DHB Industries Receives $54 Million Purchase Order from U.S. Army for Interceptor(TM) OTV (Outer Tactical Vest)
March 03 2006 - 7:30AM
PR Newswire (US)
WESTBURY, N.Y., March 3 /PRNewswire-FirstCall/ -- DHB Industries
Inc. (AMEX:DHB), announced today that its subsidiary, Point Blank
Body Armor, received approximately a $54 million purchase order
from the United States Army for its Interceptor(TM) OTV (Outer
Tactical Vest). The Interceptor(TM) OTV is a technologically
advanced protective system which provides protection to the torso
and can be integrated with other compatible products to add
additional protection. On February 22, 2006, the Company announced
a $14 million delivery order for its Deltoid Axillary Protection
System (D.A.P.S) product which provides additional protection by
shielding the under arm, shoulder and upper arm areas not currently
covered by Interceptor(TM). The Company is proud that the United
States Armed Forces worldwide wear Point Blank's Interceptor(TM)
OTV, which has been credited with saving the lives of many
soldiers. About DHB Industries Incorporated DHB Industries Inc.'s
Armor Group is in the protective body armor industry. Its highly
recognized subsidiaries, Point Blank Body Armor Inc.
(http://www.pointblankarmor.com/) and Protective Apparel
Corporation of America (PACA) (http://www.pacabodyarmor.com/), are
focused on the design, manufacture, and distribution of bullet
resistant and protective body armor for military, law enforcement,
and corrections in the U.S. and worldwide. DHB Sports Group
produces and markets a comprehensive line of athletic supports and
braces which are merchandised through national superstore chains as
well as through private label distributors. DHB maintains
facilities in Westbury, NY, Deerfield Beach, FL, Oakland Park, FL,
Pompano Beach, FL, Jacksboro, TN and Arlington, VA. To learn more
about DHB Industries Inc., visit the website at
(http://www.dhbindustries.com/). 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,
those discussed in our reports on file with the Securities and
Exchange Commission. You are cautioned not to place undue reliance
on these forward- looking statements that speak only as of the date
hereof. We undertake 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: Dawn Schlegel, CFO 516/997-1155
DATASOURCE: DHB Industries Inc. CONTACT: Dawn Schlegel, CFO of DHB
Industries Inc., +1-516-997-1155, Web site:
http://www.dhbindustries.com/ http://www.pointblankarmor.com/
http://www.pacabodyarmor.com/
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