Tactical Air Defense Services Buying Air 1 Flight Support

Tactical Air Defense Services, Inc. (Pinksheets: TADF) said Friday morning that it has signed a Letter of Intent to acquire 100 percent of Air 1 Flight Support, Inc. a privately-held provider of aircraft maintenance, refueling and support services headquartered in Denison, Texas, in an all-stock transaction.

Tactical Air Defense Services is certified by the U.S. government as a private-sector military contractor and offers a variety of services, including tactical flight training, air-to-air refueling, aircraft maintenance and more to the Department of Defense, Allied militaries and other federal agencies.

Per the LOI, Tactical Air Defense fund the acquisition through a payment of 5 million shares of its Series C preferred stock. The acquisition is still subject to completion of due diligence and TADF board approval as well as other customary conditions.

The closing is anticipated within 30 days.

“The acquisition of Air 1 brings to TADF a proven track record of innovation and success in providing ancillary aerial support services. We believe this acquisition can generate additional sources of revenue in its own right, and make TADF more competitive in providing a well-rounded menu of aerial support services to both military and commercial customers,” said Alexis C. Korybut, chief executive at Tactical Air Defense Services.

In October, TADF, through its subsidiary AeroTech Corp., purchased an F-5 aircraft mission and procedures cockpit training simulator for $250,000, making it one of only a few companies to own an F-5 simulator. Comparable systems have sold for approximately $3 million, according to the company. Interested parties can view a video of the simulator at: http://www.youtube.com/watch?v=1N80C-dUDIA.

Shares of TADF have perked modestly with Friday’s news, climbing by $0.0001 to $0.0004 on about 21 million in volume midway through the afternoon session.

The reality: The acquisition is a nice addition as this micro-cap is building out its business, but it has some cleaning-up to do in the process. No filings have been made with the Security and Exchange Commission since November 15, 2012 – which was a Form NT 10-Q stating they would be late filing their quarterly report (which never happened). Once an OTCQB-listed entity, the company has lost its fully-reporting status at the SEC and OTC Markets. Additionally, there are 6 billion shares outstanding, representing a healthy mountain to climb to achieve any significant share value. Proper due diligence is encouraged.

Tactical Air Defense Services (TADF) Stock Quote and News:

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