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NEWS RELEASE PACIFIC SAFETY PRODUCTS INC. INCREASES ORDER BOOK WITH $549,000 WIN |
KELOWNA, British Columbia, Canada – June 12, 2006 - Pacific Safety Products Inc. (TSX VENTURE: PSP) ("PSP" or "the Company") announced today it has been awarded an order valued at $549,000 for defence related products from a classified customer.
David Scott, CEO and Chairman states "With this win, PSP has announced $11M of significant new business wins since 1 February 2006. This is in addition to normal course orders that, in themselves, have exceeded $2.5M over the same period. We currently have a healthy order book and excellent prospects for our upcoming new fiscal 2007 year beginning 1 July 2006.”
“This confirms PSP as the provider of choice in its markets within the Defence and Security sector." continued Scott.
OVERVIEW OF THE BUSINESS
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. These products primarily
include body armor to protect against ballistic, stab and fragmentation
threats. PSP is the largest armor
manufacturer in Canada and has significant international customers. 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.
For more
information, please contact:
Pacific Safety
Products Inc.
2821 Fenwick Road
Kelowna, British
Columbia, CANADA V1X 5E4
David Scott
Chief Executive
Officer
E mail: dscott@pacsafety.com
Web site: www.pacsafety.com
Toll free phone: 1.888.PSP.ARMR
(1.888.777.2767)
Phone: 250.491.0911
Fax: 250.491.0930