ARNPRIOR, ONTARIO--(Marketwire - Nov. 14, 2012) - Pacific Safety Products Inc. ("PSP" or the "Company") (TSX VENTURE:PSP) announced today that it has granted 750,000 stock options to Mr. Terry Vaudry, the Company's Chief Executive Officer. The stock options are exercisable at a price of $0.10 and expire five years from the date of grant.
PSP also announces that effective immediately Barbara Peacock has resigned her position as CFO. Terry Vaudry, PSP's CEO, will assume the role of Interim CFO until a full search is conducted.
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, 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® 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 the 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.