Point Blank Solutions Receives $30 Million in Orders to Support U.S. Military and Government Operations

POMPANO BEACH, Fla., Oct. 5, 2011 /PRNewswire/ -- Point Blank Solutions, Inc. (OTC-BB: PBSO), a leader in the field of protective body armor, today announced that Point Blank Body Armor, the Company's wholly owned subsidiary, has received multiple orders totaling approximately $30 million for the production of Outer Tactical Vest ("OTV") ballistic panel kits and related ballistic components.  Products produced by the Company will be used to support U.S. Military and Government operations and the Company expects to begin production in the fourth quarter of 2011.

Commenting on the announcement, Jim Henderson, Chief Executive Officer and Chairman of the Board stated, "Over the past year, we have made significant improvements in our manufacturing capabilities, improved our supply chain and industry relationships and greatly enhanced our product design and engineering initiatives.  All of these steps have enabled us to remain a key supplier of protective solutions for the U.S. Military and Government, and have contributed to our growth in other areas of our business, most notably the domestic law enforcement market.  We look forward to continuing to meet the needs of the Government and all of our customers, providing the most innovative body armor solutions the industry has to offer."  

Point Blank Body Armor continues to produce solutions for the U.S. Military and Government and has generated approximately $50 million in sales year-to-date.  With current backlog commitments, the Company expects 2011 sales for this channel, both direct and through its strategic teaming partners, to exceed $75 million.

ABOUT POINT BLANK SOLUTIONS, INC.

Point Blank Solutions Inc., through its subsidiaries Point Blank Body Armor ("PBBA") and PACA Body Armor ("PACA"), manufacturers and markets protective technologies, such as bullet, fragmentation and stab resistant apparel, and related ballistic accessories.  The Company's solutions are used domestically and internationally by military, law enforcement, security and corrections personnel, as well as by government agencies. Point Blank is a recognized market leader in the law enforcement community with a growing international platform. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, Point Blank Solutions believes that it delivers 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 AND (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.

Company Contact:
Glenn Wiener
Point Blank Solutions, Inc.
212-786-6011

SOURCE Point Blank Solutions, Inc.