SOURCE: Utilicraft Aerospace Industries, Inc.

May 21, 2007 08:00 ET

Utilicraft's Quarterly Marketing Activity Report Confirms Recent Market Indicators

ALBUQUERQUE, NM -- (MARKET WIRE) -- May 21, 2007 -- Utilicraft Aerospace Industries, Inc. (OTCBB: UITA). Officials of Utilicraft Aerospace announced today that recent international customer inquiries and interest have accelerated in the wake of its announcement defining the FF-1080-300ER's capability to carry larger feeder-segment cargo containers.

Additionally, the Utilicraft Aerospace -- First Quarter Marketing and Sales Activity Report -- continues to confirm the global market potential for the FF-1080-300ER Freight Feeder Aircraft, as anticipated by the Company in its April 18th, 2007 press release -- Utilicraft Aerospace Industries Sees Additional Opportunities In Growing World Air-Cargo Market.

"We have had nothing but positive responses from existing freight operators worldwide during the first quarter of 2007, and anticipate that to continue throughout the development of the Performance Flight Test Aircraft (PFTA) over the remainder of this year," stated Scott Jacox, Vice President of Marketing for Utilicraft Aerospace.

Utilicraft's marketing department typically responds to such inquiries by offering and providing the Company's Aircraft Route Analysis Model (ARAM) to the customer to assist in identifying the costs/benefits of operating a fleet of FF-1080-300ER aircraft in their existing and planned route systems.

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. For more information about the company, please visit www.utilicraft.com.

Contact Information