Pacific Safety Products Inc.
TSX VENTURE : PSP

Pacific Safety Products Inc.

April 19, 2007 09:00 ET

Pacific Safety Products Inc. Announces Confirmation of Contract Extention

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - April 19, 2007) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or "the Company") announced today that Canada's Department of National Defence (DND) has exercised its option for the production of Personal Protective Shields, valued at C$1.0 million. This confirms the advance notice previously announced on March 6, 2007. This product has general purpose use by the Canadian Forces.

This brings the total order value to approximately $3.0 million, based on the original order for $2.0 million announced in January 2007 and the contract extension of an additional $1.0 million. Deliveries of this contract extension are expected to commence shortly.

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 armour 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 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 armour 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
    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