ADVANCED DEFENSE T COM STK USD 0.01 (OTCMKTS:ADCF) to Become
Star Jets International
ADVANCED DEFENSE T COM STK USD0.01(OTCMKTS:ADCF), which develops technologies for the military defense and homeland security industries is catching our eye today. The Company’s system design technology has been developed under several SBIR Programs with Government Agencies including the US military (USAF, ARMY, NAVY and MDA), NASA, and DARPA.
We’ve received details of a deal the company cut a few weeks ago via PR this week, and the stock is really going on a ride in its wake.
At the beginning of this month ADVANCED DEFENSE T COM STK USD0.01(OTCMKTS:ADCF) announced it had closed on its acquisition of Star Jets International, LLC, a leading provider of private jets booking, brokerage and software solutions. Shareholders of Star Jets International are being issued preferred stock, which will constitute a majority of the capital structure of the public company.
Star Jets deal with Advanced Defense Technologies, in addition to Star Jets shareholders becoming the majority shareholders of ADCF , means that the companies will be taking steps to both remove the “Stop Sign” on the stock and to change the name of Advanced Defense Technologies to Star Jets International, Inc. Those steps require the filing of certain information with otcmarkets.com and compliance with applicable FINRA rules, State law, and SEC regulations.
This week, the company announced that it has made arrangements to now accept Bitcoin as a payment mechanism for its private jet services. Star Jets offers its customers all the advantages of owning a corporate jet, without the burdens associated with ownership. This includes flexibility through access to over 5,000 private jets domestically and 15,000 private jets worldwide.
Star Jets executives have over 17 years of experience in aviation and marketing, and is a leading provider of private jets booking, brokerage and software solutions. The company claims the ability to provide Private Charter, Private Jet, Private Flight, Charter Jet, Charter Flight and Jet Rental service anywhere on the planet on only 4 hours notice.
Bitcoin in its increasing popularity, also having recently hit new all time highs, is a desirable alternative to traditional transaction currency, and there are plenty of ‘Bitcoin millionaires’ out there, with the means to charter private aircraft.
“Bitcoin is becoming an increasingly accepted method of payment and we want our customers to have the flexibility to pay via that medium of exchange,” said Ricky Sitomer, CEO of Star Jets.
That flexibility matches the variance of Star Jets services portfolio which is not limited to private jet charters. The company also assists clients with aircrafts sales, as well as aid in management of the craft once the transaction is completed. Also in the company’s repertoire are cargo plane, helicopter and yacht chartering, in addition to ambulatory services including vital donor organ transport. From jumbo to heavy jets, prop planes, light transport, leisure, and more, ADCF has aligned itself with a promising business.
We’re eager to see how long it will take the company to come fully reporting on its filings and get OTC Markets Stop Sign designation removed, followed by a corporate name and possible symbol change. These are changes that do not happen overnight, so we’ll definitely have to keep a tab on it, and check back periodically to monitor the status of these important steps. Stay locked to Street Register for updates, and we’ll deliver important developments on ADCF as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in ADCF stock, short or long.