Pacific Safety Products Inc.

Pacific Safety Products Inc.

April 09, 2007 06:00 ET

Pacific Safety Products Inc. Announces U.S. Acquisition and Appointment of Scotty Wylie

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - April 9, 2007) - Pacific Safety Products Inc. (TSX VENTURE:PSP)("PSP" or "the Company") announced today that its' U.S. subsidiary, Sentry Armor Systems Inc. ("Sentry") has signed a Purchase Agreement for the acquisition of the assets of Gator Hawk Armor Inc. ("Gator Hawk") of Ventura, California. Gator Hawk is a well established provider of soft armor products to State, County and local Law Enforcement Agencies in the United States. Under terms of this agreement, Gator Hawk Armor products will continue to be sold under its current Product and Brand name. This Agreement is subject to U.S. Federal Court approval prior to closing on April 30, 2007.

"We are also very pleased to announce that Thomas "Scotty" Wylie will join us as President of Gator Hawk Armor once this transaction closes," commented David Scott, Chairman and CEO of PSP. "Scotty has 26 years of experience in the armor market including past positions as Vice President of both Safariland and Armor Holdings. Mr. Wylie was one of the founders of Gator Hawk and has been its' President for the last six years. He will continue to support Gator Hawk customers while assuming additional responsibility for Sentry's sales and marketing."

Gator Hawk's production and customer support will be transitioned to Sentry's 100,000 square foot facility in Dover, Tennessee. David Daggett, CEO of Gator Hawk Armor Inc. has signed a six month consulting agreement to ensure a smooth transition from Ventura to Dover.

"This acquisition will increase PSP's presence in the United States market and contribute to our growth in U.S. sales. We also anticipate that this transaction will be accretive to PSP's consolidated results," continued David Scott.


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, and protective products against chemical and biological hazards. PSP is the largest armour 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 armour 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
    Chairman and Chief Executive Officer
    (250) 491-0911 or Toll Free: 1.888.PSP.ARMR (1-888-777-2767)
    (250) 491-0930 (FAX)