SOURCE: Utilicraft Aerospace Industries Inc.

June 05, 2007 07:00 ET

Utilicraft Aerospace Makes Decision to Go With -200 Version as Prototype

ALBUQUERQUE, NM--(Marketwire - June 5, 2007) - Officials of Utilicraft Aerospace Industries, Inc. (OTCBB: UITA) announced today that the Company has decided to go forward with the construction of the -200 version of the prototype which will also serve as a 77% scale version of the -300 (see previous press release dated May 29, 2007 -- Utilicraft Aerospace Planning Enhanced Product Development Program).

After a series of engineering and planning meetings last week in Albuquerque, New Mexico, the Company verified that the decision to take advantage of its previous engineering development of the -200 version FF-1080 design, will definitely save the Company substantial prototype-development capital and time, as well as solidify the commonality of systems and various sub-structures of both aircraft.

The final configuration of the -200 prototype, which is expected to have a capacity increase of approximately 30% while maintaining its current 51%+ useful load to gross weight efficiency, is currently being finalized with the use of the existing full-scale FF-1080-200 mock-up, and is expected to be released early next week.

About Utilicraft Aerospace Industries, Inc.:

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.

Forward-Looking Statements

This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release involve risks and uncertainties and reflect the company's current views with respect to possible future events. Readers are cautioned that no forward-looking statement can be guaranteed and actual results or events may materially differ from those projected or anticipated. In particular, the following factors, among others, could cause actual results or events to differ materially from those described in the forward-looking statements: the company's ability to obtain and fulfill contracts for the sale of products, protect intellectual property rights and manage future growth; market acceptance of future products; product supplier delays; design and engineering certification delays or denials; and the introduction of similar products by competitors. Any forward-looking statement made in this press release is made as of the date of this press release, and the company assumes no obligation to update any such forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect the company's business.

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