Pacific Safety Products Inc.

Pacific Safety Products Inc.

November 30, 2007 14:21 ET

Pacific Safety Products Inc. Announces Re-Election of Directors

KELOWNA, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - Pacific Safety Products Inc. (TSX VENTURE:PSP) held its Annual General Meeting on November 28, 2007 at which time all seven Board members were re-elected. Mr. David Scott, Mr. Brad Field, Mr. Mel Cooper, Mr. Martin Carsky, Mr. John Brodie, Mr. James Juntilla and the Honourable Roy McLaren were elected by acclamation for a further one-year period.

"I am very pleased that our Board members have chosen to continue serving PSP for another year," comments David Scott, CEO. "We have an exceptional group of individuals who will continue to provide strong leadership and guidance to management and ensure that the Company is governed to the highest independent standards."

In conjunction with their re-election and the Board Compensation Plan, Mr. Cooper, Mr. Carsky, Mr. MacLaren, Mr. Field and Mr. Juntilla were issued 30,000 stock options and Mr. Brodie, in his role of Chair of the Board was issued 50,000 stock options. All options were granted as of November 28, 2007 with an exercise price of $0.93, being the average closing price of the shares traded over the previous 20 trading days prior to the grant date.

About PSP

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
    Chief Executive Officer
    (250) 491-0911
    Pacific Safety Products Inc.
    Jacques Bonaventure
    VP Corporate Development
    (613) 623 6001 x. 226