American Utilicraft Corporation SB-2 Registration Statement Declared Effective by the SEC; Company Files Form 8A to Become a Reporting Company.Business Editors LAWRENCEVILLE, Ga.--(BUSINESS WIRE)--May 21, 2001 American Utilicraft Corporation an innovative solution provider for the short-haul air cargo air cargo: see aviation. segments and e-commerce providers, today announced that its Form SB-2 registration statement filed with the Securities and Exchange Commission (SEC) has been declared effective. The Company concurrently announced that it has filed its Form 8A to become a reporting company, and has been approved for listing on the Over-The-Counter Bulletin Board (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:) under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors AMUC AMUC Acta Mathematica Universitatis Comenianae . "A monumental accomplishment has been fulfilled through this registration. This coupled with a $50 million Equity Line financing provides us with the ability to flourish and obtain orders," stated John Dupont, President and Chief Executive Officer. "American Utilicraft plans to aggressively implement its strategic initiatives by building, over the next 18 months, a pre-production prototype of its FF-1080-200 Freight Feeder aircraft, and expects to obtain FAA Certification under Part 25 by mid 2003. To date, no other aircraft is capable of fulfilling the needs of the overnight express companies, and the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. in their quest to effectively deliver to the short-to-medium range density routes," Dupont concluded. About American Utilicraft Corporation American Utilicraft Corporation was founded to target the significant problem of addressing the overnight express, USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. , and e-commerce entities inability to provide effective 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-1080-200 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement The preceding statements are made pursuant to the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, as amended, in order for the Company to avail itself of the "safe harbor" provisions of that Act, as amended. Certain statements in this press release that are not historical fact constitute "forward-looking" information. Such forward-looking information involves known and unknown risks, uncertainties and other factors, which may cause the actual results to be materially different from results expressed or implied by such forward-looking statements. |
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