After Tactical Air Defense Services filed its quarterly report with the SEC, share prices increased substantially to reach $0.30. In the 10Q the company reviewed recent developments including the lease agreement signed with Air Support Systems, the Change in Board of Directors and Officers, the Appointment of a Flight Engineering Officer, Retirement of Certain Series A Preferred Stock, Private Placements, Development of Advisory board, and Recent Share pledges.
From the first of July to September 30, the company has issued $229,234 of 12% convertible notes and 1,053,620 warrants. The company anticipates completing initiated programs and importing its MiG 29 aircraft by the second quarter of 2008 if it is able to raise adequate capital.
Tactical Air Defense Services is committed to providing the aviation support requirements of the U.S. military and other allied nations. The company is positioning itself to use a fleet of the most advanced fighter jets and aerial refueling tankers to meet the array of military aviation training needs.
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