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2003 Press Releases
December 9, 2003
DHB Industries Expands Operations
CARLE PLACE, NY -- DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, is expanding its operations by opening a third Florida facility to accommodate the spiraling growth in its Armor Group.
Sandra Hatfield, Chief Operating Officer of DHB Industries stated, "With the past 15 consecutive quarters of growth behind us, and the success of our second facility opened earlier this year, we feel confident this new facility will provide multiple advantages. This new 104,000 sq. ft. plant will substantially improve flexibility for the Armor Group to fulfill its current backlog of $160 million while maintaining focus on expanding our product lines and increasing capacity for future growth."
Last month the Company announced it had received a $60 million purchase order for Point Blank’s "Interceptor" Outer Tactical Vest (OTV) from the U.S. Department of Defense. The order is believed to be the largest single order for body armor ever issued by the U.S. Department of Defense. The Company expects revenues for full-year 2003 will reach $217 million and projects full-year 2004 revenues will reach $250 million.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports
and braces which are merchandised through national superstore chains including
Target and Wal-Mart, as well as private label distributors such as Meijer,
Amerisource, Cardinal Health and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield
Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com
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.
November 12, 2003
DHB Industries Awarded $60 Million DoD Purchase Order
- Award is the Largest Purchase Order for Body Armor Ever Issued By the Department of Defense -
- DHB Also Announces $5 Million DoD Order for Hard Armor Gamma Plates -
CARLE PLACE, NY -- DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc.("Point Blank" http://www.pointblankarmor.com), has received a $60 million purchase order for body armor from the U.S. Department of Defense. Point Blank believes this is the largest single order for body armor ever issued by the U.S. Department of Defense.
The Company received the $60 million purchase order for Point Blank’s "Interceptor" Outer Tactical Vest (OTV). Point Blank is currently the only military approved provider of Interceptor OTV to the United States armed forces.
DHB Industries also announced that Point Blank has received a $5 million purchase order from the Department of Defense for hard armor gamma plates.
Point Blank’s Interceptor OTV is the lightest, most technologically advanced protective vest ever issued in the history of the armed forces of the United States. The Interceptor OTV system includes removable ceramic plates that can stop rifle fire such as the 7.62mm rounds fired by AK-47 rifles common in Iraq and Afghanistan. Older model vests protect against some shrapnel but not high-velocity rifle rounds.
U.S. Armed Forces worldwide are currently wearing Point Blank’s Interceptor OTV. Numerous soldiers serving in Iraq and Afghanistan have credited the Interceptor OTV with saving their lives. In a recently published news report, Major General Kevin C. Kiley at the Walter Reed Army Medical Center and Captain Michael J. Krentz, deputy commander of the National Navel Medical Center, said "high-tech body armor and state-of-the-art battlefield medical procedures are keeping more seriously wounded soldiers alive than ever before."
Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, said, "These new orders demonstrate the U.S. Department of Defense’s continued confidence in Point Blank’s ability to deliver technologically advanced body armor systems to the armed forces of the United States. We have an enormous sense of pride that our state-of-the-art body armor products are protecting and saving the lives of our men and women serving in the armed forces."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces, which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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.
August 28, 2003
DHB Hires Prominent Independent Accountants
CARLE PLACE, NY - DHB Industries, Inc.(AMEX: DHB ) (the "Company"), the market leader in the rapidly growing protective body armor industry, announced today that it has hired Weiser LLP, one of the oldest and most prominent accounting and consulting firms in the New York/New Jersey/ Connecticut tri-state area, to replace Grant Thornton LLP. Weiser LLP is ranked as one of the top twenty-five accounting and consulting firms in the country, with over eighty-two years of experience and 350 professionals.
Before its recent resignation as the Company's independent accountants, Grant Thornton reissued its audit report in the Company's Form 10-K/A filed with the Securities and Exchange Commission on July 24, 2003, which stated that the Company's consolidated financial statements presented fairly, in all material respects, the consolidated financial position of the Company and its subsidiaries as of December 31, 2002 and the consolidated results of its operations and consolidated cash flows for the year ended December 31, 2002, in conformity with accounting principles generally accepted in the United States. In addition, on August 14, 2003, Grant Thornton signed off on the Company's 10-Q for the quarter ended June 30, 2003 without qualification or adjustment.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive
line of athletic supports and braces which are merchandised
through national superstore chains including Target and
Wal-Mart, as well as private label distributors such as
Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park,
FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria,
VA. To learn more about DHB Industries, Inc., visit the
website at http://www.dhbindustries.com.
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.
August 12, 2003
Defense Department New Orders Top $31 Million for DHB
CARLE PLACE, NY - DHB Industries, Inc.(AMEX: DHB ), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc., has received more than $31 million in new delivery orders for body armor, including its "Interceptor" Outer Tactical Vest (OTV) from several branches of the U.S. Department of Defense.
U.S. Armed Forces are wearing Point Blank Body Armor's Interceptor OTV, the lightest, most technologically advanced protective system ever issued in the history of the armed forces of the United States. Point Blank Body Armor has been, and is, the sole provider of Interceptor to the United States military.
Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, said, "These new orders clearly demonstrate the U.S. Department of Defense's confidence in our ability to deliver technologically advanced body armor systems on demand to the armed forces of the United States. It is a testament to the quality and reliability of our products in protecting the lives of our servicemen and women in the armed forces."
"DHB Industries takes great pride in our relationship with the Department of Defense and their commitment to our technologies and products," said David H. Brooks, DHB 's Chief Executive Officer and Chairman. "Today's orders reflect the continuing popularity and strength that DHB 's technology and products are enjoying among its customers throughout the military marketplace."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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.
July 16, 2003
DHB Industries To Appeal Ruling
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry, issued the following statement:
DHB Industries received notification today that Administrative Law Judge Ira Sandron, issued his recommendation on July 10, 2003, after a hearing involving DHB s Point Blank Body Armor subsidiary and the Union of Needletrades Industrial & Textile Employees. “We disagree with every aspect of Sandron’s decision and recommended order,” states David Brooks, Chairman of the Board of DHB Industries, Inc.
“Sandron’s recommended order will be appealed to the National Labor Relations Board because it is totally wrong, totally unfair and improperly abuses a number of fine management people,” stated Brooks. “All that this decision does is mask the fact that the UNITE Union has been and remains unwilling to permit Point Blank employees to vote in a secret ballot election and answer the question as to whether they want to be represented by this Union. The Company has tried every way within its power to give our employees the opportunity to decide themselves if they want UNITE. Unfortunately, the Union will not agree.”
The Company believes that the Union’s bally-hooing this Administrative Law Judge’s recommended order does nothing to vindicate our employees right to select or reject the UNITE union as their representative. The Company is ready, willing and prepared to participate in a secret ballot, government-conducted election for that purpose and once again, asks that the Union drop its “intimidation and terrorist-like approach to employee rights.”
“All we have here is a recommended order by an Administrative Judge who is totally wrong. It will have no real impact on the operations of Point Blank Body Armor,” stated Brooks. “We will continue our business and continue to provide good jobs for our employees while the lawyers fight it out.”
“UNITE’s claim as to the scope of the Administrative Law Judge’s recommended order are also out of line,” commented Brooks. “Even if his decision was right, which it is not, its actual dollar cost to Point Blank would be far less than the number suggested by Union.”
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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 10, 2003
Record Breaking New Orders Top $85 Million for DHB
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc., has received more than $85 million in delivery orders for body armor, including its “Interceptor” Outer Tactical Vest (OTV) from several branches of the U.S. Department of Defense.
U.S. Armed Forces are wearing Point Blank Body Armor’s Interceptor OTV, the lightest, most technologically advanced protective system ever issued in the history of the United States Military. Point Blank Body Armor has been, and is, the sole source supplier of Interceptor. It was developed to exceed the rigorous standards set by the U.S. Marine Corps, and subsequently adopted by the U.S. Army and U.S. Air Force.
Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, stated, “Point Blank, home of the Interceptor OTV, has equipped American troops in Operation Enduring Freedom like no others before them. The magnitude of these orders is a clear indication of the confidence the Department of Defense has expressed in the Company and its products.”
“These record breaking orders reflect the strength of DHB s technology, products and our ability to handle very large volumes for the U.S. Department of Defense,” stated David H. Brooks, DHB s Chief Executive Officer and Chairman. “In early January, we began implementation of a pre-emptive strategic plan to provide our military customers with a dedicated production facility, and these efforts are clearly showing early dividends.” Mr. Brooks concluded.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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, 2003
DHB Industries Wins $5.3 Million Contract from the U.S. Military for Combat Vehicle Crewman's Vests
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, has been awarded a contract from the U.S. Military for the manufacture of Combat Vehicle Crewman's (“CVC”) vests.
The three year CVC contract was awarded by the Defense Supply Center Philadelphia. (“DSCP”). The first delivery order received under the new contract is valued at $1.7 million. The estimated value of contract if maximum quantities are ordered is $5.3 Million.
CVC vests provide a combination of Ballistic protection with lightweight outershells for a high degree of mobility and versatility within the tight confines of armored vehicles.
Commenting on the announcement, Sandra Hatfield, COO of DHB Industries, stated, “This contract win with the U.S. Military follows the enormously successful contract between the U.S. Military and our Point Blank Body Armor division for the Interceptor Outer Tactical Vest (OTV). We look forward to continuing to provide our Customers with exceptional products and service.”
DHB recently reported record revenues of $130.3 million for the full-year ended December 31, 2002. The backlog of firm, funded purchase and delivery orders as of March 1, 2003 was approximately $57 million. Given continued strong demand across all customer segments in the first quarter of 2003, revenues for Q1 will exceed the analysts’ estimates of $35 million.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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 2, 2003
DHB Industries To Receive $1 Million Insurance Agent Settlement
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry, announced today that it has won a settlement agreement from its insurance agent. Under the terms of the settlement, the insurance agent will pay DHB $1 million cash.
The Company had previously filed separate lawsuits against both its insurance agent and insurance carrier for negligence and breach of fiduciary duties as a result of the damages incurred during Hurricane Irene in October 1999. DHB still has a substantial multi-million dollar claim pending against the insurance carrier.
Commenting on the settlement, David H. Brooks, DHB s Chief Executive Officer and Chairman, stated, “We are pleased that an acceptable settlement could be reached with the insurance agent without the need for litigation. We still have a separate multi-million-dollar claim outstanding against the insurance carrier which we hope will result in a favorable conclusion.” Brooks continued, “As DHB did not reserve for this settlement, the Company will experience a one-time gain and earnings benefit in the second quarter.”
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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.
March 13, 2003
DHB Industries Shareholder Derivative Action Dismissed
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry, announced today the dismissal of a shareholder derivative action against DHB and six of its officers and directors brought by the Plumbers & Pipefitters Local 112 Pension Fund in October of 2002.
In the favorable decision on DHB s motion to dismiss, the Honorable Ira B. Warshawsky, Justice, Supreme Court, State of New York, County of Nassau states, “The evidence before me does not indicate that this is a garden variety claim of heedless director self dealing, mindless of peril to the company, or of negligence. Every major decision which plaintiff complains vis-à-vis the board seems to involve a labor issue. The complaint about the defendants’ management of the company are about defendants’ resistance to labor’s demands and retaliatory action taken against them.”
Commenting on the dismissal of the lawsuit, David H. Brooks, Chief Executive Officer of DHB Industries, Inc.stated, "We have always maintained that this was a frivolous lawsuit motivated by an unscrupulous union and that it would be promptly dismissed. This action validates our contention that the suit was brought by a union seeking to organize DHB s subsidiary by disseminating false information about the Company and its products to force the Company to accept union representation without a democratic vote. We are pleased that we can now put this lawsuit to rest and get on with what we do best – running our business successfully and providing body armor products that save lives and protect our nation’s military and law enforcement.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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.
February 19, 2003
DHB Industries Announces New Board Member
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry,today announced the appointment of Barry Berkman to its board of directors.
Mr. Berkman is a partner with Berkman Bottger & Rodd, a New York litigation practice and is a member of the American Bar Association as well as an Arbitrator and Mediator. Mr. Berkman holds degrees from Harvard University and Stanford University Law School.
"We are pleased to add Barry Berkman to our board of directors," said David H. Brooks, Chief Executive Officer of DHB Industries, Inc."Barry's background will be a tremendous asset to our Company. His understanding of our business and his legal expertise will enable him to make immediate contributions. We are delighted that he has agreed to serve on our board."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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.
February 6, 2003
DHB Industries Responds to Letter of Complaint Filed by UNITE Union
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry, issues this statement in response to a letter of complaint filed today with the SEC by UNITE - a union that is embroiled in an organizing dispute with DHB s Point Blank Body Armor subsidiary that is already the subject of ongoing litigation between these parties.
“This is the latest chapter in the union’s smear campaign,” stated David H. Brooks, Chief Executive Officer of DHB Industries, Inc.“Today, the union has filed these unfounded charges that largely rehash the same false allegations that this union has been repeating for months in a vain attempt to force the Company’s Point Blank Body Armor subsidiary to accept union representation without a democratic vote. We categorically deny these charges and are confident that the SEC will see the union’s filing today for what it is - a transparent act of gamesmanship by a union desperate to salvage its stalled organizing drive,” Mr. Brooks concluded.
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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.
January 31, 2003
DHB Industries Expanding Operations
CARLE PLACE, N.Y. -- DHB Industries, Inc.(Amex: DHB ), the market leader in the rapidly growing body armor industry, is expanding its operations by opening a new Florida facility to complement its existing facility.
Sandra Hatfield, Chief Operating Officer of DHB Industries, stated, "Yesterday, we notified our employees in our Oakland Park plant that we are expanding our operations by opening a second South Florida facility. This new plant will substantially improve production flow and efficiency while accommodating anticipated future sales growth. Point Blank's original facility will continue to operate at full capacity."
Also, late yesterday DHB received the decision of U.S. District Court Judge Marra in the proceeding filed by the National Labor Relations Board (NLRB). Commenting on the decision, Ms. Hatfield stated, "Given the high level of legal deference to the NLRB required of a court in this type of matter, we are not surprised by the decision. Even though we do not agree with the decision, we will, however, fully comply with it while remaining focused on the manufacturing of top quality products by our employees for our customers."
About DHB Industries Incorporated
DHB Industries, Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.
DHB maintains facilities in Carle Place, NY, Oakland Park, FL, Deerfield Beach, FL, Jacksboro, TN, and Alexandria, VA. To learn more about DHB Industries, Inc., visit the website at http://www.dhbindustries.com.
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
© 2007 Point Blank Solutions, Inc. All Rights Reserved.