SHAREHOLDERS UPDATES: So, the company moved on to "current status" on OTC Markets this morning! This is not only "great news" for our shareholders, but also a great confirmation for us "the management". The confirmation that I'm talking about has to do with our choice of hiring Consultia, who are incredibly thorough and are very professional. Their help with UITA becoming "fully reporting filer" and moving up to the OTCPK "current status" was another vote of confidence and another confirmation that "we" made a good decision hiring them to do the same for all of our OTCPK companies. Financial Reporting/Disclosure UITA: OTC Marketplace Pink Current Reporting Standard U.S. Reporting: SEC Reporting CIK 0001334740 Fiscal Year End 12/31 Audited Status Audited So, we have them start at AURI now, and what we want to see is this on all our corporate profiles. Also, notice that we are just a little above a penny, and still "made it in". That's what I was trying to explain on my other companies as far as "certain trading criteria" that had to be met. And yet, sometimes things can "slide" and we get in!
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New JV developments and expansion into International Markets.
Dallas, TX- October 28, 2021, – Utilicraft Aerospace Industries, INC. (OTCBB: “UITA”) (the “Company”),
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@example.com Cell # 214-418-6940.