POMPANO BEACH, Fla., Oct. 6 /PRNewswire/ -- Point Blank Solutions, Inc. (OTC-BB: PBSOQ.PK), a leader in the field of protective body armor solutions, today announced that its wholly owned subsidiary, Point Blank Body Armor ("PBBA") has been awarded a contract valued at approximately $100,000 to supply over 200, NIJ .06, Vision® Level IIIA concealable body armor systems. The contract was awarded by the Department of the Air Force, Air Force Material Command and production will begin immediately.
Patrick Stallings, COL USA Ret., executive vice president, DoD operations stated, "The Air Force based this competitive solicitation on our Vision series due to the unique properties of our system, namely, temperature-regulating technologies and antimicrobial electroshock protection, which are differentiating technologies our company offers to all customer segments. This order in particular, is meaningful for our organization as it is the first Service buy of our new NIJ .06 technology and also demonstrates how commercial products can be used for both military and government missions."
Vision is the first Total Body Armor System that integrates Hi-Performance ballistic materials with an innovative carrier design featuring temperature regulating technologies (Outlast® Adaptive Comfort® Technology), antimicrobial protection and Point Blank's excusive Self-Suspending Ballistic System™, which provides optimal protective coverage. These innovations result in significantly cooler, dryer and more comfortable all-day performance. Additionally, Vision offers the lightest weight ballistic protection available today. For further information, please visit us at http://www.pointblanksolutionsinc.com/pointblankarmor_com/lawEnforcement/visionMale.php.
Stallings continued, "One of the key factors we believe resulted in the award was the proven performance of our ballistic systems, particularly for the commercial markets and the US Army, as well as our ability to deliver these vests to the US Air Force within 30 days. We've made significant enhancements in our manufacturing footprint, which has resulted in the fastest delivery times in the industry. All the while, we continue to focus on driving innovation and improving ballistic performance to support all American military service members in their missions."
ABOUT POINT BLANK SOLUTIONS
Point Blank Solutions, Inc. is a leader in the design and production of technologically advanced body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company is also recognized as the largest producer of soft body armor in the U.S. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, the Company believes that it can deliver the most advanced body armor solutions, quicker and better than anyone in the industry. The Company maintains facilities in Pompano Beach, FL and Jacksboro, TN. To learn more about Point Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.
SAFE HARBOR STATEMENT
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THE STATEMENTS WHICH ARE NOT HISTORICAL FACTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS, WHICH ARE BASED LARGELY ON THE COMPANY'S EXPECTATIONS AND ARE SUBJECT TO VARIOUS BUSINESS RISKS AND UNCERTAINTIES, CERTAIN OF WHICH ARE BEYOND THE COMPANY'S CONTROL. WORDS SUCH AS "EXPECTS," "ANTICIPATES," "TARGETS," "GOALS," "PROJECTS," "INTENDS," "PLANS," "BELIEVES," "SEEKS," "ESTIMATES," VARIATIONS OF SUCH WORDS, AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY SUCH FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS THAT SPEAK AS OF THE DATE HEREOF AND ARE SUBJECT TO RISKS, UNCERTAINTIES AND ASSUMPTIONS THAT ARE DIFFICULT TO PREDICT. THEREFORE, ACTUAL RESULTS MAY DIFFER MATERIALLY AND ADVERSELY FROM THOSE EXPRESSED IN ANY FORWARD-LOOKING STATEMENTS. FACTORS THAT MIGHT CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, (1) CHANGES IN THE COMPANY'S INTERNAL CONTROL STRUCTURE OVER FINANCIAL REPORTING, (2) UNCERTAINTY OF FUTURE FINANCIAL RESULTS, (3) ADDITIONAL FINANCING REQUIREMENTS, (4) DEVELOPMENT OF NEW PRODUCTS, (5) GOVERNMENT APPROVAL AND CONTRACTING PROCESSES, (6) THE IMPACT OF COMPETITIVE PRODUCTS OR PRICING, (7) TECHNOLOGICAL CHANGES, (8) THE EFFECT OF POLITICAL AND ECONOMIC CONDITIONS, (9) THE OUTCOME AND IMPACT OF LITIGATION TO WHICH THE COMPANY IS A PARTY AND THE SECURITIES AND EXCHANGE COMMISSION AND OTHER INVESTIGATIONS REGARDING THE COMPANY, (10) TURNOVER IN THE COMPANY'S SENIOR MANAGEMENT, (11) UNCERTAINTIES ASSOCIATED WITH THE REORGANIZATION PROCESS AND (12) OTHER UNCERTAINTIES DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING, WITHOUT LIMITATION, THOSE UNCERTAINTIES AND RISKS DISCUSSED IN DETAIL IN "RISK FACTORS," IN THE COMPANY'S PERIODIC REPORTS ON FORMS 10-K AND 10-Q. THE COMPANY UNDERTAKES NO OBLIGATION TO REVISE OR UPDATE PUBLICLY ANY FORWARD-LOOKING STATEMENTS TO REFLECT ANY CHANGE IN THE EXPECTATIONS OF OUR MANAGEMENT WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS, OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED.
212-786-6011 / gwiener@GWCco.com
SOURCE Point Blank Solutions, Inc.