DALLAS, Oct. 16, 2007 (PRIME NEWSWIRE) -- Tactical Air Defense Services, Inc. (OTCBB:TADF), a provider of air combat training, mid-air refueling, aerial water-bombing, and other airborne support services, is pleased to announce that the company has secured equity financing from a select group of accredited investors. The funds will be used to acquire additional assets for operations as well as for general working capital purposes.
The company is currently pursuing government contracts and exploring new business opportunities while working to secure the financial resources and capital necessary to execute its current business strategy.
Financial information and press releases are available by going to the company's web site -- www.tads-usa.com. The company will be mailing shareholders a copy of the annual report and proxy statement before the end of the year.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. 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 or to procure future contracts. 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.