SOURCE: Halberd Corporation

December 06, 2012 14:44 ET

Halberd Corporation Announces Finance and Insurance Agreement to Expand UAS Market

LAS VEGAS, NV--(Marketwire - Dec 6, 2012) -  Halberd Corporation (PINKSHEETS: HALB) and JC Funding II LLC announce they have partnered to offer financing and Insurance to facilitate Halberd's clients in contracting and purchasing UAS carried by our platforms. This allows individuals and companies without access to the vast resources of the military and other government agencies to be able to purchase technologies needed to perform the complex missions needed. The insurance allows for users to replace equipment should a loss occur.

Halberd is continuing negotiations with industry partners and various government agencies to broaden the company's depth in the UAS market especially in the Precision Agriculture Industry. Due to a change in FAA regulations, this allows for UAS platforms to weigh 55lbs which increases the payload capacity for Electronic Optics and Infra Red technology required for agricultural applications and a large untapped market for UAS.

Mr. Lowing also welcomes Nick Chaires as Vice President in charge of Military procurement; Mr. Chaires has experience as an Industry executive with 15 years' experience with corporate and government sales. Most recently he was Director of Government, Military and Education accounts and has procured multiple contracts from the United States Department of Defense with all four branches of the military as well as other government agencies for bases around the world.

Mr. Chaires adds, "I am honored and excited to join the Halberd team and look forward to working with the exceptional group of people there."

Halberd Corporation is a provider of Unmanned Aerial Systems UAS services, we have the technology, equipment, the expertise and the manpower to service all UAS needs worldwide. Our services leverage the state-of-the-art technologies with support without the burden of hiring, training and maintaining a new division of a business or department just for UAS operations, we provide all of these contract services.

Safe Harbor Statement

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Defense Technologies, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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