28/10/2021
PRESS RELEASE – FOR IMMEDIATE RELEASE
New JV developments and expansion into International Markets.
Dallas, TX- October 28, 2021, – Utilicraft Aerospace Industries, INC. (OTCBB: “UITA”) (the “Company”),
Shareholder Update:
The management completed a round of due diligence and compliance study with associates from Moldova (Moldavia). The decision was made to acquire a corporate entity and file for a Joint Venture with local company, businessmen, associates and investors. The purpose for the JV is to expand UITA’s operations and establish an FBO and a Factory in Moldavia.
The factory will be focused on new designed EV vehicles, both terrestrial, Aeroplane, and Aero/space design, as well as re purposed and remodified fuel and gas engine vehicles and airplanes into EV powered.
“We are excited about this development and appreciate the opportunity to expand UITA’s operations into an international market. The quality of engineering, labor and the related cost are a major part of having this JV based in Moldova. The company will benefit from existing distribution and development deals already in place in Moldova for marketing, sales and distribution of EV vehicles and airplanes. As an additional bonus, the company is geographically and politically strategically located to market and service Europe as well as its Ukrainian contacts and clients. I see this as an incredible step for our company’s growth and new business development!” Explained Edward Vakser, Chairman/CEO.
“We have high hopes and extremely ambitious plans for our company! We love the Aerospace and EV technologies market space and will expand our developments with EV and Electric powered planes and vehicles. Our plans include both personal use, trainers, and multi passenger Aero-Vehicles that are built right here in Dallas-Ft. Worth area. We believe that our “personal” vehicle concept will be greatly received akin to an “i-Plane” concept…i.e., Aero-Plane for everyone!” Explained UITA’s chief concept designer and consultant.
The company posted several prior disclosures:
Recently the company was acquired by a group of new investors represented by Mr. Vakser. The new management filed Financials and Disclosures obligations and was able to successfully complete the company’s “compliance filings and obligations” therefore achieving “Current Status publicly trading company” as a “Fully reporting filer.”
CONTACT: Utilicraft Aerospace Industries, INC., CEO Edward Vakser [email protected] Cell # 214-418-6940.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, and domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
