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Exhibit 99.1

 

Tactical Air Defense Services Acquires Right to 10% Minority Interest in Tactical Air Support; Enters into Letter of Intent to Pursue Key Military Contract

 

Carson City, NV- July 28, 2011 - Tactical Air Defense Services, Inc. (OTCQB: TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has entered into a binding letter of intent (“LOI”) with Tactical Air Support, Inc. (“Tac-Air”) to pursue a multi-year Military Contract (the “Military Contract”) and has acquired the right to purchase ten percent (10%) of the outstanding equity of Tac-Air through the provision of $315,000 in corporate funding (the “Investment Funds”).

 

The Investment Funds provided by TADF will be used by Tac-Air to prepare and submit a bid that has been solicited to the U.S. Department of Defense to provide tactical aviation services and, if successful, be ready to execute the Military Contract.  Pursuant to the LOI, TADF and Tac-Air shall share 30/70 all future profits derived from the Military Contract. We believe that Tac-Air has the personnel to execute the Military Contract and that TADF has the resources to support the


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