SOURCE: Global Aerial Surveillance

July 19, 2005 08:30 ET

Global Aerial Surveillance, Inc. Secures Manufacturing and Administrative Facility

Proximity to McCarran International Airport, Military Airfields and World-Class Academic Faculty Creates Opportunities for Growth and Development

LAS VEGAS, NV -- (MARKET WIRE) -- July 19, 2005 -- Global Aerial Surveillance (OTC: GARS), a developer and manufacturer of unmanned aerial vehicles (UAV) for both commercial and military applications, announced today that it has secured a new manufacturing and administrative space in Las Vegas, Nevada. The facility consists of corporate office space and over 2500 square feet of development and manufacturing area. The new facility is located at: 6012 Topaz, Las Vegas, Nevada

"We intentionally located our new facility directly adjacent to McCarran International Airport and in close proximity to testing fields. The space provides us with the ability to develop and manufacture our products with room to grow," commented Craig T. Cervantes, CEO of Global Aerial Surveillance. "We are excited about the myriad of opportunities present in our market. Both military and civilian applications for UAVs continue to increase. We hope to maximize our research and development activities and begin with our manufacturing and distribution, growth we can accommodate within this new facility."

About Global Aerial Surveillance

Global Aerial Surveillance intends to capitalize on what the company sees as an opportunity in the civilian and military markets to provide Unmanned Aerial Vehicles (UAVs) for a myriad of potential applications. Although the applications for UAVs are numerous, Global intends to concentrate its development and marketing efforts in small, underserved niches where it can compete aggressively with pricing and service exceeding the competition.

Global will take a new approach to the development of UAV technology by making use of advanced composite construction techniques and materials and incorporating the latest in ultra light high speed computer processors to deliver a flexible, mission-specific UAV to its customers that can perform various complex missions.

A recent study of the worldwide UAV market concluded that U.S. spending on UAVs amounted to about 73% of worldwide research and production spending in 2003. The U.S. has dominated this market in recent years, due in part, to the depth of research and wide range of production programs.

Frost & Sullivan, a research group in San Antonio, Texas, forecasts that the market for UAVs, will be worth nearly $5 billion by 2005. Michael Heinz, who heads Boeing's Unmanned Systems unit and other executives at military contractors, sees an annual market of at least $10 billion by decade's end, with growth continuing at double-digit rates for a decade or more.

The statements made in this press release, which are not historical facts, contain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of the specific items described in the release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.

Contact Information