Pacific Safety Products Inc.
TSX VENTURE : PSP

Pacific Safety Products Inc.

December 04, 2006 15:41 ET

Pacific Safety Products Inc. Announces Advance Order From Canadian Government

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or "the Company") today announced the receipt of an advance order from the Canadian Department of National Defence for enhancements to the Company's Fragmentation Protection Vests.

"This opportunity is estimated to be potentially worth $4-$5 million over the next twelve months based on a full deployment. PSP has worked closely with the customer to develop this product upgrade," stated CEO David Scott.

The company also announced initial orders have been received from BC Hydro and Calfrac Well Services Ltd. for ballistic blankets to protect infrastructure and personnel against blast effects during operations.

"The company believes this developing market could provide an additional $3 million of annual sales in calendar year 2007," added D. Scott.

The total value for the initial orders announced today is approximately $500,000.

OVERVIEW OF THE BUSINESS

The mission statement of Pacific Safety Products Inc. is ...we bring everyday heroes home safely™. PSP is an established industry leader in the development, production and distribution and sale of high-performance and high-quality protective products for the defence and security market. These products include body armor to protect against ballistic, stab and fragmentation threats, ballistic blankets to reduce blast effects and protective products against chemical and biological hazards. PSP is the largest armour manufacturer in Canada and supplies its products to the Canadian Department of National Defence, federal government agencies and major law enforcement organizations across the country. The Company, through its subsidiary, Sentry Armor Systems Inc., provides body armour products to U.S. based law enforcement and private security firms.

The Company provides quality protection solutions by effectively integrating the latest technologies to serve our customers' needs. Founded in 1984, PSP has grown to include more than 280 employees at our Canadian and U.S. facilities. These facilities are equipped with complete design, production and research capabilities.

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.

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

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