CLEARWATER, Fla., Nov. 9, 2010 (GLOBE NEWSWIRE) -- ALAS Defense Systems, Inc. (Pink Sheets:VDSC), today announced that Redtide Defense Group, Inc., a wholly owned subsidiary of ALAS, signed a new Distributor to market UAV in Brazil, Peru, Ecuador, Colombia and Mexico. The Exclusive Distributorship was given to Import and Export Specialized Equipment and Services, Inc. of Miami, Florida and requires $5 million in annual sales.
Edwin Salmon, ALAS CEO, said, "We are excited about signing IESES, Inc., as our exclusive Distributor for Redtide Defense Group UAV products in Brazil, Ecuador, Peru, Colombia and Mexico."
About Import and Export Specialized Equipment and Services, Inc.
IESES was founded in 1996 in Florida to import and export high tech products throughout Central and South America utilizing a network of highly skilled agents. Mr. Arturo Altamirano, head of IESES, is an Electromechanical Engineer with a Master's Degree in Industrial Administration. He has over 41 years of security experience in this country and Latin America in corporate security, consulting and training services and marketing high end security equipment.
About ALAS Defense Systems, Inc.:
ALAS Defense Systems, Inc. is a holding company which owns and operates through its wholly owned subsidiary, Redtide Defense Group, Inc. (http://www.redtidedefense.com/">http://www.redtidedefense.com/) which is a manufacturer of UAV (Unmanned Aerial Vehicles). The Company has created an inexpensive and, it believes, technically superior solution to the growing $6 billion dollar a year worldwide market demand for UAV's. The Company is looking to grow both organically and through strategic acquisitions.
Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.