Pacific Safety Products Inc.
TSX VENTURE : PSP

Pacific Safety Products Inc.

September 04, 2007 13:03 ET

Pacific Safety Products Inc. Announces Changes to Board of Directors

KELOWNA, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2007) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or "the Company") announced today changes to the composition of the Board of Directors effective September 1, 2007.

John R. Brodie, FCA, will assume the role of Chairman of PSP. David Scott will remain a Director and CEO but has relinquished the post as Chairman to ensure a separation of roles and to devote his time exclusively to the CEO role. John R. Brodie has been Chair of the Company's Audit Committee for the last 2 years and previously has had a distinguished career with KPMG as a Senior Partner. Replacing Mr. Brodie as Chair of the Audit Committee is Martin Carsky who joins the Board as of September 1, 2007.

Mr. Carsky is the Executive Vice President of Anthem Capital Corp., the private investment arm of the Anthem group of companies. Previously, he was the CEO of Cryopak Industries Inc. and has acted as a consultant on restructurings, mergers and acquisitions, and divestitures for a number of Vancouver-based publicly traded companies. He also serves as a Director and the Chair of the Audit and Governance Committee for Metrobridge Networks International Inc., is a Director and the CEO of Anthem Ventures Capital Corp., and is a Director and CFO of Kruger Capital Corp. Mr. Carsky has an undergraduate degree in Science and is a Chartered Accountant.

"I am impressed by the accomplishments of the team at PSP during the past 18 months and I am honoured to be asked to join such a high calibre Board," stated Mr. Carsky. "I hope that my experience will be valuable as they continue to build on that success."

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 production, distribution and sale of high-performance and high-quality safety 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 armor manufacturer in Canada and supplies its products to the Canadian Department of Defence, Federal Government Agencies and major law enforcement organizations across the country. The Company, through its U.S. subsidiary Sentry Armor Systems Inc., provides body armor products to U.S. based law enforcement and private security firms. The Company also produces tactical clothing and emergency medical kits.

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.

Contact Information

  • Pacific Safety Products Inc
    David Scott
    Chairman and Chief Executive Officer
    (250) 491-0911 or Toll Free: 1-888-PSP-ARMR (1-888-777-2767)
    (250) 491-0930 (FAX)
    Email: dscott@pacsafety.com
    Website: www.pacsafety.com