TADF News!
Tactical Air Defense Services Pays Off All Creditors and is Debt Free. Presently Exploring Potential Uplisting to NASDAQ.
CARSON CITY, Nev., May 20, 2010 (GlobeNewswire via COMTEX) -- 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 successfully completed its sale of five hundred million (500,000,000) shares on the open market between March 18, 2010 and March 20, 2010 in order to pay off all existing creditors.
TADS intends to send one (1) 1.7 oz "airplane bottle" of liquor to each shareholder as a thank you for their hard earned money. Additionally, for shareholders of record March 20, 2010 that lost over $5,000.00 the company will include a miniature plastic model of the IL-78 Supertanker as well.
Alexis Korybut, CEO of TADS stated: "The execution of this share selling program has allowed us to become a more stable company. Now that we have no debt we can really do as we please until we have $30 million in debt again. We don't intend this to happen for a number of years; hopefully. In the mean time we will most likely complete a 1:100,000 reverse merger in the near future to artificially raise up our stock price. If we can manage to get the price into the $4.00 range we will explore an up-listing to NASDAQ. Thank you all very much for helping us out. I sincerely hope you enjoy your surprise liquor, or notice how just how large the scale model of the Supertanker has to be due to its enourmous actual size. She sure is a beauty. In fact I'm taking her for a spin down around the globe here in the coming weeks with stops at some of the most beautiful places in the world. Wish you all could be with me."
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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Tactical Air Defense Services, Inc.
By Staff
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