www.youtube.com/watch?v=FM6CB91T_zc
The ILyushin IL-76 supertanker is a Russian made aircraft specifically designed for aerial fire-fighting, and which can be retrofitted for aerial oil-spill containment. The IL-76 is recognized throughout the world as the pre-eminent aerial firefighting tool available, and is considered superior in all respects to other aerial firefighting aircraft in existence. The IL-76 supertanker can deliver, in a single pass, over 18,000 gallons of liquid chemicals, covering an area approximately a quarter of a mile wide and one and a half miles long. Most importantly, the IL-76 is the only aircraft of its size that was specifically designed to withstand the rigors of water bombing, which makes the IL-76 an extremely safe and reliable aircraft both for aerial fire-fighting and aerial oil-spill containment. Video of an IL-76 in aerial fire-fighting action is available at www.youtube.com/watch?v=Gh8Lx-vQlAo
Alexis Korybut, CEO of TADS stated: "The execution of this agreement with Air Support Systems, LLC is of great benefit to TADS as we seek to expand and improve the scope and capabilities of our service offerings. We believe our exclusive ability to lease these specialty Russian aircraft will help TADS to capture a significant portion of the rapidly growing sectors of outsourced military aviation services, aerial fire-fighting, and oil-spill containment services."
Further information about TADS is available on our web site: www.tads-usa.com.
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.