DHB Industries, Inc. Receives Notice from the American Stock Exchange of Noncompliance with Certain Continued Listing Standards
April 07 2006 - 6:00PM
PR Newswire (US)
WESTBURY, N.Y., April 7 /PRNewswire-FirstCall/ -- DHB Industries
Inc. (AMEX:DHB), a leader in the field of protective body armor,
announced today that, on April 3, 2006, it received a notice from
the American Stock Exchange (AMEX) that the Company was not in
compliance with the continued listing standards under Sections 134
and 1101 of the AMEX Company Guide due to the Company's previously
announced failure to timely file its Annual Report on Form 10-K for
the fiscal year ended December 31, 2005 with the Securities and
Exchange Commission. The receipt of the notice will not result in
the immediate delisting of the Company's common stock from the
AMEX. The Company intends to provide a timely response to the AMEX
notice and to take other action to return to compliance with the
AMEX continued listing standards. As previously announced, the
Company intends to file its Annual Report on Form 10-K as soon as
practicable and is working diligently to do so. However, there can
be no assurance that the Company will be able to take all of the
actions necessary to return to compliance with the AMEX continued
listing standards. 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: Larry Ellis, President 516/997-1155
DATASOURCE: DHB Industries Inc. CONTACT: Larry Ellis, President 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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