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Advanced Defense Technologies Completes Restructuring; Name Change, 1-for-500 Reverse Split, and Ticker Symbol Change To ADCF.PK Effective
Advanced Defense Technologies Completes Restructuring; Name Change, 1-for-500 Reverse Split, and Ticker Symbol Change To ADCF.PK Effective.
About this update from Star Jets International, Inc.
[{"type":"text","content":" Normal 0 false false false MicrosoftInternetExplorer4 Advanced Defense Technologies Inc. (Pinksheets: ADCF), developer of breakthrough technologies for military defense, homeland security and commercial communications systems, announced today that the Company's corporate restructuring is complete. The Company's name change, 1-for-500 reverse-split, and ticker symbol change to ADCF.PK from MEDC.PK became effective June 1, 2010. About Advanced Defense Technologies, Inc.Advanced Defense Technologies,Inc. (“ADTI”) is engaged in developing new breakthrough technologies for military defense, homeland security and commercial communications systems. The Company’s microwave/millimeter-wave circuits, subsystems and the system designs developed under SBIR Programs with Government Agencies including NASA, DARPA, a prestigious defense contractor(Phillips Labs), and the US military(USAF, ARMY, NAVY and MDA) are providing the solutions to the current issues of high cost, high powerdissipation, size, weight and system complexity. The major technology innovations include: multi-beam, multi-band phased array antenna systems, T/R modules, diplexer/multiplexer networks, transceivers, electronically steered antennas (ESA), wideband RF antenna systems for high data rate multi-point communications, mobile communications and wideband radar systems. This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include all statements other than those made solely with respect to historical facts.These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results or performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. Forward-looking statements in this press release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot provide any assurances regarding future results. We undertake no obligation to revise or update any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.","length":3256,"tagName":"div"}]