Pacific Safety Products Inc.

Pacific Safety Products Inc.

September 30, 2013 17:23 ET

Pacific Safety Products Inc. Announces Re-Pricing of Stock Options

ARNPRIOR, ONTARIO--(Marketwired - Sept. 30, 2013) - Pacific Safety Products Inc. (TSX VENTURE:PSP) (the "Company") announced today that it re-priced 1,250,000 previously granted stock options from $0.10 to $0.05. None of the optionholders who are subject to the re-pricing are insiders of the Company. The re-pricing has been approved by the board of directors of the Company and the TSX Venture Exchange.

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 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 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.

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