Metalcraft Technologies, Inc. FF5000 Prototype Development Cost Reduction Joint-Venture Agreement

ALBUQUERQUE, N.M.--(Business Wire)--
Freight Feeder Aircraft Corporation (FFAC) and Metalcraft Technologies, Inc.
(MTI) have entered into a Joint-Venture Agreement to reduce development costs
and re-start construction of the FF5000 prototype aircraft.

Under the FFAC/MTI Joint-Venture, MTI will contribute assistance (in-kind) to
help FFAC reduce the prototype development cost in the form of reduced labor,
support engineering, program management, and other general assistance, with the
ultimate goal of reducing FFAC`s prototype airframe construction development
costs by approximately 33%. In exchange for this contribution, MTI will receive
a "Life of Program" contract to manufacture and assemble the FF5000 fuselage.

"We are very pleased to enter into this cost-reduction Joint-Venture Agreement
with our long-time primary sub-contractor. This is a major milestone in the
FF5000 development process, and with the assistance of MTI, FFAC expects to get
back on track with its development program and complete the first prototype by
the fall of 2010," stated John J. Dupont, President and CEO of FFAC.

Chuck Taylor, Vice President of MTI, stated, "MTI is pleased with the prospect
of supporting FFAC in the development of this unique and versatile aircraft.
MTI`s aerospace professionals stand ready to assist Mr. Dupont to bring his
vision of this exciting product to market."

MTI intends to commence work on the FF5000 Prototype Aircraft in August of this
year.

About Metalcraft Technologies, Inc.

MTI is a vertically integrated manufacturer of aircraft details and assemblies.
MTI is capable of taking design models in CAD/CAM format; planning the
production of details, and developing such drawings from the models as are
required for production; fabricating and processing the details to completion;
and then assembling the details into complete assemblies. MTI operates under an
AS-9100 registered quality system. www.metalcraft.net

About Freight Feeder Aircraft Corporation - FFAC U.S. private corporation,
formed in December 2007, acquired the Freight Feeder aircraft technology and
development program from Utilicraft Aerospace Industries, Inc. (PINK SHEETS:
UITA). See FF5000 Specifications at: www.freightfeeder.com.

Forward Looking Statements

This Press Release is for informational purposes only and is not intended as a
solicitation of funds, and contains "forward-looking" statements within the
meaning of the Private Securities Litigation Reform Act of 1995.

Freight Feeder Aircraft Corporation
R. Moseley, VP, CFO, 866-575-9991
info@freightfeeder.com
www.freightfeeder.com
or
Metalcraft Technologies, Inc.
Chuck Taylor, Vice President, 435-586-3871
www.metalcraft.net

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