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Utilicraft Aerospace Industries, Inc. (OTC BB:UITA - News) announced today that the company has entered into an investment banking engagement agreement for a two year period with CapNet Securities Corporation ("CapNet") as its exclusive financial consultant, placement Agent and finder in connection with various financing strategies.

"We are looking forward to working with Utilicraft on financing a new plane which meets the specific needs of the air-freight business. These niche opportunities we feel, represent excellent opportunity for venture capital positioned in the lower middle markets." (Bo Ritz, CEO –CapNet Securities Corporation)

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