Pacific Safety Products Inc.

Pacific Safety Products Inc.

May 05, 2011 16:01 ET

Pacific Safety Products Completes Sale of APS Distributors Business to R. Nicholls Distributors Inc.

ARNPRIOR, ONTARIO--(Marketwire - May 5, 2011) -Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or the "Company"), a leading North American manufacturer of advanced armour and protective solutions, announced today that it has completed the sale of its Bedford, Nova Scotia based APS Distributors business to R. Nicholls Distributors Inc. ("Nicholls").

PSP is working with Nicholls to ensure the smooth transition of the business.

In accordance with the terms of the sale transaction, Nicholls has acquired the APS Distributors name and will be using it in its continuing business.

PSP looks forward to continuing to meet the needs of its customers for personal protection products as the largest body armour manufacturer in Canada.

About Nicholls

Nicholls is a Montreal headquartered private company. For more than 30 years, Nicholls has been supplying Canadian private security and public law enforcement agencies across Canada with a vast selection of specialized equipment and uniform products. Today, Nicholls is the largest Canadian distributor of such equipment and one of the largest manufacturers of uniforms in the country.

About PSP

The mission statement of Pacific Safety Products Inc. is ...we bring everyday heroes home safely(R). PSP is an established industry leader in the production, distribution and sale of high-performance and high-quality safety products for the defence and security market. These products include body armour to protect against ballistic, stab and fragmentation threats, ballistic blankets to reduce blast effects, tactical clothing, and protective products against chemical and biological hazards. PSP is the largest body armour manufacturer in Canada, directly supplying the Canadian Department of National Defence, Federal Government Agencies and major Canadian law enforcement organizations. The Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body armour products under the GH Armor Systems(R) brand to U.S. based law enforcement and private security firms. The Company also produces tactical clothing. Pacific Safety Products is a reporting issuer in British Columbia, Alberta and Ontario, Canada and publicly trades under the symbol PSP on the TSX Venture Exchange.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pacific Safety Products Inc.
    Douglas Lucky
    Chief Executive Officer
    (613) 623-6001