Yesterday, Tactical Air Defense Services, Inc. announced that they received the second $200,000 of the recently announced $1,000,000 financing commitment from Cornucopia, Ltd. The Company’s intention is to use proceeds from the $200,000 to prepare for contracts for the Super Tucano military aircraft that they recently leased and intends to operate through a services agreement with their pending merger partner, Tactical Air Support Services, Inc. (Tac-Air). They also intend to use the proceeds for other general business purposes.
Tactical Air Defense Services, Inc. believes, but cannot guarantee, that the Super Tucano shall be operating in support of a tactical aviation contract within 60 days and shall generate revenues of between $2 million to $3 million annually for their company and Tac-Air.
Alexis C. Korybut, Chief Executive Officer of Tactical Air Defense Services, Inc. (TADF), stated, “We are very pleased to have received the second round $200,000 of funding from Cornucopia, Ltd. These funds will enable TADF and Tac-Air to put the Super Tucano under contract to generate revenues for our companies and will increase our visibility and credibility within the tactical aviation sector. We look forward to continuing to work closely Cornucopia, Ltd., and believe that their expressed desire and ability to further fund TADF as our business grows, will make them a valued long-term and strategic funding partner.”
Tac-Air is a highly regarded aerospace/defense services contractor. They were founded by a group of former U.S. Navy, Marine, and Air Force Weapon’s School Instructors. Tac-Air has been awarded and is now servicing multiple aerospace/defense contracts with the U.S. Department of Defense.
Cornucopia, Ltd. is a merchant banking firm domiciled in the Turks and Caicos Islands, British Virgin Islands. They specialize in the financing of micro-cap growth companies. Cornucopia, Ltd. was not a shareholder of Tactical Air Defense Services, Inc. prior to this financing transaction.
Headquartered in Carson City, Nevada, Tactical Air Defense Services, Inc. is an Aerospace/Defense Services contractor. The Company offers tactical aviation services, aerial refueling, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies.
For more information visit: www.tads-usa.com