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TADF-Tactical Air Defense Services Acquires Right to 10% Minority Interest in Tactical Air Support; Enters Into Letter of Intent to Pursue Key Military Contract
CARSON CITY, Nev., July 28, 2011 (GLOBE NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCQB:TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has entered into a binding letter of intent ("LOI") with Tactical Air Support, Inc. ("Tac-Air") to pursue a multi-year Military Contract (the "Military Contract") and has acquired the right to purchase ten percent (10%) of the outstanding equity of Tac-Air through the provision of $315,000 in corporate funding (the "Investment Funds").
The Investment Funds provided by TADF will be used by Tac-Air to prepare and submit a bid that has been solicited to the U.S. Department of Defense to provide tactical aviation services and, if successful, to be ready to execute the Military Contract. Pursuant to the LOI, TADF and Tac-Air shall share 30/70 all future profits derived from the Military Contract. We believe that Tac-Air has the personnel to execute the Military Contract and that TADF has the resources to support the Military Contract and the related bidding process. If successful in being awarded all or part of the Military Contract, TADF believes it can generate gross revenues of several million dollars for TADF and Tac-Air in the aggregate, per year, throughout the term of the Military Contract.
In addition, pursuant to the LOI and the underlying promissory note (the "Note") governing the Investment Funds, TADF maintains the right to convert the Note into a ten percent (10%) ownership interest in Tac-Air's existing common stock.
As disclosed in TADF's previous filings with the United States Securities and Exchange Commission, the Parties previously entered into an Agreement and Plan of Merger (the "Merger") related to the proposed merger between the Parties, however, the Merger had not closed prior to the termination period and the related agreement has since expired. In the event that TADF and Tac-Air close the Merger between the companies while the Military Contract is in operation, the combined financial benefit of the Note and ownership of the Military Contract shall inure to the combined entity.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We are very pleased to have signed the LOI with Tac-Air to jointly pursue the Military Contract and to have provided the Investment Funds to acquire 10% of Tac-Air. We believe these transactions demonstrate the joint and continued commitment of both parties to working together towards a beneficial common goal. Should we be successful in winning the Military Contract, not only will we have acquired a steady and significant revenue stream, but we will have successfully positioned our combined companies to compete very effectively for additional contracts from both the U.S. and foreign militaries."
Tac-Air, www.tacticalairsupport.com, is a highly regarded aerospace/defense services contractor founded by a group of former U.S. Navy, Marine, and Air Force Weapon's School Instructors. Tac-Air has been awarded and is currently servicing multiple aerospace/defense contracts with the U.S. Department of Defense.
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Further information about TADF is available on our website: www.tads-usa.com.
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.
CONTACT: Investor Relations Contact:
Gerald N. Kieft
The WSR Group
(772) 219-7525
IR@theWSRgroup.com
www.theWSRgroup.com Source: Tactical Air Defense Services, Inc.
http://ir.stockpr.com/tads-usa/press-releases/detail/313
Hey I hear crickets chirping! It has been a rough couple of days guys and I know that's hard to handle after all the volume and the little run we had last week. I personally believe we have some games going on here. I am 100% dedicated to seeing this company into the pennies, they have way too much potential not to make it. We have a basher or two coming in and that is a sure sign that we are doing good, they always show up. I know that as a board we own around 500,000,000 shares, lets protect that investment. As longs we need to spread the word! The DD speaks for itself and I feel sure that people will invest. So far this morning we have extremely low volume (around 600,000) we need to fix this. I am going to issue a challenge to all of the serious TADF investors on this board. Find a board and post our DD, tell a friend. Don't just tell them to buy, give them the DD and let them decide, I am sure they will get excited for the same reason we all did. GO LONG TADF!!
KILO
OK, I was just wondering. Thanks
TADF- Awesome Day! Hey, Is the ask really at.0033 pre market? GO LONG TADF!!
KILO
TADF- 12 days man, twelve loooong days and I'll be on a plane headed home. GO LONG TADF
KILO
TADF- Check, I'll explain what I believe and everyone else can give their opinion on it. I have a base position already which is what I will hold for the long term, I add to that position in the "dips" when the PPS drops. Building higher support levels and pushing through resistant points are very important with a subpenny stock. It allows for higher runs, I have about 30% percent of my portfolio in subpenny stocks, they are a very tricky animal. I would say ninety percent of them will never see .01 or higher levels. So every fraction of a penny is very important, you have to play them different than you would an NYSE company. Right now this happens to be where TADF lives for the short term and therefore I believe that you have to treat it as such for the time being. Right now it is about potential, not about financials and the normal things you would look at when investing in a stock. What attracts investors to us right now are runs and news. Look at it like this for example, at first what attracted me to my wife was superficial so I took up my initial position ( I am glad she doesn't get on IHUB lol). As we spent time together I got to know all her qualities and realized what a wonderful woman she was that is when I decided that I would stick with her because of who she was not how she looked. Right now it is about how this company looks, that is what is going to attract investors. So, this is why I fight to keep the PPS as high as I can. Not to mention everytime I buy at lower prices I am growing my position for less, which allows for bigger gains in the long run and that is what we are all after. I honestly think with the right breaks this could be one of the core stocks in my portfolio, it will be a few years but I truly believe we are getting in on the ground level of a great company. GO LONG TADF
KILO
TADF- I can't speak for the sellers, but this buyer hasn't run out of steam! We have been stocking up on the shares, the longs are doing a great job here. The volume is a little slow, let it pick up and we will be flying in no time. Oh, my summer home will be in Wilmington NC. The Emerald Isle, not much for the cool weather. I am ready to sit out on my deck, drink an ice cold beer and listen to the waves. GO LONG TADF!!
KILO
or is it....... the truth is out there lol. I have seen it work out before, but hey what do I know right? News or no news we will be fine. Buy this dip,I was really ticked because my order never went through at .018 but now look instead of getting 240,000 @ .018 for the same exact price I get 332,307 if the ask drops. Thats 92,307 more shares @ .01 thats 923 and some change. That is a lot of math but long story short, when we get to a penny thats almost 683 dollars more profit. There is a bright side to everything, wait it out and you'll have more good days than crap days. GO TOFS
KILO
I have an order in for 240000 @ 18s but it still hasn't filled. Did you see that 911 trade. MM signal for NEWS INCOMING! This could be it brother.
GO TOFS
KILO
Hey bud whats the ask? I want to get a last second order in
Im sure I will. Just waiting on the R/M, then we can sit back and enjoy the ride! GO TOFS
There ain't no life like life in an M1!! 80 tons at 65mph, it will get your blood pumpin thats for sure. I am outta here in 12 count em 12 DAYS. I can't wait to see the family and drink an ice cold beer!
KILO
Thanks Sims, I am buying em up. Just spent some on another one of my positions but I have more to go around. I'd like to see the 2s again. We need some strong buyers though, I'm gonna put mine in now. GLTYA GO TOFS!!
KILO
I'll do my best ACC lol. I learned my lesson, I will play nice from now on.
Wolf, What's up with the board buddy? It seems really quiet, we need to keep up the intensity we had last week. These sellers are killing the PPS. I have been doing what I can, they are just giving the MMs too many cheap shares.
TOFS- Thanks Pharaoh! Good to be here, now let's scoop up these cheapies and close this thing in the green.
KILO
I'll give it a shot!
Well, I wont be able to knock out the 28s. but i'll put a small dent in them around 3:55 or so.
TOFS- What's up Pharaoh!! Guess who's back..... the new and improved KILO. No more bashing the bashers for me lol.
GO TOFS
TADF- That is a very good thing. The whole market might be down, but there are strong companies in every exchange that gain even in the worst of financial times. I believe as many do that this company is set up perfect for the situation we find ourselves in today. We are a small company, which means less overhead and associated cost that plague the larger companies. I like the chances of TADF and TAC AIR being successful in any market up or down.The govt. is going to have to pinch pennies and some of the larger companies just won't be able to meet the needs of the contract with the expectation of lower pricing. TADF on the other hand doesn't have a slew of employees to be paid, therefore we can bid lower and still make the same profit margin these companies were used to in the past. GO TADF
KILO
PS. Could someone post an L2 for me? Pretty please :)
TADF- Good deal, I'll try the 3s then.
Is the ask still at .0029?
Is the ask still at .0029?
TADF- Bob, I guess I could see your point if we were talking a ton of money here. But the amount isn't really that much. If it cost me $10 dollars more to grab 100k shares and it helps push the base up, that too me is worth the few extra dollars. The MM's won't be around if there isn't money to be made anyway. I guess it really depends on how much you have to spend. Buying at the lower prices doesn't help the PPS and I will do what I can to keep it high. If the price ends up at $1.00 and I have a million shares and I paid $100 more than you did I promise I won't lose a second of sleep. I just think we need to do our part, once things get rolling and the merger is done and we have contacts rolling in then that won't be as big of an issue but for now I am buying at the ask. Good luck man.
GO LONG TADF
KILO
WWOOOAAHH! What is all this talk of spanking and naughtyness lol. I just put in my last order and its time for work. Hopefully I come back to a better PPS than I did this morning. GLTYA
GO LONG TADF
KILO
GO SUGAR AND GO TADF!!!!
KILO
Great profile pic. I'm a Raiders man myself, but Elwy was one of the best in my book! Oh yeah! GO TADF!!
KILO
Jeff, I shouldn't be having this much fun out here in the desert lol. Guess the fact that I only have about two weeks left has finally sunk in..... or the heat has finally fried my brain lol
KILO
TADF- #10529!! I really don't want to brag or anything..... sure I do I think I called that one HAHAHAHAHAHAHA!!
LONG AND STRONG TADF
The all knowing and all seeing KILO BAHAHAAHHA
TADF- THATS WHAT I'M TALKIN BOUT!! Let's put on our rally caps!
GO LONG TADF!!
KILO
Loyal, unfortunately any company that puts out a completely false PR saying they were bought more than likely has no future or potential to go anywhere but the gutter. I got out with a measley 126 dollar profit. My suggestion, if you are up or even GET OUT. Some might say it may not have been any company official that put out that BS PR about CVC, but if they were any kind of company 1. they would have returned my emails and calls. 2. They would have put out a PR letting shareholders know this PR was false. I spoke directly with Lisa Lee, She is the IR rep for the US division of CVC. She advised me the PR was bogus and they would be checking into it. I am the exact opposite of a basher, I am just stating facts. They just happen to be ugly facts. Lisa's number is on the CVC website under IR. Feel free to check it out. If you are too far down you could always wait it out and hope the try to pump the stock or the company is REALLY sold. But I don't expect either of those to happen. Sorry, and good luck in all your future investments.
KILO
Loyal, unfortunately any company that puts out a completely false PR saying they were bought more than likely has no future or potential to go anywhere but the gutter. I got out with a measley 126 dollar profit. My suggestion, if you are up or even GET OUT. Some might say it may not have been any company official that put out that BS PR about CVC, but if they were any kind of company 1. they would have returned my emails and calls. 2. They would have put out a PR letting shareholders know this PR was false. I spoke directly with Lisa Lee, She is the IR rep for the US division of CVC. She advised me the PR was bogus and they would be checking into it. I am the exact opposite of a basher, I am just stating facts. They just happen to be ugly facts. Lisa's number is on the CVC website under IR. Feel free to check it out. If you are too far down you could always wait it out and hope the try to pump the stock or the company is REALLY sold. But I don't expect either of those to happen. Sorry, and good luck in all your future investments.
KILO
TADF- Exactly Blazer, I agree 110%.
TADF- Way to go Ranger! Kick those MMs in the ASK lol
KILO
Thanks Moon! I am on my way home brother, I have i lttle more than two weeks now and I'll be home... well somewhere close anyway. Anywhere in the US is good for me. I can't wait to see the wife and kids! Tell your boys to be safe, I will pray for their safe return.
KILO
WOW Pips...Why don't you tell us how you really feel about it LMAO. We are good, yeah those MMs get me going too though. They can only do so much. A big volume day and we will have them scrambling. It's lunch time on Friday, maybe we see some bigger buys in an hour or so. It is just my opinion, but I say we'll be back around .004 early next week and might even push the .005 mark.I kinda like the pace the General and the K man are working. Thorough is always better when dealing with uncle Sam. The other guys are going to realize this too late and chase all the way to pennyland. TO INFINITY AND BEYOND TADF!! LMAO (Don't judge me I have kids).
KILO
I feel sure we will see new highs next week. I am like everyone else, I'd like to see more now lol. But all I can do is add my measley volume. Green on a friday is good though.
KILO
Yep, I wish I could crap shares like that LMAO!!
KILO
Yep, It seems like the MM' cup runneth over though!
KILO
No kidding. Thought we were almost through the 29s and now he throws up 1+ millon. Nice one MM nice one. We will get them, they can't keep it up forever. I'm gonna talk to a few guys and see if we can't put a dent in those new 29s that just showed up. We don't have MM money, but we can sure push em a little. TADF!!
KILO