American Utilicraft Corporation Initiates Stock Split.

LAWRENCEVILLE, Ga. -- American Utilicraft Corporation (OTC: AMUC) - American Utilicraft Corporation's previously announced 2 for 1 stock split became effective at close of business yesterday, June 28, 2004. The split, disclosed in the Company's June 8 and June 18, 2004, Forms 8-K and 8-K/A, covers all shares issued and outstanding as of the record date. As a result, the Company now has issued and outstanding 88,813,696 shares.

The Company requests that its shareholders note the payment date for the forward split has been set by the Company's transfer agent, Continental Stock Transfer, for July 19, 2004. All holders of shares as of 5:00 p.m. EDT on June 28, 2004, will be credited with the forward split and will be sent their additional shares in either certificate form or directly through DTC transfer from Continental on the payment date.

About American Utilicraft Corporation

American Utilicraft Corporation was formed in 1990, to target the significant problem of addressing the overnight express, supply chain, e-commerce, and global third party logistics entities inability to provide effective "containerized" fulfillment and distribution in the short haul (or feeder) route segments of air cargo. The result of the Company's research and development is a new air vehicle, the FF-1080 Freight Feeder aircraft, capable of carrying standard industry air containers on short-to-medium range/medium density routes, and an integrated air cargo information system for the freight feeder market.

For more information visit the Company's website at www.utilicraft.com.

Safe Harbor Statement

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.