Pacific Safety Products Inc.
TSX VENTURE : PSP

Pacific Safety Products Inc.

September 09, 2005 16:00 ET

Pacific Safety Products Inc. Announces Resignation of Executive Officer

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Sept. 9, 2005) - Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or "the Company") announces the resignation of Mr. Brad Ditchfield, Executive Vice President US Business Development, effective October 15, 2005.

"Mr. Ditchfield has been a valued member of the Executive Leadership Team at PSP for the last five years and made many contributions to the growth of the Company," stated David Scott, Interim CEO. "On behalf of PSP, I wish to thank Mr. Ditchfield and wish him well in his future endeavors."

The US Division will be led by Cynthia Mooney who is currently a member of PSP's Executive Team located in Jacksonville, Florida. Ms. Mooney will manage the Sales and Marketing organization in the US. "We are committed to growing our business base in the United States," says David Scott, "and we will continue to invest in research & development and sales resources to achieve this objective."

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. 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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