CARSON CITY, NV--(Marketwired - April 05, 2013) - 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 TADF's wholly-owned subsidiary, AeroTech Corporation (together, "TADF"), has opened a Huntsville, Alabama office to support its recently awarded contract to support the U.S. Army Apache Program.
In support of the Apache contract, TADF has executed a three-year lease and taken possession of office space in Huntsville, Alabama. For the initial 4-month phase of the Apache contract, TADF intends to hire 3 full-time employees in Huntsville, of which it has already hired the first 2 employees. Thereafter, TADF anticipates that it will need a minimum of 5 full-time employees in Huntsville to directly support the follow-on Apache contract.
Huntsville, Alabama is recognized as one of the United States' principal centers for aerospace and defense technology, and is home to many of the U.S.'s leading defense contractors and the U.S. Army's Redstone Arsenal. As such, the entry of TADF into the Huntsville defense community is an important step towards furthering the Company's growth in the domestic defense contracting.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "TADF continues to demonstrate its commitment to the U.S. defense market through the expansion of its operations into the important Huntsville, Alabama defense community. We believe that Huntsville will become an important hub for our domestic business, and that our presence in Huntsville and our work on the Apache contract for the U.S. Army will lead to further opportunities and contracts with the U.S. military and other defense companies in the near future."
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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.