GLOBAL UAV TECHNOLOGIES COMPLETES PURCHASE OF UAV REGULATORY SERVICES.

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Global UAV Technologies Ltd. (UAV-CSE) (the “Company”) is pleased to announce that it has formally closed the purchase of UAV Regulatory Services Ltd., the owner of Easy SFOC (see news release dated May 17, 2017).

In order to accommodate potential future expansion plans, a new company called UAV Regulatory Services Ltd. was created and Easy SFOC was incorporated into it. As a result, Global UAV Technologies has purchased UAV Regulatory Services. Terms of the purchase did not change. UAV Regulatory Services is now Global UAV Technologies’ third wholly owned subsidiary in the UAV sector.

Total consideration paid was $100,000 – payable as $70,000 in cash and the issuance of 329,670 common shares of Global UAV Technologies valued at $0.09. The shares issued have a standard hold period of four months and one day.

“We are very pleased to have completed this purchase. The incorporation of a new company prior to purchase made for a cleaner structure such that we will have added flexibility for business that we can create through that division,” stated Jason Springett, president of Global UAV Technologies.

About UAV Regulatory Services Ltd.

UAV Regulatory Services is a regulatory consulting service that assists clients with the preparation of Special Flight Operation Certificates (SFOCs) for Unmanned Aerial Vehicle (UAV) operations in Canada. Their primary product is easysfoc.com, an online service that uses a proprietary user-friendly interface which collects information on a client’s site locations, operations, and crew information quickly and efficiently. The client is then provided with full support and guidance along with a customized SFOC application ready to submit to Transport Canada.

In addition, the client receives all of the required supporting documents such as a site survey, an operations manual, safety and reporting forms, and other resources to assist with safe and compliant operations. UAV Regulatory Services is focused on providing high-quality customer service and supports an easy to understand approach to regulations.

Global UAV Technologies plans to expand the scope and reach of UAV Regulatory Services prior to year-end.

About Global UAV Technologies Ltd.:

With its growing technical expertise and expanding reach globally, Global UAV Technologies is a leader within the Unmanned Aerial Vehicle (or ‘UAV’) sector. Through its wholly owned subsidiaries – Pioneer Aerial Surveys, High Eye Aerial Imaging, and UAV Regulatory Services – Global UAV Technologies provides a full spectrum UAV-based surface and sub-surface imagery.

Global UAV Technologies will continue its growth through expanding the business of its current subsidiaries and the continued evaluation of potential acquisitions with the goal of creating a consortium of businesses that, when fully integrated, will cover all aspects of the UAV industry.

On behalf of the Board,
“Jason Springett”

Jason Springett
President & CEO

For additional information on Global UAV Technologies please contact
Mr. Stephen Litwin, Investor Relations, at 514-708-3456 

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