Pacific Safety Products Inc.
TSX VENTURE : PSP

Pacific Safety Products Inc.

May 12, 2005 17:17 ET

Pacific Safety Products Inc. Announces Corporate Re-Organization

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - May 12, 2005) - Pacific Safety Products Inc. - (TSX VENTURE:PSP) - ("PSP" or "the Company") - is pleased to announce that Mr. Gerald Bush has been named Chief Operating Officer (COO) for PSP's Canadian operations. Since January of this year Mr. Bush has worked with PSP providing program management services for the Fragmentation Protective Vest and Horizon 1 Coverall contracts, successfully bringing both these important programs into production. "PSP is poised for strong growth over the next 2 years," said Brad Field, President and CEO, "and Gerry has the breadth and depth of management experience to successfully lead PSP Canada through this exciting period."

Mr. Bush brings experience from the defense and aerospace industry where he has held progressively senior positions. Most recently he served as President, Space and Technology Group at EMS Technologies Inc. Mr. Bush has a Ph.D. in Engineering from Concordia University and an MBA degree from Queens University. He will report directly to Brad Field, the Chief Executive Officer.

"The appointment of Bush to the COO position will let me focus more time on strategic initiatives," said Field. "The U.S. market is extremely important to PSP and we are moving forward with plans to increase our activity and presence in this region of the world."

Effective immediately Mr. Brad Ditchfield has been appointed to the position of Executive Vice President, U.S. Business Development. Mr. Ditchfield has been a member of the PSP team since October 2000 and has held the positions of Director of Product Development and most recently the Executive Vice President of Operations. Prior to joining PSP Mr. Ditchfield held positions with major U.S. based law enforcement companies such as Armor Holdings Inc., Safariland Ltd. Inc. and Point Blank Body Armor.

PSP is also pleased to announce the hiring of Ms. Cynthia Mooney as the Director of Sales, U.S. Federal Law Enforcement and Military. Ms. Mooney has a BS in Apparel Design from Syracuse University and a MS in Textiles from Cornell University, in addition to being a graduate of the Defense Systems Management College's Program Management Course. Ms. Mooney spent 14 years with the US Government managing Soldier System programs, and was most recently Director of Government/Military Programs and Sales with Armor Holdings Inc.

About PSP - The mission statement of Pacific Safety Products Inc. is ...we bring everyday heroes home safely™. PSP is an established industry leader in the production, distribution and sale of high-performance and high-quality safety products. These products primarily include body armour to protect against ballistic, stab and fragmentation threats. PSP is the largest armour manufacturer in Canada and has significant international customers. The Company also produces tactical clothing and emergency medical kits. These products are marketed under the labels Pacific Emergency Products®, PROTECTED by PSP™, EXPLOSAFE®, and O2B.O.S.S.®. The Company's primary customers include military agencies, law enforcement agencies, private security companies, fire departments and emergency medical service organizations.

The Company strives to provide quality protection solutions by effectively integrating the latest technologies to serve these customers' needs. Founded in 1984, PSP has grown to include more than 190 employees at three Canadian facilities in Kelowna, British Columbia; Brampton, Ontario; and Arnprior, Ontario. These facilities are equipped with complete design, production and research capabilities. The Kelowna facility has one of the most advanced non-government operated ballistic research labs in North America.

In light of the sensitive nature of its products and customers, PSP may not disclose all information regarding end-users, government agencies or countries purchasing its products. It continues to be PSP's corporate policy to conduct business only with recognized domestic law enforcement, military and government agencies and foreign agencies that are approved by the Canadian Department of Foreign Affairs and International Trade.

Pacific Safety Products Inc. is a reporting issuer in British Columbia, Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX Venture Exchange.

Forward-Looking Statements: This release may contain forward-looking statements based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "projects", "indicates", and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents, which may be filed with the British Columbia Securities Commission, Alberta Securities Commission, the Ontario Securities Commission and / or the TSX Venture Exchange, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the Company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw material, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales in some products.

PSP™, PROTECTED BY PSP™, and ...we bring everyday heroes home safely™ are trademarks of Pacific Safety Products Inc.

Pacific Emergency Products® , EXPLOSAFE® and O2 B.O.S.S.® are registered trademarks of Pacific Safety Products Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information