American Defense Systems, Inc. Recognized among the Fastest-Growing Entrepreneurial U.S. Companies as Ranked by the Inc 5000
August 21 2008 - 1:02PM
Business Wire
American Defense Systems, Inc. �ADSI� (AMEX: EAG), offering
advanced transparent as well as opaque armor, architectural
hardening and security products for the defense and homeland
defense markets, announced today that Inc. has ranked the Company
as one of the fastest-growing private companies in America. The
2008 Inc. 5,000 list was launched on August 20, 2008, covering high
growth oriented private companies through the period ended December
31, 2007. American Defense Systems� ranking reflects its status as
a private company in 2007, having subsequently completed its
initial public listing on the American Stock Exchange. American
Defense Systems earned the rank of 696 out of the 5,000 companies
ranked in the annual 2008 Inc. 5,000 analysis, an expansion of the
Inc. 500 which, according to Inc., has served as a benchmark for
the most innovative, dynamic, and successful private companies in
the nation since 1982. The Inc. 5,000 includes the Inc. 500 but,
according to Inc., digs deeper to offer a more comprehensive look
at the entrepreneurial private company growth engines helping drive
the U.S. economy. Anthony Piscitelli, ADSI�s Chief Executive
Officer, remarked, �We are honored to have been recognized as one
of America�s fastest growing and entrepreneurial businesses. This
prestigious ranking is particularly helpful in the wake of our
public listing on the American Stock Exchange, and increasing
ADSI�s exposure within the investment community.� The Inc. 5,000 is
ranked according to percentage revenue growth over a four year
period. Additionally, contending companies must be U.S.-based,
privately held, for profit, and independent -- not subsidiaries or
divisions of other companies -- as of December 31, 2007. Since
then, a number of companies on the list have gone public, including
American Defense Systems, Inc. About Inc.com Inc.com, the daily
resource for entrepreneurs, delivers how-to guides, advice, tools,
breaking news, and rich multi-media to help business owners and
CEOs start, run, and grow their businesses. Inc.com offers dynamic
marketing solutions to help advertisers effectively reach Inc.com's
audience of business leaders. For additional information regarding
the Inc. 5,000 please visit http://www.inc.com/inc5000. About
American Defense Systems, Inc. American Defense Systems, Inc.
�ADSI� (AMEX: EAG) offers advanced solutions in the design,
fabrication, and installation of transparent and opaque armor,
security doors, windows and curtain wall systems for use by
military, law enforcement, homeland defense and corporate
customers. ADSI engineers also specialize in developing innovative,
functional and aesthetically pleasing security applications for the
mobile and fixed infrastructure physical security industry. For
more information about American Defense Systems, Inc. please visit
the corporate Web site at http://www.adsiarmor.com Some of the
statements made by American Defense Systems, Inc. (�ADSI�) in this
press release, including, without limitation, statements regarding
ADSI�s anticipated future growth, are forward-looking in nature.
ADSI intends that any forward-looking statements shall be covered
by the safe harbor provisions for such statements contained in the
Private Securities Litigation Reform Act of 1995. Statements that
are predictive in nature, that depend upon or refer to future
events or conditions, or that include words such as �may,� �will,�
�should,� �expects,� �anticipates,� �intends,� �plans,� �believes,�
�estimates,� �predicts,� �potential,� �continues� and similar
expressions are forward-looking statements. ADSI cautions you that
forward-looking statements are not guarantees of performance. ADSI
undertakes no obligation and disclaims any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause ADSI�s actual future results to differ materially from
those projected or contemplated in the forward-looking statements.
ADSI believes that these risks include, but are not limited to:
ADSI�s reliance on the U.S. government for a substantial amount of
its sales and growth; decreases in U.S. government defense
spending; ADSI�s ability to contract further with the U.S.
Department of Defense; ADSI�s ability to comply with complex
procurement laws and regulations; competition and other risks
associated with the U.S. government bidding process; changes in the
U.S. government�s procurement practices; ADSI�s ability to obtain
and maintain required security clearances; ADSI�s ability to
realize the full amount of revenues reflected in its backlog;
ADSI�s reliance on certain suppliers; and intense competition and
other risks associated with the defense industry in general and the
security-related defense sector in particular. Additional
information concerning these and other important risk factors can
be found under the heading �Risk Factors� in ADSI�s filings with
the Securities and Exchange Commission, including, without
limitation, its most recent registration statement on Form 10.
Statements in this press release should be evaluated in light of
these important factors.
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