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