December 5, 2020 5:22 pm

Advanced Defense Technologies to acquire Star Jets International

Advanced Defense Technologies, Inc. (OTC PINK: ADCF) is pleased to announce that it has signed a letter of intent (the "LOI") to acquire Star Jets International, LLC (www.starjetsintl.com), a leading provider of private jets booking, brokerage and software solutions.

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Advanced Defense Technologies announced that it has signed a letter of intent to acquire Star Jets International, LLC (www.starjetsintl.com), a leading provider of private jets booking, brokerage and software solutions. Under the terms of the LOI, shareholders of ADCF will retain approximately 10% ownership and the new shareholders will own approximately 90% of the equity. The parties anticipate executing a definitive agreement within the next 30 days and closing within 45 days after certain filings are made with the U.S. Securities and Exchange Commission and/or FINRA.

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