POMPANO BEACH, Fla., Oct. 12 /PRNewswire/ -- Point Blank Solutions, Inc. (Pink Sheets: PBSOQ), a leader in the field of protective body armor solutions, today announced that its wholly owned subsidiary, PACA Body Armor ("PACA") has been awarded a contract with the City of Columbus, Ohio, Division of Fire valued at approximately $250,000.
The competitive solicitation was based on PACA's NATO style tactical carrier design constructed of abrasion resistant, Cordura outer shell materials with both front and rear stab resistant devices, dual-sized combo plate pockets and two, 10x12 blade plates. This highly customized, center-opening tactical armor system is ideally suited for First Responders who require immediate protection in high threat circumstances. Ruggedly durable and designed to be highly adaptive under any condition, this high performance vest offers exceptional protective coverage while allowing maximum freedom of movement. Easy to donn and doff and incredibly modular in construction, this specialized vest provides the perfect combination of form, fit and function.
Under the terms of the award, PACA will provide 325 vests, under its G3ACO Level IIIA ballistic package which is tested in accordance with NIJ 0101.04 /05 Interim requirements as well as military standards for V50 ballistics. The Company expects to complete this order within 30 days.
Michael Foreman, SVP, Sales and Marketing stated, "There continues to be a growing need for ballistic systems for not only law enforcement personnel, but all first responders. Firefighters and emergency service personnel in particular, constantly risk their lives on a daily basis and often face threats similar to law officers and federal agents, yet lack the body armor systems needed to ensure safety. Some agencies have taken steps in recent years to equip all first responders but there are still thousands who do not have the appropriate mission critical gear. Our Company has the capability and willingness to build products that meet the needs of all public safety personnel and we applaud the Columbus Ohio Division of Fire for their efforts and hope other agencies will follow suit."
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.