FF5000 Freight Feeder for Prototype Version

ALBUQUERQUE, NM (OTCBB: UITA) announced today that in order to help expedite the FF5000 Freight Feeder to market, the decision has been made to change the prototype aircraft to the full-sized FF5000 version.

In anticipation of this decision, earlier this year, Freight Feeder Aircraft authorized Metalcraft Technologies, Inc, to start on the modifications to the existing prototype tooling that it purchased from Utilicraft Aerospace late last year. Metalcraft has completed most of the adjustments to the tooling and expects to deliver the revised tooling to Freight Feeder Aircraft Corp. later this month in early February.

About Utilicraft Aerospace Industries, Inc. (OTCBB: UITA)

Utilicraft Aerospace Industries, Inc. is a 25% owner of Freight Feeder Aircraft Corporation. Since the strategic sale of its Freight Feeder aircraft technology in December of 2007 to Freight Feeder Aircraft Corporation, the Company is now focusing its 2008 business-plan development efforts to actively seeking new strategic aerospace products for development, particularly related to the enhancement of the Freight Feeder aircraft in the air-cargo markets worldwide -- to continue to build the asset base, to develop cash-flow, and to continue to build shareholder value.

On December 12, 2007, Utilicraft Aerospace Industries, Inc., filed a Form 8K with the Securities and Exchange Commission announcing that with the approval of fifteen (15) UITA shareholders owning approximately 62.53% of UITA's common stock and its Board of Directors, entered into an Asset Purchase Agreement with Freight Feeder Aircraft Corporation to sell all of UITA's technology and assets to Freight Feeder Aircraft Corporation for a 25% equity position in Freight Feeder Aircraft and warrants for shares of Freight Feeder Aircraft Corporation's common stock, and a 1% Royalty of aircraft sales that are eventually produced and delivered by Freight Feeder Aircraft Corporation. The transaction has a potential value to UITA of approximately $400 million in future royalties and future Freight Feeder Aircraft Corporation stock value received by UITA in this transaction -- subject to the Freight Feeder aircraft program reaching the production phase. (See details of the transaction in the UITA 8K filed on December 12, 2007)

For more on Utilicraft Aerospace Industries, Inc, go to www.utilicraft.com

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 Investor Relations contact: Mercantile Ascendency Tom Collins (214) 461-3500 tcollins@email.com For Utilicraft Aerospace Industries, Inc. Product Information contact: Info@utilicraft.com Phone: (866) 843-1348

Utilicraft Aerospace Ind... (CE) (USOTC:UITA)
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