Utilicraft Aerospace Industries Announces Business Development Private Placement

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. See more about UITA.PK at www.utilicraft.com.

Forward Looking Statements

This Press Release is for informational purposes only and is not intended as a solicitation of funds, and contains “forward-looking” statements.

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