Pacific Safety Products Inc.

Pacific Safety Products Inc.

July 02, 2013 13:07 ET

Pacific Safety Products Inc. Completes Issuance of Shares in Satisfaction of Board and Management Fees

ARNPRIOR, ONTARIO--(Marketwired - July 2, 2013) - Pacific Safety Products Inc. ("PSP" or the "Company") (TSX VENTURE:PSP) announced today that, further to its press release dated June 24, 2013, it completed the issuance of an aggregate of 1,050,000 common shares in satisfaction of an aggregate of $52,500 of indebtedness. The issued common shares will be subject to a hold period of four months and one day from the date of issuance.

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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