Pacific Safety Products Inc.
TSX VENTURE : PSP

Pacific Safety Products Inc.

August 16, 2007 06:00 ET

Pacific Safety Products Inc. Announces Corporate Update

KELOWNA, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2007) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or "the Company") together with its U.S. subsidiary, Sentry Armor Systems Inc. ("Sentry") announces an update on corporate strategies.

The Company wishes to keep investors informed as to its progress in the U.S. market since the asset acquisition of Gator Hawk Armor Inc.

- All manufacturing work has now been transferred to the Sentry Armor Systems facility in Dover, TN. Production deliveries commenced from Dover in July 2007.

- New orders since 1 May 2007 when the acquisition was completed exceeded $1 million. This is a 10 fold increase in new orders over the previous three months. Included in this order volume are international customers with end user destinations in Mexico, Japan and Iraq.

- Sentry/PSP has signed an exclusive agreement with Burlington Safety Laboratory Inc. of Burlington, N.J. for distribution of PSP's Explosafe Products for the Utility and Electrical Safety Markets in the United States. PSP Explosafe Products are made from the same high performance ballistics found in PSP's advanced body armour solutions, and will be used for protection from electric arc and blasts encountered in industrial environments.

Burlington Safety Laboratory Inc. has a national presence and is a leading supplier of safety products to electric utilities, telecommunications companies, facility maintenance firms, power line contractors and industrial accounts.

For more information on Pacific Safety Products visit the PSP website at
www.pacsafety.com.

For more information visit the Burlington Safety Laboratory web site at www.burlingtonsafety.com.

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