Freight Feeder Aircraft Corporation Celebrates Significant Milestones at Anniversary of Incorporation

  
    
  
  
    
      Officials of Freight Feeder Aircraft Corporation announced today that 
      “year’s end” marks the 1st anniversary of incorporation and 
      acquisition of the program. Freight Feeder Aircraft Corporation was 
      formed as a U.S. private corporation registered in the State of Wyoming 
      in December, 2007, when it acquired the Freight Feeder aircraft 
      technology and development program from Utilicraft Aerospace Industries, 
      Inc. (UITA:OTCBB).
    
    
      Significant milestones being celebrated for the first year of operation 
      include:
    
    
      
        $825,000,000 in potential sales from worldwide customers, confirmed 
        with signed Letters of Intent (LOI) for the purchase of fifty (50) 
        FF5000 Freight Feeder Aircraft from operators in Africa, Europe, and 
        Australia.
      
      
        The engagement of two prominent Aircraft Sales Agents for the India, 
        Indonesia, Southeast Asia, Australia and Middle East regions.
      
      
        The strategic re-design of the Freight Feeder aircraft to the upgraded 
        FF5000 version to accommodate wide-body “main deck” containers 
        expanding its market and utility by 320%.
      
      
        The delivery of revised production tooling for the FF5000 Freight 
        Feeder prototype aircraft from its primary subcontractor, Metalcraft 
        Technologies, Inc.
      
      
        Construction of the FF5000 proof-of-concept prototype aircraft well 
        underway with a major portion of the detailed parts for the center 
        fuselage assembly completed.
      
    
    
      John J. Dupont, President and CEO of Freight Feeder stated, “These 
      significant first year milestones have been achieved without a major 
      global marketing campaign, without a flying demonstrator prototype 
      aircraft, and with limited capital investment.”
    
    
      Randy Moseley, CFO for Freight Feeder stated, “Even in the midst of the 
      current global financial climate, the Company has several major funding 
      opportunities in the works and is optimistic regarding its ability to 
      initiate the certification process in first quarter of 2009.”
    
    
      Management will continue its programs to build shareholder value for its 
      private shareholders and Utilicraft Aerospace Industries, Inc. 
      (UITA:OTCBB).
    
    
      The Company is intentionally waiting for its global marketing push until 
      “First Flight” of the prototype FF5000 aircraft takes place, expected to 
      occur late next year in 2009.
    
    
      About Freight Feeder Aircraft 
      Corporation - A U.S. private corporation, in December 2007, 
      acquired the Freight Feeder aircraft technology and development program 
      from Utilicraft Aerospace Industries, Inc. www.utilicraft.com. 
      The FF5000 is a mission-specific freight aircraft designed to address a 
      niche segment of the global air freight market. See FF5000 
      Specifications at: www.freightfeeder.com.
    
    
      Forward Looking Statements
    
    
      This press release contains “forward-looking” statements within the 
      meaning of the Private Securities Litigation Reform Act of 1995.
    
    
      For more information on Freight Feeder 
      Aircraft Corporation, please visit:
    
    
      www.freightfeeder.com