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CybeRelease: (OTC: UITA) To Go With -200 Version as Prototype


WEBWIRE

(CybeRelease, June 5, 2007) - Lake Harmony, Pa. - Officials of Utilicraft Aerospace Industries, Inc. (OTC BB: UITA) announced that the Company has decided to go forward with the construction of the -200 version of the prototype which will also serve as a 77% scale version of the -300 (see previous press release dated May 29, 2007 -- Utilicraft Aerospace Planning Enhanced Product Development Program).

After a series of engineering and planning meetings last week in Albuquerque, New Mexico, the Company verified that the decision to take advantage of its previous engineering development of the -200 version FF-1080 design, will definitely save the Company substantial prototype-development capital and time, as well as solidify the commonality of systems and various sub-structures of both aircraft.

The final configuration of the -200 prototype, which is expected to have a capacity increase of approximately 30% while maintaining its current 51%+ useful load to gross weight efficiency, is currently being finalized with the use of the existing full-scale FF-1080-200 mock-up, and is expected to be released early next week.

About Utilicraft Aerospace Industries, Inc.:

Utilicraft Aerospace Industries, Inc. was formed to implement a system solution to the current problem of declining capacity in the short haul (or feeder) route segments of the air cargo and overnight express companies.

The FF-1080-300ER Freight Feeder aircraft is a new air vehicle, which is the result of Utilicraft’s extensive research and development. The FF-1080-300ER is revolutionary because of its capability to carry standard industry air containers on short-to-medium range/medium density routes combined with the aircraft’s integrated air cargo information system for the freight feed market.

The FF-1080-300ER, an all aluminum twin-engine, high-wing, un-pressurized, fixed gear, single pilot capable, turboprop aircraft, specifically designed as a utility air freight transport system. The aircraft satisfies an industry recognized need to cost effectively feed containerized air cargo to the major hubs of the scheduled passenger carriers and the overnight express airlines.

The aircraft is also designed for short take-off and landing (STOL) capability. This feature makes the FF-1080-300ER the only short-haul, heavy-lift containerized feeder aircraft capable of cost-effectively transporting ten revenue tons over two thousand nautical miles from airfields with less than 3,500 feet of runway, expanding air cargo capacity to many smaller cities and airports worldwide.

To view the full release, go to http://biz.yahoo.com/iw/070605/0261550.html

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CybeRelease Gainers are ONYX Pharmaceuticals, Inc. (Nasdaq: ONXX), Digene Corporation (Nasdaq: DIGE), IDM Pharma, Inc. (Nasdaq: IDMI), Opsware, Inc. (Nasdaq: OPSW), FuelCell Energy, Inc. (Nasdaq: FCEL), OMNI Energy Services Corp. (Nasdaq: OMNI), Scholastic Corporation (Nasdaq: SCHL) and Cholestech Corporation (Nasdaq: CTEC).

CybeRelease Decliners are UAL Corporation (Nasdaq: UAUA), UTStarcom, Inc. (Nasdaq: UTSI), Qiagen N.V. (Nasdaq: QGEN), Medarex, Inc. (Nasdaq: MEDX), GenVec, Inc. (Nasdaq: GNVC), Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN), Telik, Inc. (Nasdaq: TELK) and Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN).

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