SOURCE: Utilicraft Aerospace Industries

January 26, 2007 11:22 ET

Flintco Contractor of Choice for Utilicraft's Facility

Multi-Million Facility Housing Aircraft Testing and Production Operations

ALBUQUERQUE, NM -- (MARKET WIRE) -- January 26, 2007 -- Flintco, Inc. (www.flintco.com), one of the nation's largest commercial contractors, has been selected by Utilicraft Aerospace Industries, Inc. (OTCBB: UITA), as the contractor for its new, $4.8 million aircraft testing and office facility to be located at the Double Eagle II Airport, in Albuquerque, N.M.

"Flintco is doubly invested in the successful delivery of this building; in our capacity as contractor and also as a local business community member because of the positive impact it will have on our area economy," said Flintco's Albuquerque Director of Management of Operations, Ken Easley.

FLINTCO TO CONSTRUCT UTILICRAFT FACILITY

Upon completion, the clear-span metal building will measure 270 feet long by 150 feet wide, encompassing 40,500 square feet. Additionally, the project will include a 15,000-square-foot attached building that is approximately 150 feet long by 100 ft wide that will be used for office space.

The hangar is designed to accommodate two, FF-1080-300-ER aircraft including shop space, engineering space, and special equipment space, to support flight testing of the aircraft. Once the flight test is completed, the hangar will serve as a final assembly facility for production aircraft, and will accommodate the final assembly of two aircraft per month.

"We are very pleased to be working with Flintco on the construction of this new facility and look forward to this being the first project of many as we continue to expand our assembly operations at Double Eagle II Airport over the next few years," said John J. Dupont, President, CEO-Chairman of Utilicraft Aerospace Industries, Inc.

The new facility is currently in the final stages of design with groundbreaking planned for March 2007. The hangar is scheduled for completion by June 2007 and the office component of the project, by August 2007.

About The Flintco Companies, Inc.

The Flintco Companies, Inc. is the parent company of two construction operating divisions: Flintco, Inc. and Oakridge Builders, Inc. Founded in 1908 and in its third generation of private ownership, The Flintco Companies is the largest American Indian-owned construction company and is one of the largest commercial contractors in the nation. The Flintco Companies' operating divisions provide a full range of construction services, including pre-construction, construction management, design/build, project and program management, as well as general contracting from nine offices in: Albuquerque, N.M.; Austin, Tex.; Memphis, Tenn.; Oklahoma City, Okla.; Sacramento, Calif.; Springdale, Ark.; Springfield, Mo.; and two offices in Tulsa, Okla.

With a well-deserved reputation as a provider of "constructive solutions," The Flintco Companies is consistently selected as the contractor of choice by clients with construction needs in the areas of healthcare, corporate, education, office, sports, corrections, hospitality, utilities, governmental, and not-for-profit facilities. For more information, see www.flintco.com.

About Utilicraft Aerospace Industries, Inc. (UITA: OTCBB)

Utilicraft Aerospace Industries, Inc. was formed to implement a system solution to the current problem of declining capacity in the short haul (or feeder) route segments of the air cargo and overnight express companies.

The FF-1080-300ER Freight Feeder aircraft is a new air vehicle which is the result of Utilicraft's extensive research and development. The FF-1080-300ER is revolutionary because of its capability to carry standard industry air containers on short-to-medium range/medium density routes combined with the aircraft's integrated air cargo information system for the freight feed market.

The FF-1080-300ER, an all aluminum twin-engine, high-wing, un-pressurized, fixed gear, single pilot capable, turboprop aircraft, specifically designed as a utility air freight transport system. The aircraft satisfies an industry recognized need to cost-effectively feed containerized air cargo to the major hubs of the scheduled passenger carriers and the overnight express airlines.

The aircraft is also designed for short take-off and landing (STOL) capability. This feature makes the FF-1080-300ER the only short-haul, heavy-lift containerized feeder aircraft capable of cost-effectively transporting ten revenue tons over two thousand nautical miles from airfields with less than 3,500 feet of runway, expanding air cargo capacity to many smaller cities and airports worldwide.

For more information, see www.utilicraft.com.

Contact Information

  • Contact:
    Melissa Stroud
    Flintco, Inc.
    (505) 262-1888 phone
    (505) 264-2516 cell

    Investor Relations:
    Mercantile Ascendency
    Tom Collins
    214 461 3500