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For Immediate Release. . . . . . Utilicraft Aerospace Industries Completes Acquisition Agreement With United Aircraft Development Partners, Inc. ALBUQUERQUE, N.M., January 22, 2010 -- Utilicraft Aerospace Industries, Inc. (Symbol:UITA.PK) announced today that the company has completed the acquisition of United Aircraft Development Partners, Inc. as a 100% owned Subsidiary in exchange for 103,250,000 shares of the Company's common stock. The Board of Directors decision to acquire United Aircraft Development was based upon its contributing to the consolidated company, a Memorandum of Understanding that United Aircraft Development had previously entered into to merge with an existing operating aerospace company. It is the Utilicraft Board's intention to build a stronger balance sheet, and to create operating activities with operating histories which will help Utilicraft Aerospace to become a fully reporting company on a higher stock trading exchange with increased shareholder value. Due to confidentiality agreements, identification of the aerospace company merger candidate and merger details will be disclosed once a definitive agreement is reached between Utilicraft Aerospace Industries and the aerospace operating entity. United Aircraft Development also contributes to the Company, a Letter of Intent for major funding from a company with associations with Humanitarian Relief Organizations as part of this transaction. Details are also subject to confidentiality agreements until the funding is completed. As part of the Subsidiary Acquisition Agreement, a Director of United Aircraft Development will be appointed to the Utilicraft Aerospace industries, Inc. Board of Directors. The Board of Directors of the Company appointed Mr. Garrett Robinson as a member of the Company's board of directors. Mr. Robinson is to serve as a director of the Company until the next election. From 2006 to present, Mr. Robinson has served as Managing Director of RFT Holdings LLC, a real estate development and investment company. From Mr. Robinson is the founder, director and manager of Bridges Farms, which was the largest sea shipper of humanitarian supplies to the country of Haiti.
ALBUQUERQUE, NM, February 8th, 2010 -- Utilicraft Aerospace Industries, Inc. (Symbol: UITA.PK) announced today a $780K Private Placement Memorandum to raise new capital to take the Company in a new direction as described below. As part of the new direction of UITA as an aerospace technology development holding company, the Company is reviewing strategic acquisition possibilities - or the in-house development - of a Light Observation Aircraft (LOA) program intended for disaster "emergency first response" missions. It is to be a "rapid deployment" observation aircraft, equipped with the latest electronic surveillance equipment for rapidly detecting life-signs of disaster victims trapped in debris or damaged structures over a wide search area in the shortest amount of time - as a search and rescue (SAR) airborne platform electronically transmitting coordinates to and from ground rescue teams. John J. Dupont, President and CEO of UITA stated, "The ability of this aircraft to be shipped with wings detached (to fit in a container, or military transport aircraft pallet) will make it readily available to be air-lifted to nearby regional staging areas for immediate SAR sorties. Rapid global deployment is vital to the mission capability of this type of aircraft because time is of the essence when searching for survivors immediately after the disaster". The LOA Program also has a commercial, domestic law-enforcement, border patrol, and global military market potential.
Additionally, the Company is reviewing strategic acquisitions of various developmental aircraft solutions for a "small STOL aircraft" to accommodate "tactical" humanitarian shipments to and from remote off-airport makeshift airstrip staging-hubs, with the capability of lifting and delivering the much needed food, water, and medical supplies directly into the heart of the stricken area --- directly to disaster victims. The need to accommodate medical remote operations bringing immediate surgical relief to victims is also a consideration.
The Company has partnered with a veteran humanitarian shipper to further solidify its research and its operational capabilities.