American Utilicraft Responds to Pentagon Request to Provide Solutions to Combat Terrorism and Obtains Status as Certified Government Contractor.Business Editors LAWRENCEVILLE, Ga.--(BUSINESS WIRE)--Nov. 13, 2001 American Utilicraft Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMUC AMUC Acta Mathematica Universitatis Comenianae ), today announced that it has responded to a U.S. Pentagon request for U.S. companies to submit proposals, to combat the threat of terrorism in the U.S. To prepare for its submission, the Company received Certified Government Contractor A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. status in less than 14 day's time. Having received Certified Government Contractor status, the Company can quickly respond to additional U.S. Government Request for Proposals. American Utilicraft's submission was made in response to a press release issued by the U.S. Government. For further information refer to www.defenselink.mil/news/Nov2001/n11052001_200111052.html. "If requested, we are committed to working quickly and expeditiously ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex with the U.S. Government in providing solutions to remove potentially dangerous and life-threatening cargo from passenger aircraft," stated John Dupont, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Although the FF-1080 is primarily intended to serve the short-haul feeder segments of the air-cargo industry, we anticipate that the Aircraft will also serve as a valuable tool in helping to reduce the threat of terrorism. We expect that, upon completion, the FF-1080's proprietary design and systems will have the capacity to accommodate certain unfulfilled `new' requirements in our `new' world," Dupont concluded. About American Utilicraft American Utilicraft Corporation was founded in 1990, to target the significant problem of 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 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 air cargo: see aviation. . The Company is in the final phase of development of a new air vehicle, the FF-1080-200 Freight Feeder aircraft, which upon completion, is expected to have the capability 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 This press release contains "forward-looking" statements within the meaning of 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. 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, particularly those mentioned in the Risk Factors section contained in the company's Form SB-2, as filed with the Securities and Exchange Commission. |
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