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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 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 BB:) under the ticker symbol 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 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, and e-commerce entities inability to provide effective fulfillment and distribution in the short haul Short distance. Short haul implies traversing a small geographic area such as a few miles at most. Contrast with long haul. See line driver. (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 Statement

The preceding statements are made pursuant to the Private Securities Litigation Reform Act 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.
COPYRIGHT 2001 Business Wire
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 21, 2001
Words:366
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