SOURCE: Tactical Air Defense Services, Inc.
CARSON CITY, NV--(Marketwire - Oct 11, 2012) - 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 purchased an F-5 aircraft mission and procedures cockpit training simulator for $250,000, through its wholly-owned subsidiary, AeroTech Corporation.
The F-5 training device uses a commercial COTS computer system, housed in a specifically fabricated F-5 cockpit, to provide a realistic F-5 flight simulation experience. The F-5 simulator is used to train pilots for basic flight characteristics and for emergency situations, and to complement actual flight time in an F-5 aircraft.
TADF is one of only a few commercial companies to own an F-5 aircraft simulator, and is comparable to the two F-5 simulators that were recently sold by L-3 Communications to the U.S. Navy for approximately $3 million each.
To see Col. Scott Patterson, Chief Operating Officer of our wholly-owned subsidiary, AeroTech, test "flying" an F-5 simulator prior to our purchase decision, please go to: http://www.youtube.com/watch?v=1N80C-dUDIA.
Together with the F-5 aircraft recently purchased by TADF through the acquisition of Northrop TF5-1 Corp., and the additional two F-5 aircraft to be acquired through the pending acquisition of Globalease Corporation, TADF intends to use the F-5 aircraft simulator in support of tactical aviation contracts for which it is bidding through its wholly owned subsidiary, AeroTech Corporation, as well as to offer the F-5 aircraft simulator as a stand-alone service offering that compliments actual flight time in an F-5.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "An F-5 simulator is an exceptionally useful training device that is very difficult to acquire, but which has great demand from the numerous countries operating F-5 aircraft, and we are very pleased to have been able to acquire this highly sought-after training device because it is another important piece of military equipment that together with our F-5 aircraft, enables TADF to provide an unmatched offering of tactical aviation services."
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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.