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2000 Press Releases
December 1, 2000
DHB 's Board Authorizes 2 Million Share Repurchase
Carle Place, New York -- DHB Capital Group (OTC:DHBT) today announced a directive from its board authorizing the company to purchase up to 2 million shares of its common stock in the open market, from time to time, at its discretion.
DHB Capital Group, Inc. is the parent company of two operating groups, which include:
• The Armor Group, consisting of four individual subsidiaries focused on the design, manufacture and international distribution of bullet resistant and protective body armor for military, law enforcement and corrections. Contracts with Government agencies including, among others, The U.S. Marine Corps., The U.S. Army, The U.S. Secret Service, The FBI, New York City Police Department, Los Angeles Police Department & SWAT makes the Armor Group the leader in their industry.
• The Sports Group, which produces and markets a comprehensive line of athletic supports and braces, orthopedic and magnetic therapy products merchandises through national superstore chains including Target, Wal-Mart, and Rite-Aid and has recently added over 5,500 points of distribution in its agreement with CDMA.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
October 3, 2000
DHB Capital Group Inc. Receives Additional $6 Million Plus Military Order from U.S. Army
— Total Interceptor Orders Now at More than $64 Million —
Carle Place, New York -- DHB Capital Group (OTC:DHBT) announced today that Point Blank Body Armor, Inc. has received an additional purchase order from the U.S. Army Material Command Acquisition Center, Natick Contracting Division, for the "Interceptor" Outer Tactical Vest for the U.S. Army. This latest order is valued in excess of $6 million and follows directly on the heels of a $22+ million purchase order received last month.
"This order clearly represents the continuation of a very successful program for Point Blank," stated Sandra Hatfield, President of Point Blank Body Armor, Inc. "This is a direct result of the relentless research, continuous development and comprehensive support we provide to our military forces."
"We are extremely pleased to be receiving these additional orders for the Interceptor. It is a great tribute to the exceptional gains in quality and innovation our employees have made in recent years," stated Mr. David H. Brooks, Chairman of the Board of DHB Capital Group, Inc, "This additional order reflects Point Blank's growing reputation for developing and delivering technologically advanced body armor for U.S. Military Forces."
DHB Capital Group, Inc. is the parent company of two operating groups, which include:
• The Armor Group, consisting of four individual subsidiaries focused on the design, manufacture and international distribution of bullet resistant and protective body armor for military, law enforcement and corrections. Contracts with Government agencies including, among others, The U.S. Marine Corps., The U.S. Army, The U.S. Secret Service, The FBI, New York City Police Department, Los Angeles Police Department & SWAT makes the Armor Group the leader in their industry.
• The Sports Group, which produces and markets a comprehensive line of athletic supports and braces, orthopedic and magnetic therapy products merchandises through national superstore chains including Target, Wal-Mart, and Rite-Aid and has recently added over 5,500 points of distribution in its agreement with CDMA.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
September 12, 2000
DHB Capital Group Inc. Receives Record $22+ Million Military Order From U.S. Army
— Largest Single Purchase Order in Point Blank Body Armor History —
Carle Place, New York -- DHB Capital Group (OTC:DHBT) announced today that Point Blank Body Armor, Inc. has received the first in an anticipated series of purchase orders from the U.S. Army Material Command Acquisition Center, Natick Contracting Division, for the "Interceptor" Outer Tactical Vest for the U.S. Army. The initial contract is valued in excess of $22 million and is the largest single purchase order in the company's history. This is in addition to the more than $36 million in purchase orders Point Blank has received from the United States Marine Corps to date.
"Through continuous diligent research and development, the Interceptor is setting the precedent for future military procurement," stated Sandra Hatfield, President of Point Blank Body Armor, Inc., "This marks the dawn of a new era for our nation's military and we remain steadfast in our commitment to providing the armed forces with the best possible protection on the battlefield."
"This order clearly signals a decisive vote of confidence in our ability to continuously design, develop and deliver technologically advanced body armor for U.S. Military Forces," stated Mr. David H. Brooks, Chairman of the Board of DHB Capital Group, Inc, "This could very well set the stage for future opportunities within the remaining branches of the U.S. Military and NATO armed forces."
DHB Capital Group, Inc. is the parent company of two operating groups, which include:
• The Armor Group, consisting of four individual subsidiaries focused on the design, manufacture and international distribution of bullet resistant and protective body armor for military, law enforcement and corrections. Contracts with Government agencies including, among others, The U.S. Marine Corps., The U.S. Army, The U.S. Secret Service, The FBI, New York City Police Department, Los Angeles Police Department & SWAT makes the Armor Group the leader in their industry.
• The Sports Group, which produces and markets a comprehensive line of athletic supports and braces, orthopedic and magnetic therapy products merchandises through national superstore chains including Target, Wal-Mart, and Rite-Aid and has recently added over 5,500 points of distribution in its agreement with CDMA.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
April 3, 2000
No Prosecution of DHB Capital Group Inc.
— U.S. Department of Justice Drops Investigation —
Carle Place, New York -- PR Newswire -- DHB Capital Group Inc. (OTC: DHB) today announced receipt of notification from the United States Department of Justice that it has terminated its investigation and that neither DHB Capital Group Inc. nor its subsidiary Point Blank Body Armor, Inc., will be prosecuted for alleged hiring of illegal immigrants.
"This advisement by the Department of Justice concludes an investigation that began in October 1999 with the search of DHB 's manufacturing facility in Oakland Park, Florida," stated Roma W. Theus, II, Esq., of Holland & Knight LLP., the firm representing the Company in connection with the investigation. "The termination of this investigation enables DHB to continue the aggressive pursuit of its interests without the distraction and uncertainty resulting from an on-going federal investigation," he concluded.
DHB Capital Group, Inc. is the parent company of two operating groups, which include:
• The Armor Group, consisting of four individual subsidiaries focused on the design, manufacture and international distribution of bullet resistant and protective body armor for military, law enforcement and corrections. Contracts with Government agencies including, among others, The U.S. Marine Corps., The U.S. Army, The U.S. Secret Service, The FBI, New York City Police Department, Los Angeles Police Department & SWAT makes the Armor Group the leader in their industry.
• The Sports Group, which produces and markets a comprehensive line of athletic supports and braces, orthopedic and magnetic therapy products merchandises through national superstore chains including Target, Wal-Mart, and Rite-Aid and has recently added over 5,500 points of distribution in its agreement with CDMA.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
Point Blank Solutions, Inc.
2102 SW 2nd Street, Pompano Beach, FL 33069
Nationwide: 1-800-413-5155 • Tel: 954-630-0900 • Fax: 954-630-9225
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