Pacific Safety Products Inc.

Pacific Safety Products Inc.

September 15, 2005 16:02 ET

Pacific Safety Products Inc. Announces New Member of the Board of Directors

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Sept. 15, 2005) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or "the Company") announces the appointment of Mr. John R. Brodie to PSP's Board of Directors.

Mr. Brodie, has been President of John R. Brodie Capital since September 2003. Previous to this he was a partner with KPMG, an international accounting firm. During his 28 years with KPMG, he held a number of senior management positions with the firm. He currently serves as Chair of the Audit Committee of Far West Mining Ltd., Rubicon Minerals Ltd. and Ag Growth Income Fund. In addition he serves on the Board of two private companies. He was recognized by the British Columbia Institute of Chartered Accountants as a Fellow in 2003 for his distinguished service to the community and his profession.

"The Board was actively seeking a new member to fulfill the roll of Audit Committee Chair, in response to Mr. Jennings notice that he would not be standing for re-election at the Annual General Meeting being held in November," stated David Scott, Interim CEO. "Mr. Brodie's financial expertise will greatly benefit the Company and I look forward to working with him."

"Mr. Jennings will remain on the Board and the Audit Committee until the AGM to ensure a smooth transition of this important role," continued Mr. Scott. "He has been a valuable asset to PSP in his role as Audit Chair for the past three years and as a Director for five years. I would like to thank Mr. Jennings for his many contributions and his valued insight during his time on the Board."

In conjunction with his appointment, Mr. Brodie has been issued 30,000 stock options, effective September 14, 2005 at an exercise price of $0.71, being the average closing price of the shares traded over the previous 20 trading days prior to the grant date. The options are subject to a vesting period with 50% vesting in six months and the other 50% vesting in twelve months.


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. These products primarily include body armour to protect against ballistic, stab and fragmentation threats. PSP is the largest armor manufacturer in Canada and also has significant international customers. The Company also produces tactical clothing and emergency medical kits. These products are marketed under the labels Pacific Emergency Products®, PROTECTED by PSP™, EXPLOSAFE®, and O2B.O.S.S.™. The Company's primary customers include military agencies, law enforcement agencies, private security companies and emergency medical service organizations.

The Company strives to provide quality protection solutions by effectively integrating the latest technologies to serve these customers' needs. Founded in 1984, PSP has grown to include more than 260 employees at three Canadian facilities in Kelowna, British Columbia, Brampton, Ontario and Arnprior, Ontario. These facilities are equipped with complete design, production and research capabilities. The Kelowna facility has one of the most advanced non-government operated ballistic research labs in North America.

In light of the sensitive nature of its products and customers, PSP may not disclose all information regarding end-users, government agencies or countries purchasing its products. It continues to be PSP's corporate policy to conduct business only with recognized domestic law enforcement, military and government agencies and foreign agencies that are approved by the Canadian Department of Foreign Affairs and International Trade.

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.

Forward Looking Statements: This release may contain forward looking statements based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures and financial results are forward looking statements. Some of the forward looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "projects", "indicates", and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents which may be filed with the British Columbia Securities Commission, the Alberta Securities Commission, the Ontario Securities Commission, the TSX Venture Exchange, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the Company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw material, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales in some products.

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

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