CARSON CITY, Nev., July 11, 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 and agencies, is pleased to announce that it has received its first revenue from the Embraer 314 Super Tucano aircraft (the "Super Tucano") in which it has an interest through a Services Agreement with Tactical Air Support, Inc.
In its first contract-work, the Super Tucano generated revenue of approximately $70,000 for providing 2 days of training support for the U.S. Army ground forces, prior to commencing scheduled maintenance that has sidelined the aircraft since April. We believe the Super Tucano will again be flying on revenue-producing contracts within a few weeks as the scheduled maintenance nears completion.
The Embraer 314 Super Tucano is a specialty military aircraft renowned for its capabilities in counter-insurgency and air-to-ground bombing, and is the only one of its kind offered in the U.S. through a commercial Aerospace/Defense services contractor.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We are extremely pleased to announce that TADF has received its first revenue from the Super Tucano. Although only a short period of contract work, the Super Tucano has demonstrated that the U.S. Department of Defense has demand for its services, and we believe the aircraft can generate a steady flow of revenue for the Company upon completion of the scheduled maintenance within the next few weeks."
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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.