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In light of recent press activities and statements by a former executive, David H. Brooks, we would like to remind all constituencies that Mr. Brooks has held no positions with our Company since his removal on July 10, 2006. For more information, please refer to our press releases dated July 10, 2006 and July 13, 2006.

PRESS RELEASE

JULY 13, 2006

2009 Press Releases

01/14/10 — POINT BLANK SOLUTIONS TO SHOWCASE LATEST NIJ .06 BODY ARMOR AT SHOT SHOW 2010 COMPANY WILL DEMONSTRATE NEWEST “SPECIAL THREATS PROTECTION” CAPABILITIES WITH DUPONT™ KEVLAR® XP™ -

11/11/09 — POINT BLANK SOLUTIONS RECEIVES SIX NEW NIJ .06 CERTIFICATIONS - COMPANY RECEIVES THREE CERTIFICATIONS FOR FEMALE BALLISTIC ARMOR PACKAGES -

11/09/09 — POINT BLANK SOLUTIONS REPORTS 2009 THIRD QUARTER RESULTS

10/05/09 — POINT BLANK SOLUTIONS ANNOUNCES $2.4 MILLION GOVERNMENT CONTRACT

09/30/09 — POINT BLANK SOLUTIONS ANNOUNCES $38.5 MILLION CONTRACT WITH THE U.S. ARMY FOR THE IMPROVED OUTER TACTICAL VEST

09/14/09 — POINT BLANK SOLUTIONS APPOINTS JAMES R. HENDERSON CHIEF EXECUTIVE OFFICER

09/09/09 — POINT BLANK SOLUTIONS DEBUTS LATEST NIJ .06-CERTIFIED BODY ARMOR AT THE 2009 NTOA CONFERENCE. ENHANCED DRAGON FIRE™ AND FOUR STAR TACTICAL SYSTEMS WITH DUPONT™ KEVLAR® XP™ AMONG MISSION-CRITICAL SOLUTIONS TO BE SHOWCASED

08/31/09 — POINT BLANK SOLUTIONS ANNOUNCES $18.2 MILLION BODY ARMOR CONTRACT

08/13/09 — POINT BLANK SOLUTIONS AWARDED PRESTIGIOUS IMPROVED OUTER TACTICAL VEST (“IOTV”) CONTRACT FROM THE U.S. ARMY

08/10/09 — POINT BLANK SOLUTIONS REPORTS 2009 SECOND QUARTER RESULTS

07/28/09 — POINT BLANK SOLUTIONS COLLABORATES WITH DUPONT PROTECTION TECHNOLOGIES TO LAUNCH NEW NIJ .06 BODY ARMOR SOLUTIONS FEATURING DUPONT™ KEVLAR® XP ™

07/14/09 — POINT BLANK SOLUTIONS RECEIVES ‘NIJ .06 SEAL OF APPROVAL’ FOR ADVANCED BODY ARMOR SYSTEMS ENHANCED HI-LITE™ AND PERFORM-X SERIES AMONG SOLUTIONS CERTIFIED UNDER NEW RIGOROUS STANDARD

05/18/09 — POINT BLANK SOLUTIONS SETS DATE FOR 2009 FIRST QUARTER RESULTS AND CONFERENCE CALL

05/18/09 — POINT BLANK SOLUTIONS REPORTS 2009 FIRST QUARTER RESULTS

05/11/09 — POINT BLANK SOLUTIONS ANNOUNCES FILING OF FORM 12B-25

05/07/09 — POINT BLANK SOLUTIONS SETS DATE FOR 2009 FIRST QUARTER RESULTS AND CONFERENCE CALL

04/17/09 — POINT BLANK SOLUTIONS APPOINTS JAMES R. HENDERSON AS ACTING CHIEF EXECUTIVE OFFICER

03/16/09 — POINT BLANK SOLUTIONS REPORTS 2008 FOURTH QUARTER AND YEAR END RESULTS

03/10/09 — POINT BLANK SOLUTIONS SETS DATE FOR 2008 FOURTH QUARTER AND YEAR-END RESULTS AND CONFERENCE CALL

01/30/09 — POINT BLANK SOLUTIONS TO PRESENT AT COWEN AND COMPANY’S 30TH ANNUAL AEROSPACE AND DEFENSE CONFERENCE

01/21/09 — POINT BLANK SOLUTIONS SUBMITS NEW BID FOR IMPROVED OUTER TACTICAL VESTS IN RESPONSE TO U.S. ARMY’S REQUEST FOR MODIFICATION ON EXISTING SOLICITATIONS

01/09/09 — NEWEST BODY ARMOR SOLUTIONS FROM POINT BLANK TO BE SHOWCASED AT SHOT SHOW 2009

January 14, 2010

Point Blank Solutions to Showcase Latest NIJ .06 Body Armor at SHOT Show 2010
Company Will Demonstrate Newest “Special Threats Protection” Capabilities with DuPont™ Kevlar® XP™-

Pompano Beach, FL, January 14, 2010 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced that it will be exhibiting several of its new ballistic models certified under the latest NIJ Standard-0101.06 at the 2010 Shooting, Hunting, Outdoor Trade Show and Conference (SHOT Show). Considered the largest and most comprehensive event for professionals involved with the shooting sports and hunting industries, SHOT Show kicks off on January 19th and runs through the 22nd at the Sands Expo & Convention Center in Las Vegas, Nevada.
“SHOT Show is a great forum to showcase our new, NIJ .06 solutions and meet with many of our key customers and partners,” stated Mike Foreman, SVP of Sales and Marketing. “We are very excited about our 2010 line-up, which includes 15 newly certified ballistic models designed to provide officers with the greatest level of protection against increased threats. Working with partners such as DuPont Protection Technologies, we continue to develop and integrate the most innovative technologies, and remain committed to delivering solutions to our customers when they demand them. Already, we have a number of federal, state and local agencies adopting NIJ .06 systems with DuPont™ Kevlar® XP™ technology, and look forward to sharing our insights on user trends with attendees.”
The Company’s subsidiaries, Point Blank Body Armor and Protective Apparel Corporation of America (PACA), will display some of the most advanced lines of concealable and tactical body armor and accessory products, including newly enhanced packages for female officers. Among the products to be showcased are:

PBBA’s Vision®, a high-performance concealable body armor system designed to suit personal needs for thinness and flexibility, with the optimal combination of comfort and protection.

PACA’s Blue Steel™ concealable vest featuring the same advanced ballistic capabilities as Visionâ, coupled with a temperature-regulating carrier construction to keep officers exceptionally cool and dry.

PBBA’s Hi-Lite™ vest which offers the ultimate fusion of protection and comfort. This concealable carrier comes with a new design that provides greater range of motion, flexibility and adjustability.

PACA’s Perform-X concealable vest which provides optimum protective coverage with ergonomically-enhanced materials that keep the wearer cooler, dryer and more comfortable.

PBBA’s Dragon Fire™, a performance-driven, side-opening tactical armor system that combines ultimate coverage and maneuverability.

PACA’s Four Star tactical vest which provides maximum protective coverage, extreme versatility in fit and enhanced adjustability for greater mobility.

With more NIJ .06 certifications than any other body armor manufacturer in the industry, the Company will have on display, several new ballistic packages including Hi-Lite XP™ and Perform XP™, constructed of 100% DuPont™ Kevlar® XP™, a new patented woven fabric technology. These latest solutions with Kevlar® XP™ were specially developed to protect against growing threat levels and to deliver incredible bullet-stopping power under various extreme field conditions (heat, humidity, cold, and mechanical wear). DuPont independent lab tests have illustrated that Kevlar® XP™ consistently stops most bullets within the second or third layer of a ballistic panel. The remaining layers absorb the bullet’s energy and tests have shown that the fabric decreases back face signature (BFS) by 15% or more, thereby reducing potentially serious ballistic and trauma injuries. It is also up to 10% lighter than other commercially available technologies designed to defeat the most challenging NIJ Level IIIA ballistic threat -- the 44 Magnum. Other flagship products such as the Assault-One and SPIDER® vests, Rapid Response Plate Carrier, Multi-Component Plate Harness, Stretcher, as well as the Company’s exclusive ThorShield™ electroshock weapon protection technology will also be exhibited. Attendees are invited to view solutions and speak one-on-one with the PBBA and PACA team at booth #11163.

ABOUT POINT BLANK SOLUTIONS, INC.
Point Blank Solutions, Inc. is a leader in the design and production of technologically advanced body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company is also recognized as the largest producer of soft body armor in the U.S. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, Point Blank Solutions believes that it can deliver the most advanced body armor solutions, quicker and better than anyone in the industry. The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL, Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about Point Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.

SAFE HARBOR STATEMENT
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, WHICH ARE BASED LARGELY ON THE COMPANY'S EXPECTATIONS AND ARE SUBJECT TO VARIOUS BUSINESS RISKS AND UNCERTAINTIES, CERTAIN OF WHICH ARE BEYOND THE COMPANY'S CONTROL. WORDS SUCH AS "EXPECTS," "ANTICIPATES," "TARGETS," "GOALS," "PROJECTS," "INTENDS," "PLANS," "BELIEVES," "SEEKS," "ESTIMATES," VARIATIONS OF SUCH WORDS, AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY SUCH FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS THAT SPEAK AS OF THE DATE HEREOF AND ARE SUBJECT TO RISKS, UNCERTAINTIES AND ASSUMPTIONS THAT ARE DIFFICULT TO PREDICT. THEREFORE, ACTUAL RESULTS MAY DIFFER MATERIALLY AND ADVERSELY FROM THOSE EXPRESSED IN ANY FORWARD-LOOKING STATEMENTS. FACTORS THAT MIGHT CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, (1) CHANGES IN THE COMPANY'S INTERNAL CONTROL STRUCTURE OVER FINANCIAL REPORTING, (2) UNCERTAINTY OF FUTURE FINANCIAL RESULTS, (3) ADDITIONAL FINANCING REQUIREMENTS, (4) DEVELOPMENT OF NEW PRODUCTS, (5) GOVERNMENT APPROVAL AND CONTRACTING PROCESSES, (6) THE IMPACT OF COMPETITIVE PRODUCTS OR PRICING, (7) TECHNOLOGICAL CHANGES, (8) THE EFFECT OF POLITICAL AND ECONOMIC CONDITIONS, (9) THE OUTCOME AND IMPACT OF LITIGATION TO WHICH THE COMPANY IS A PARTY AND THE SECURITIES AND EXCHANGE COMMISSION AND OTHER INVESTIGATIONS REGARDING THE COMPANY, (10) TURNOVER IN THE COMPANY'S SENIOR MANAGEMENT AND (11) OTHER UNCERTAINTIES DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING, WITHOUT LIMITATION, THOSE UNCERTAINTIES AND RISKS DISCUSSED IN DETAIL IN "RISK FACTORS," IN THE COMPANY'S PERIODIC REPORTS ON FORMS 10-K AND 10-Q. THE COMPANY UNDERTAKES NO OBLIGATION TO REVISE OR UPDATE PUBLICLY ANY FORWARD-LOOKING STATEMENTS TO REFLECT ANY CHANGE IN THE EXPECTATIONS OF OUR MANAGEMENT WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS, OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED.
# # #

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

November 11, 2009

POINT BLANK SOLUTIONS RECEIVES SIX NEW NIJ .06 CERTIFICATIONS - COMPANY RECEIVES THREE CERTIFICATIONS FOR FEMALE BALLISTIC ARMOR PACKAGES -

Pompano Beach, FL, November 11, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced that six new ballistic models have been certified by the National Institute of Justice under the new NIJ Standard-0101.06, bringing the total number of certified packages to fifteen, the most in the soft body armor industry to date.

New certified packages include Level IIA and Level II certification for both male and female models, as well as Level IIIA certification for male only. These five lines will be marketed under the Company’s Vision® series from Point Blank Body Armor and Blue Steel™ series from Protective Apparel Corporation of America (PACA), the Company’s wholly-owned subsidiaries. Additionally, the Company received certification for its BIIA series, another model for female officers which will be marketed under the Hi-Lite™ and Perform-X brands for Point Blank Body Armor and PACA, respectively.

“With 15 models now certified and others awaiting approval, we can provide both existing and potential law enforcement customers with the options they need to protect against almost any threat level they are faced with. We continue to develop the most innovative ballistic technologies and believe our solutions, from both Point Blank and PACA, provide the law enforcement community with the safest protective wear in the industry at the most affordable price,” stated Mike Foreman, SVP of Sales and Marketing.

The NIJ .06 standard, which was released in July 2008, sets forth minimum performance requirements and test methods for the ballistic resistance of personal body armor, in an effort to produce the safest and most reliable protective equipment yet. This latest standard reviews NIJ body armor classifications, details requirements (i.e., acceptance criteria, workmanship, armor backing material, etc.) and addresses test methods including velocity measurement equipment, wet conditioning, and test preparation.

Foreman added, “We are proud to now have NIJ .06 certified ballistic packages that specifically meet the needs of the female officer. While our previous models were designed to adapt to different body sizes and weights, these new packages provide female officers with better form, fit and function. It is our intent to aggressively market all of our NIJ .06 models to build upon our heritage as a provider of life-saving ballistic technologies.”

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

November 09, 2009

POINT BLANK SOLUTIONS REPORTS 2009 THIRD QUARTER RESULTS

Pompano Beach, FL, November 09, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today its results of operations and financial position for the three and nine months ended September 30, 2009.

For the quarter ended September 30, 2009, consolidated net sales were $19.9 million, compared to consolidated net sales of $30.3 million for the quarter ended September 30, 2008.

Military and Federal Government sales were $1.4 million for the period ended September 30, 2009 compared to $9.6 million for the period ended September 30, 2008. International sales were $8.5 million for the period ended September 30, 2009 as compared to $10.0 million in the comparable period in 2008. These declines were primarily attributable to delays in the awarding of government and other International contracts.

Domestic/Distributor net sales for the three months ended September 30, 2009 were $8.4 million as compared to $9.4 million for the three months ended September 30, 2008, a decrease of 10.6%. This decline was due primarily to the market’s reaction to the change in NIJ standards for soft body armor and the continued impact the economic downturn has had on state budgets. However, sales increased 21.7% in the third quarter of 2009 as compared to $6.9 million reported for the three months ended June 30, 2009. New NIJ .06 standards have been adopted and the Company anticipates this will have a positive impact on Domestic/Distributor sales in future periods.

During the third quarter of 2009, the Company was awarded a $38.5 million contract to produce the New, Generation II Improved Outer Tactical Vests (“IOTV”) for the U.S. Army and an $18.2 million contract to supply ballistic components (Outer Tactical Vest Ballistic Conversion Kits) to meet an international requirement. In October 2009, the Company received an award in the amount of $2.4 million from the Defense Supply Center of Philadelphia (“DSCP”) to supply its Visionä concealable vest and plate carriers to support the U.S. Army’s Military Police. Production for each of these three new awards began in October 2009 and should be completed by January 2010. With these contracts and other smaller orders awarded to the Company, backlog as of November 6th, 2009, was $58.0 million.

Gross (deficit) profit for the quarter ended September 30, 2009 was approximately $(0.2) million or (0.1)% of net sales, as compared to approximately $3.4 million for the three months ended September 30, 2008 or 11.2% of net sales. The decrease in gross profit margin as a percentage of net sales is primarily due to insufficient sales volume to cover related manufacturing overhead costs and other variable expenses maintained in order to support future requirements and additional costs incurred from the winding down of certain manufacturing facilities. Additionally, during the period ended September 30, 2009, the Company had net inventory adjustments of $0.4 million related to excess and obsolete inventory and $0.3 million of expenses associated with new testing procedures.

The Company expects gross profit margins will improve in future periods given the anticipated increase in production, the reduction in its inventory position from previous periods, familiarity with new testing protocols and as a result of lean manufacturing. Additionally, the Company is aggressively focusing its sales efforts to increase its Commercial and International business, both of which carry higher gross margins than other business lines.

Total operating costs were $6.6 million or 33.2% of net sales for the three months ended September 30, 2009 versus $12.5 million or 41.3% of net sales for the quarter ended September 30, 2008. This decrease of $5.9 million or 47.2% is primarily due to a $3.2 million reduction in equity-based compensation expense, a $1.9 million reduction in litigation and costs of investigations expenses, and a $0.5 million decrease in selling and marketing expenses.

The Company reported an operating loss of $6.8 million for the quarter ended September 30, 2009, compared to an operating loss of $9.2 million for the quarter ended September 30, 2008. Net loss for the third quarter of 2009 was $3.8 million or a loss of $(0.08) per share versus a net loss of $5.8 million or a loss per share of $(0.12) for the comparable period of 2008.

James R. Henderson, CEO of Point Blank Solutions, Inc. commented, “We knew production volumes in the third quarter would be light given the delays in government contracting and as such, continued to take steps to lower our overhead and improve our manufacturing efficiencies. With almost $60 million of new contracts in place and other smaller domestic and international orders, we believe our fourth quarter will show substantial, top-line sequential improvement. Additionally, we expect our margins to increase sequentially and our overhead as a percentage of sales to decrease as a result of the restructuring efforts underway.”

“We entered the year with approximately $39 million of debt and exited the third quarter with a cash surplus of $900,000. Given the heavy production over the coming months, we signed a new agreement with our lender to support our near-term, working capital needs and intend to incur debt again as we ramp up production. Additionally, we’re still working to resolve the legacy issues which have impacted our financial performance, and are controlling costs associated with litigation where we can. While there are challenges ahead, I believe we remain on track to be cash flow positive by the end of the year,” Henderson added.

Nine Month Comparisons: For the nine months ended September 30, 2009, net sales were $129.5 million, compared to net sales of $91.3 million in the nine months ended September 30, 2008, an increase of 41.8%.

Military and Federal Government sales were $56.0 million for the nine months ended September 30, 2009 compared to $49.9 million for the comparable period in 2008, an increase of $6.1 million or 12.2%. International sales were $48.8 million for the nine month period of 2009 compared to $10.9 million in the comparable period of 2008, an increase of $37.9 million or 347.7%. The increase in Military, Federal Government and International sales was primarily related to the completion of two military contracts for IOTVs and OTVs and other international awards for IOTVs and ballistic components.

Domestic/Distributor sales were down $5.7 million or 21.6% in the comparable periods ended September 30, 2009 and September 30, 2008. This decrease was primarily due to the market anticipation and reaction to the changes in NIJ standards for soft body armor as well as continued weakness in the national economy. Additionally, shortages of a ballistic material required for one of the Company’s vest models delayed order fulfillment and reduced commercial sales in the first quarter of 2009.

Gross profit for the nine months ended September 30, 2009 was approximately $6.7 million or 5.2% of net sales, as compared to approximately $11.8 million or 12.9% of net sales for the comparable period in 2008. The decrease in the gross profit margin as a percentage of net sales is due primarily to restructuring charges of $0.7 million, inventory adjustments of $0.8 million related to excess and obsolete inventory, an expense of $1.2 million related to new testing procedures, the completion of lower margin contracts and the temporary slow-down in shipments caused by additional testing required by the U.S. Military. The Company expects gross profit margins will improve in future periods as a result of improvements in its manufacturing and supply chain operations.

Total operating costs were $22.3 million or 17.2% of net sales for the nine months ended September 30, 2009 versus $4.9 million or 5.4% of net sales for the nine months ended September 30, 2008. During the second quarter of 2008, the statute of limitations for the majority of the 2004 employment tax withholding obligations expired. Accordingly, the charge and related liability originally recorded during 2004, totaling $26.0 million, was reversed during the second quarter of 2008. In addition, operating costs for the nine months ended September 30, 2009, included $3.0 million in restructuring charges in an effort to reduce overhead on a go-forward basis. This increase was partially offset by lower equity-based compensation expenses, lower selling and marketing expenses and a $4.5 million decrease in litigation and cost of investigations expenses.

The Company reported an operating loss of $15.5 million for the nine months ended September 30, 2009, compared to operating income of $6.9 million for the comparable period in 2008. Net loss for the nine month period in 2009 was $8.1 million or a loss of $(0.17) per share versus net income of $3.9 million or earnings per share of $0.08 in the comparable nine month period last year.

Henderson concluded, “Consistent with my past remarks, we are putting in place the infrastructure to be profitable in 2010. As we improve our production capabilities and efficiencies, and lower our cost position, I believe we will be in a more favorable position to win contracts domestically and internationally, and generate incremental profits to the bottom-line. We’ve accomplished a great deal in 2009, despite the losses reported and I’m hopeful this will translate into higher shareholder value in the coming year.”

Conference Call Information:
The Company will be hosting a teleconference and webcast to discuss its 2009 third quarter financial results on Tuesday, November 10, 2009 at 11:00 a.m. Eastern Time. Parties can listen on the webcast on the Point Blank Solutions website at www.PointBlankSolutionsInc.com and by clicking on “Investor Relations” or participate on the teleconference by dialing 866-783-2146 (International: 857-350-1605) and entering the pass code: 81484226. Additionally, a replay of the webcast will be available on the Company’s website in the “Investor Relations” section or via teleconference within 24-hours after the completion of the call. The domestic replay number is 888-286-8010 (International: 617-801-6888), pass code: 52610679.

Click on the following links to preview PDF documents –

Earnings Release - Balance Sheet

Earnings Release - IncomeStatement

Earnings Release - CASHFLOW

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

October 05, 2009

POINT BLANK SOLUTIONS ANNOUNCES $2.4 MILLION GOVERNMENT CONTRACT

Pompano Beach, FL, October 05, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that its wholly owned subsidiary, Point Blank Body Armor, received an award in the amount of $2.4 million from the Defense Supply Center of Philadelphia (“DSCP”) to supply its Visionä concealable vest and plate carriers to support the U.S. Army’s Military Police. The Company will begin production in October 2009 and expects to complete the order by January 2010.

Jim Henderson, Chief Executive Officer and Chairman of the Board stated, “The Vision series is one of, if not the lightest, most flexible concealable vest in the market today and is designed to protect against numerous threat levels. It is the first body armor system that integrates hi-performance ballistic materials with an innovative carrier design. While this contract is smaller than other, recent awards, it is an especially significant win for Point Blank in that the Vision concealable vest will be worn by both commercial and federal law enforcement personnel and can be used to support the requirements of several other agencies. Our goal remains to develop new and innovative ballistic technologies that save lives.”

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

September30, 2009

POINT BLANK SOLUTIONS ANNOUNCES $38.5 MILLION CONTRACT WITH THE U.S. ARMY FOR THE IMPROVED OUTER TACTICAL VEST

Pompano Beach, FL, September 09, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that its wholly owned subsidiary, Point Blank Body Armor has been awarded a $38.5 million contract from the U.S. Army Research, Development and Engineering Command (“RDECOM”) Contracting Center to produce the New, Generation II Improved Outer Tactical Vests (“IOTVs”). Under the terms of the contract (Solicitation #: W91CRB-09-C-0124), the Company will begin production in October 2009 and expects to complete the order by January 2010.

“This latest award is another testament to the quality of our products and the Army’s trust in our combat-proven solutions,” stated Jim Henderson, Chief Executive Officer and Chairman of the Board. “We continue to work closely with the Armed Forces and our other domestic and international customers and partners, to develop the most innovative and safest ballistics in the industry, while lowering our cost position and improving our production capabilities. This was a competitive solicitation and I believe our efforts over the past year enabled us to put forth the best proposal, based on price, performance and quality.”

The Company further disclosed today that this contract award is not part of the IOTV Main Buy (Solicitation #: W91CRB-07-0079).

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

September14, 2009

POINT BLANK SOLUTIONS APPOINTS JAMES R. HENDERSON CHIEF EXECUTIVE OFFICER

Pompano Beach, FL, September 09, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today the appointment of James R. Henderson as Chief Executive Officer, effective immediately. Mr. Henderson had been serving as Acting CEO since April 2009, and has been serving as Chairman of the Board of Directors since August 2008.

“We have been working diligently to improve both our competitive and financial position this year and have accomplished a great deal. I am confident the team we have in place will help us further build our domestic and international market share, while generating increased value for all shareholders. I believe in Point Blank’s future and look forward to taking on this role as CEO,” stated Mr. Henderson.

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

September 09, 2009

ENHANCED DRAGON FIRE™ AND FOUR STAR TACTICAL SYSTEMS WITH DUPONT™ KEVLAR® XP™ AMONG MISSION-CRITICAL SOLUTIONS TO BE SHOWCASED

Pompano Beach, FL, September 09, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced that the Company’s subsidiaries, Point Blank Body Armor and Protective Apparel Corporation of America (PACA), will be demonstrating its new NIJ .06-certified ballistic systems at the 2009 National Tactical Officers Association (NTOA) Conference. Among the latest solutions to be showcased, are the improved Dragon Fire™ and Four Star tactical body armor with KXPIIIA ballistic package, which was developed in collaboration with DuPont Protection Technologies. These solutions will be on display at the Company’s booth (#601) in the exhibit hall from September 13-14 at the Tulsa Convention Center in Tulsa, Oklahoma.

Specially designed to address the strategic needs of officers’ most critical missions, Point Blank’s Dragon Fire™ and PACA’s Four Star, incorporate the new DuPont™ Kevlar® XP technology. The KXPIIIA ballistic model is not only rigorously tested against “Special Threats,” it also meets or exceeds Military V50 Specifications for Fragment Simulating Projectile (FSP) testing, and delivers unparalleled protection under the most extreme field conditions. Based on DuPont’s laboratory test results, most bullets can be stopped within the second or third layer of the ballistic panel, while remaining layers absorb the bullet’s energy -- decreasing back face signature (BFS) by 15% or more and as a result, reducing potentially serious ballistic and trauma injuries.

The Dragon Fire™ vest features several exclusive technologies such as the Self Suspending Ballistic System™ (SSBS), Rapid Release Break Away System and the Industry’s only Bicep and Side Closure Plate Pocket Design -- accommodating a variety of plates including the ultra lightweight, Special Threats Plate (STP). Its patented Kevlar® XP™ fabric is also up to 10% lighter than other commercially available technologies made to defeat the most challenging NIJ Level IIIA ballistic threat -- the 44 Magnum. This side-opening armor system combines essential coverage and maneuverability with its ergonomically designed Critical Contour Cut, while providing split-second adaptability when needed most.

Similarly, the newly designed Four Star vest provides maximum protective coverage, extreme versatility in fit and enhanced adjustability for greater mobility. The vest is ideal for tactical officers who need functional load-carrying capabilities with the versatility to adapt to any operation, and will hold up to the toughest demands while offering superior protection. A ballistic panel suspension system keeps protective panels in place and optimizes coverage area; a shoulder strapping system provides up to 5” of adjustability; a D-Ring quick release system on the shoulders and waist enables rapid doffing; and a MOLLE Compatible Webbing Attachment System allows for the configuration of multiple pouches.

In addition to Dragon Fire™ and Four Star with KXPIIIA, other tactical systems such as the SVIII, Multi-Component Plate Harness, SPIDER®, and Assault-One, along with the Company’s exclusive ThorShield™ electroshock weapon protection technology will be displayed. Attendees can meet with the Point Blank Body Armor and PACA team for one-on-one product demonstrations and discuss how the Company’s new ballistic models meet the industry’s toughest testing requirements yet.

“We continue to seek new technologies and deliver performance-driven solutions that offer the highest-level of protection and comfort,” said Michael Foreman, SVP of Sales and Marketing at Point Blank Solutions. “A number of factors go into producing lighter vests with improved ballistic strength that meet the new NIJ .06 standard. These include working strategically with our partners to develop more innovative solutions that push beyond what is expected. I believe our Dragon Fire™ and Four Star systems with KXPIIIA reflect this and look forward to discussing attributes with conference attendees.”

The 26th Annual Tactical Operations Conference and Vendor Show is organized by the National Tactical Officers Association (NTOA) and will bring together sworn officers from the entire law enforcement, corrections and military spectrum for real-world training and professional interaction. Whether they are SWAT teams, crisis negotiators, or TEMS and patrol personnel, the forum caters to attendees who are highly committed to keeping up with the latest “best practices” and equipment that will help make their communities safer.

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

August 31, 2009

POINT BLANK SOLUTIONS ANNOUNCES $18.2 MILLION BODY ARMOR CONTRACT

Pompano Beach, FL, August 31, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that its wholly owned subsidiary, Point Blank Body Armor, received an award in the amount of $18.2 million to supply ballistic components (Outer Tactical Vest Ballistic Conversion Kits) to meet an international requirement. The Company will begin production in October 2009 and expects to complete the order by January 2010.

Jim Henderson, Acting Chief Executive Officer and Chairman of the Board stated, “A key element of our strategy is to gain market share and diversify our sales mix. Our first half of the year results coupled with this latest award demonstrates that our strategy is working.”

Henderson continued, “Currently, there are several solicitations out for bid and others that we anticipate will arise over the coming months. While challenges remain, I believe Point Blank is heading in the right direction and has greatly enhanced its competitive position both domestically and internationally.”

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

August 13, 2009

POINT BLANK SOLUTIONS AWARDED PRESTIGIOUS IMPROVED OUTER TACTICAL VEST (“IOTV”) CONTRACT FROM THE U.S. ARMY

Pompano Beach, FL, August 13, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc. has been selected as a chosen supplier to produce the Improved Outer Tactical Vest for the US Army (“IOTV Main Buy” - Solicitation W91CRB-07-0079).

This five-year Indefinite Delivery/Indefinite Quantity contract from the US Army REDCOM Acquisition Center, calls for the production of up to 736,000 Improved Outer Tactical Vests and 253,000 Deltoid and Axillary Protection Systems (“DAPS”).

Jim Henderson, Acting CEO of Point Blank Solutions stated, “This is a major milestone for our Company as we believe we are one of only a few companies that can produce the IOTV and DAPS for the US Army over the next five years. We have been a chosen provider of the US Armed Forces for years and look forward to continuing to meet their requirements. While no additional awards have been made and competition continues to be fierce, we are confident that the steps we have and continue to take to improve our operations and manufacturing capabilities will position us as the best value, low cost provider in the industry.”

“The recognition and faith bestowed by the Army also reinforces our industry position as a leading, ballistics provider and should add incremental value for our Company and our shareholders,” Henderson concluded.

The Improved Outer Tactical Vest is one of the latest advancements in military gear designed to better provide body armor coverage on a soldier’s body. Like most gear, the IOTV is used to help protect soldiers in combat and also is designed for emergency removal. The IOTV offers an array of design improvements over its predecessor, the Outer Tactical Vest (“OTV”), including: increased coverage, lighter weight, a quick-release system and better fit and comfort to support combat missions, among others. The new, integrated side plate carriers decrease the vest’s profile, and a lower-back protector extends the vest’s coverage by 52-square inches. The IOTV also maintains weave slots, making most of the pouches from the OTV compatible with the new IOTV system. The vest comes in 11 different sizes and weighs three to six pounds less than the OTV.

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

August 10, 2009

POINT BLANK SOLUTIONS REPORTS 2009 SECOND QUARTER RESULTS

Pompano Beach, FL, August 10, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today its results of operations and financial position for the three and six months ended June 30, 2009.

For the quarter ended June 30, 2009, net sales were $54.7 million, compared to net sales of $11.1 million in the quarter ended June 30, 2008. Soft body armor product net sales increased to $53.5 million for the three months ended June 30, 2009 compared to $9.9 million for the comparable period in 2008.

Military and Federal Government sales were $17.1 million for the three months ended June 30, 2009 compared to $1.6 million for the three months ended June 30, 2008. International sales were $29.5 million for the period ended June 30, 2009 compared to $0.7 million in the comparable period in 2008. Increases in these segments were primarily due to higher sales to the U.S. Military and Federal Government for the production of Improved Outer Tactical Vests (“IOTVs”) and to international markets for Outer Tactical Vests (“OTVs”) and ballistic components. Offsetting this increase were lower Domestic/Distributor sales due to the market’s anticipation of the upcoming change in National Institute of Justice (“NIJ”) standards for soft body armor as well as the continued weakness in the national economy. New NIJ .06 standards have since been adopted and the Company anticipates this will have a positive impact on Domestic/Distributor sales in future periods.

Gross profit for the second quarter of 2009 was approximately $4.4 million or 8.0% of net sales, as compared to approximately $(0.3) million or (2.7)% of net sales for the three months ended June 30, 2008. The increase in gross profit margin as a percentage of net sales is due primarily to the positive impact of recent enhancements in the Company’s production facilities with the implementation of lean manufacturing. Additionally, the increase was due to the 2008 gross profit being impacted by lower sales volume as a result of delays in contract awards, constraints on price increases due to the competitive market and higher raw material costs.

The increase in gross profit for the second quarter of 2009 as compared with the second quarter of 2008 was partially offset by restructuring charges of $0.4 million related to the net present value of minimum lease payments related to the closure of the Company’s Deerfield Beach facility, inventory adjustments totaling $1.6 million, partially offset by $1.0 million recovered by the sale of excess and obsolete inventory, and an expense of $0.9 million due to materials not meeting rigorous testing procedures.

Total operating costs were $9.1 million or 16.6% of net sales for the three months ended June 30, 2009 versus $(17.9) million or (161.3)% of net sales for the quarter ended June 30, 2008. During the second quarter of 2008, the statute of limitations for the majority of the 2004 employment tax withholding obligations expired. Accordingly, the charge and related liability originally recorded during 2004, totaling $26.1 million, was reversed during the second quarter of 2008. In addition, increased costs during the quarter ended June 30, 2009 were due to higher general and administrative expenses which included $2.9 million in restructuring charges in an effort to reduce overhead on a go-forward basis, which was related to severance paid to former employees. This increase was partially offset by decreases in equity-based compensation, general and administrative expenses and lower litigation and cost of investigations expenses.

The Company reported an operating loss of $4.7 million for the quarter ended June 30, 2009, compared to operating income of $17.7 million for the quarter ended June 30, 2008. Net loss for the second quarter of 2009 was $1.8 million or a loss of $(0.03) per share versus net income of $10.6 million or earnings of $0.21 per share for the comparable period of 2008.

James R. Henderson, Acting CEO of Point Blank Solutions, Inc. commented, “During the past several months, we have worked aggressively to lower our cost structure, become more efficient and improve our competitive position. Enhancements in manufacturing and our supply chain are beginning to have a positive impact on margins and should continue to add value. Our core overhead, excluding the restructuring charges was down comparably while we produced significantly more products, on approximately $44 million higher sales. And we’ve been able to improve our liquidity position compared to the first quarter.”

“Recent NIJ .06 certifications should contribute to a pick-up in commercial orders and we continue to fulfill other international and third-party contracts. However, we are anticipating a slow-down in third quarter production volumes, given continued delays in government contracting. We have taken steps to right size the organization to meet demand, while preserving our capital until existing solicitations are awarded and new orders are generated. This Board and management team, remain highly focused on bringing this Company back to profitability and enhancing value for all shareholders,” Henderson continued.

Six Month Comparisons: For the six months ended June 30, 2009, net sales were $109.6 million, compared to net sales of $61.0 million in the six months ended June 30, 2008, an increase of 79.7%. Soft body armor product net sales increased to $107.3 million for the six months ended June 30, 2009 compared to $58.3 million for the comparable period of 2008.

Military and Federal Government sales were $54.7 million for the six months ended June 30, 2009 compared to $40.3 million for the comparable period in 2008, an increase of 35.7%. International sales were $40.3 million for the six month period of 2009 compared to $1.0 million in the comparable period of 2008. The increase was primarily due to the completion of two military contracts for OTVs and IOTVs and other international sales orders. Offsetting the increase in net sales, were lower Domestic/Distributor sales, down approximately 28.1%, due to the market’s anticipation of the upcoming change in National Institute of Justice (“NIJ”) standards for soft body armor as well as continued weakness in the national economy. Shortages of a ballistic material required for one of our vest models also delayed order fulfillment, reducing commercial sales in the first quarter of 2009.

Gross profit for the six months ended June 30, 2009 was approximately $6.9 million or 6.3% of net sales, as compared to approximately $8.5 million or 13.9% of net sales for the comparable period in 2008. The decline in the gross profit margin as a percentage of net sales is due primarily to restructuring charges of $0.7 million, inventory adjustments of $1.6 million, partially offset by $1.3 million recovered on the sale of excess and obsolete inventory, an expense of $0.9 million related to materials not meeting rigorous testing procedures, the completion of lower margin contracts, and the temporary slow-down in shipments caused by additional testing required by the U.S. Military.

Total operating costs were $15.6 million or 14.2% of net sales for the six months ended June 30, 2009 versus $(7.6) million or (12.5)% of net sales for the six months ended June 30, 2008. During the second quarter of 2008, the statute of limitations for the majority of the 2004 employment tax withholding obligations expired. Accordingly, the charge and related liability originally recorded during 2004, totaling $26.1 million, was reversed during the second quarter of 2008. In addition, increased costs during 2009 were due to higher general and administrative expenses, which included $3.0 million in restructuring charges in an effort to reduce overhead on a go-forward basis, of which $2.9 million was related to severance paid to former employees. This increase was partially offset by decreases in equity-based compensation, general and administrative expenses, salaries and other reductions mainly related to non-recurring professional fees which have been substantially reduced from the comparable prior period and lower litigation and cost of investigations expenses.

The Company reported an operating loss of $8.7 million for the six months ended June 30, 2009, compared to operating income of $16.1 million for the comparable period in 2008. Net loss for the six month period in 2009 was $4.3 million or a loss of $(0.08) per share versus net income of $9.6 million or earnings of $0.19 per share in the comparable period last year.

Conference Call Information: The Company will be hosting a teleconference and webcast to discuss its 2009 second quarter financial results on Tuesday, August 11, 2009 at 2:00 p.m. Eastern Time. Parties can listen on the webcast on the Point Blank Solutions website at www.PointBlankSolutionsInc.com and by clicking on “Investor Relations” or participate on the teleconference by dialing 866-202-1971 (International: 617-213-8842) and entering the pass code: 55782267. Additionally, a replay of the webcast will be available on the Company’s website in the “Investor Relations” section or via teleconference within 24-hours after the completion of the call. The domestic replay number is 888-286-8010 (International: 617-801-6888), pass code: 44899922.

Click on the following links to preview PDF documents –

CONDENSED CONSOLIDATED BALANCE SHEETS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

ADJUSTED EBITDA FOR THE THREE MONTHS ENDED JUNE 30

Company Contact:
Michelle Doery, CPA
Chief Financial Officer
Tel: 954-630-0900

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

July 28, 2009

POINT BLANK SOLUTIONS COLLABORATES WITH DUPONT PROTECTION TECHNOLOGIES TO LAUNCH NEW NIJ .06 BODY ARMOR SOLUTIONS FEATURING DUPONT™ KEVLAR® XP ™

Pompano Beach, FL, July 28, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced a new line of high-performance ballistic armor systems, utilizing 100% DuPont™ Kevlar® XP™, a new patented woven fabric technology.

The National Institute of Justice (NIJ) has awarded Level IIIA certification for the Company’s KXPIIIA ballistic model which is available in both Point Blank Body Armor’s Hi-Lite XP™ and Protective Apparel Corporation of America’s (PACA) Perform XP™ models. These protective solutions are constructed of 100% Kevlar® XP™ and meet the most demanding requirements of global body armor standards while offering virtually the lightest weight protection available to law enforcement officers today.

Hi-Lite XP™ and Perform XP™ were developed in collaboration with DuPont Protection Technologies to protect against increased threat levels faced by officers and to deliver incredible bullet-stopping power under a variety of extreme field conditions (heat, humidity, cold, and mechanical wear). According to independent laboratory tests conducted by DuPont, Kevlar® XP™ consistently stops most bullets within the second or third layer of a ballistic panel. The remaining layers absorb the energy of the bullet and tests have shown that Kevlar® XP™ decreases back face signature (BFS) by 15% or more, thereby reducing potentially serious ballistic and trauma injuries. It is also up to 10% lighter than other commercially available technologies designed to defeat the most challenging NIJ Level IIIA ballistic threat -- the 44 Magnum.

These two body armor systems have more than satisfied NIJ’s .06 rigorous testing requirements for certification which for one, mandate increased test muzzle velocities for handgun caliber ammunition. Both systems are also engineered to protect against "special threats" ammunition including 9mm SXT 127 grain and FN 5.7x28, among others. Additionally, they successfully passed shot pattern and frequency requirements which have changed to include closer groupings (three shots in a four inch circle); impacts closer to the edge of the armor (two inches rather than three inches away); and 144 shots to be fired versus .04’s 48 shots.

“We continue to collaborate closely with partners and suppliers such as DuPont to integrate the most up-to-date, state-of-the-art materials and technologies into our ballistic systems,” stated Michael Foreman, SVP of Domestic and International Sales. “With new products coming to market, distributors and law enforcement agencies will receive the latest advancements from both Point Blank Body Armor and PACA. I look forward to growing our partnership with DuPont Protection Technologies, bringing together the strengths of two industry leaders.”

Providing the ultimate fusion of protection and comfort, Hi-Lite XP™ and Perform XP™ will be offered with new ergonomically enhanced carriers which provide greater range of motion, flexibility and adjustability. Point Blank’s ballistic engineers and garment design team have seamlessly integrated vital protective features such as the Company’s patented Self Suspending Ballistic System™ (SSBS) with several adaptive comfort features, designed to ensure comprehensive coverage that naturally flexes to the contours of the body for exceptional maneuverability.

“We have enjoyed a strong working relationship with Point Blank for years, partnering with them to develop the most advanced ballistic technologies for the U.S. Armed Forces, law enforcement community and various government agencies. This latest alliance is another significant opportunity to fulfill market requirements and continue to advance industry solutions,” said Dale Outhous, Global Marketing Leader, DuPont Protection Technologies.

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

July 14, 2009

POINT BLANK SOLUTIONS RECEIVES ‘NIJ .06 SEAL OF APPROVAL’ FOR ADVANCED BODY ARMOR SYSTEMS ENHANCED HI-LITE™ AND PERFORM-X SERIES AMONG SOLUTIONS CERTIFIED UNDER NEW RIGOROUS STANDARD

Pompano Beach, FL, July 14, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced that three of the Company’s flagship ballistic armor systems have been certified as meeting new rigorous performance standards set forth by the National Institute of Justice (NIJ).

The NIJ has granted Levels IIA and II certification, respectively, to Point Blank’s BIIA and BII ballistic models, which will be available under the Hi-Lite™ Series from Point Blank Body Armor and Perform-X Series from Protective Apparel Corporation of America (PACA), the Company’s wholly-owned subsidiaries. Additionally, the NIJ has granted Level IIIA certification to the Company’s KXPIIIA ballistic package, to be sold under the Hi-Lite XP™ and Perform XP™ brands accordingly. These systems combine the latest state-of-the-art technologies and cutting-edge materials which meet the most demanding requirements for high-performance and protection, while satisfying critical comfort needs with ultra-flexible and light-weight designs.

Marking one of the most significant updates to ballistic protection requirements in years, the new NIJ Standard-0101.06 (released in July 2008) establishes tougher performance mandates and test methods for the ballistic resistance of personal body armor, with the goal of improving and ensuring that the highest possible life-protecting capabilities are provided. It reviews NIJ body armor classifications, details requirements (i.e., acceptance criteria, workmanship, armor backing material, etc.), and addresses test methods including velocity measurement equipment, wet conditioning, test preparation, etc.

Point Blank’s newly approved models underwent complex testing procedures which included testing with ammunition calibers at higher velocities and increased frequencies (NIJ 06 requires 144 shots to be fired versus 04's 48 shots) than previously required. Another significant performance requirement concerned energy/trauma transfer, also called ‘backface’ measurement. The requirements of backface are no more than 44mm in indentation. Models also had to withstand an artificial aging process involving exposure to high temperatures and humidity. This indicates the armor's ability to maintain ballistic integrity after exposure to extreme field conditions such as heat moisture and mechanical wear.

“We’re pleased to have a piece of the certification process behind us and now look forward to getting our leading-edge solutions to the law enforcement men and women who rely on Point Blank for life-saving protection,” stated Michael Foreman, SVP of Domestic and International Sales. “Receiving NIJ .06 approval underscores our dedication to developing, testing and delivering the kind of technologically-advanced body armor systems that ensure officer safety is never compromised. These new certified products will headline our commercial offering, with others slated for introduction later this year pending NIJ .06 approval.”

Media Contact:
Glenn Wiener or Dionne Manchester
Tel: 212-786-6013 / 212-786-6068
Email: gwiener@GWCco.com Email: Dionne@GWCco.com

May 18, 2009

POINT BLANK SOLUTIONS SETS DATE FOR 2009 FIRST QUARTER RESULTS
AND CONFERENCE CALL

Pompano Beach, FL, May 18, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK),
a leader in the field of protective body armor, announced today that it intends to file its Form
10-Q for the period ended March 31, 2009 on Monday, May 18, 2009, after market close. The Company also disclosed that it will be hosting a teleconference and webcast to discuss its financial results on Tuesday, May 19, 2009 at 11:00 a.m. EDT.

Parties can listen to the webcast on the Point Blank Solutions website at http://www.pointblanksolutionsinc.com and by clicking on “Investor Relations” or by dialing:

Domestic Call-in Number: 866-543-6403
International Call-in Number: 617-213-8896
Participant Pass Code: 21465437

For those who will be unable to participate in the live presentation, a replay of the webcast will be available on the Company’s website under “Audio Archives” in the “Investor Relations” section. The replay will also be available via teleconference within twenty-four hours after completion of the call.

Replay Number: 888-286-8010
International Replay Number: 617-801-6888
Access Code: 75227561

May 18, 2009

POINT BLANK SOLUTIONS REPORTS 2009 FIRST QUARTER RESULTS

Pompano Beach, Florida, May 18, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today its results of operations and financial position as of and for the three months ended March 31, 2009.

For the quarter ended March 31, 2009, net sales were $54.9 million, compared to net sales of $49.9 million in the quarter ended March 31, 2008, an increase of 10.0%. Soft body armor product net sales increased from $48.5 million for the three months ended March 31, 2008 to $53.9 million for the comparable period in 2009, an increase of 11.1%. This increase is primarily related to higher sales to international markets, as sales to this segment were up $10.5 million over the first quarter last year and due to continued production on contract awards for Outer Tactical Vests (“OTVs”) and Improved Outer Tactical Vests (“IOTVs”). Offsetting this increase were lower Domestic/Distributor sales due to the market’s anticipation of the upcoming change in National Institute of Justice (“NIJ”) standards for soft body armor as well as the economic downturn in the national economy, which continued to have a direct impact on state and local governments’ spending.

Gross profit for the first quarter of 2009 was approximately $2.5 million or 4.6% of net sales, as compared to approximately $8.7 million or 17.5% of net sales for the three months ended March 31, 2008. The decline in gross profit margin as a percentage of net sales is due primarily to the completion of contracts that were subject to competitive pricing pressures which led to lower gross profit margins as well as a temporary slow-down in shipments caused by additional testing required by the U.S. military during the first quarter of 2009.

Total operating costs were $6.6 million or 12.0% of net sales for the three months ended March 31, 2009 versus $10.3 million or 20.7% of net sales for the quarter ended March 31, 2008. The decline in operating expenses, both on a dollar basis and as a percentage of sales is a direct result of cost reduction plans undertaken in 2008 and continuing in 2009. Selling, general and administrative expenses for the three months ended March 31, 2009 were $5.8 million as compared to $8.4 million for the three months ended March 31, 2008, a decrease of approximately $2.6 million or 31.0%. Additionally, litigation and cost of investigation expenses were approximately $0.8 million as compared to $1.9 million in the three months ended March 31, 2009 and 2008, respectively. Equity-based compensation for the three months ended March 31, 2009 was $0.1 million as compared to approximately $1.0 million in the similar period in 2008.

The Company reported an operating loss of $4.1 million in the quarter ended March 31, 2009, compared to an operating loss of $1.6 million for the quarter ended March 31, 2008. Net loss for the first quarter of 2009 was $2.5 million ($0.05 per share) versus a net loss of $1.0 million ($0.02 per share) in the comparable period last year.

James R. Henderson, Acting CEO of Point Blank Solutions, Inc. commented, “First quarter results continued to be impacted by the product mix and we expect this to continue into the second quarter as we complete production on the IOTV, best-price contract. We’re working quickly to streamline our cost structure, implement lean manufacturing throughout our production facilities and become more efficient in what we do. There are a number of large body armor awards anticipated in the second half of the year and we’re positioned as well as anyone in the industry, but we have to manage our business in the event there are downturns within any market segment, and further diversify our sales.”
Henderson continued, “The Board and management have a shared goal and that is to get this Company profitable and generate higher returns for shareholders. Market dynamics have changed and there is a lot of work ahead, but I continue to see great value in Point Blank.”

Conference Call Information
The Company will be hosting a teleconference and webcast to discuss its 2009 first quarter financial results on Tuesday, May 19, 2009 at 11:00 a.m. Eastern Time. Parties can listen on the webcast on the Point Blank Solutions website at www.PointBlankSolutionsInc.com and by clicking on “Investor Relations” or participate on the teleconference by dialing 866-543-6403 (International: 617-213-8896) and entering the pass code: 21465437. Additionally, a replay of the webcast will be available on the Company’s website in the “Investor Relations” section or via teleconference within 24-hours after the completion of the call. The domestic replay number is 888-286-8010 (International: 617-801-6888), pass code: 75227561.

NON-GAAP FINANCIAL DISCLOSURE
This press release contains information regarding Adjusted EBITDA. Adjusted EBITDA is computed as net income, plus the sum of interest expense, depreciation and amortization, income taxes, equity based compensation, litigation and cost of investigations and employment tax withholding charge (credit). This measure is a non-GAAP financial measure, defined as numerical measures of financial performance that exclude or include amounts so as to be different than the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles, or GAAP, in our statements of operations, balance sheets or statements of cash flows. Pursuant to the requirements of Regulation G, we have provided a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure.

Although Adjusted EBITDA represents a non-GAAP financial measure, we consider this measure to be a key operating metric of our business. We use this measure in our planning and budgeting processes and to monitor and evaluate our financial and operating results. We also believe that Adjusted EBITDA is useful to investors because it provides an analysis of financial and operating results using the same measures that we use in evaluating the Company. We expect that such measure provides investors and other stakeholders with the means to evaluate our financial and operating results against other companies within our industry. Our calculation of Adjusted EBITDA may not be consistent with the calculation of this measure by other companies in our industry. Adjusted EBITDA is not a measurement of financial performance under GAAP and should not be considered as an alternative to net earnings (loss) as an indicator of our operating performance or cash flows from operating activities, as a measure of liquidity or any other measure of performance derived in accordance with GAAP.

SAFE HARBOR STATEMENT

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, WHICH ARE BASED LARGELY ON THE COMPANY'S EXPECTATIONS AND ARE SUBJECT TO VARIOUS BUSINESS RISKS AND UNCERTAINTIES, CERTAIN OF WHICH ARE BEYOND THE COMPANY'S CONTROL. WORDS SUCH AS "EXPECTS," "ANTICIPATES," "TARGETS," "GOALS," "PROJECTS," "INTENDS," "PLANS," "BELIEVES," "SEEKS," "ESTIMATES," VARIATIONS OF SUCH WORDS, AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY SUCH FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS THAT SPEAK AS OF THE DATE HEREOF AND ARE SUBJECT TO RISKS, UNCERTAINTIES AND ASSUMPTIONS THAT ARE DIFFICULT TO PREDICT. THEREFORE, ACTUAL RESULTS MAY DIFFER MATERIALLY AND ADVERSELY FROM THOSE EXPRESSED IN ANY FORWARD-LOOKING STATEMENTS. FACTORS THAT MIGHT CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, (1) CHANGES IN THE COMPANY'S INTERNAL CONTROL STRUCTURE OVER FINANCIAL REPORTING, (2) UNCERTAINTY OF FUTURE FINANCIAL RESULTS, (3) ADDITIONAL FINANCING REQUIREMENTS, (4) DEVELOPMENT OF NEW PRODUCTS, (5) GOVERNMENT APPROVAL AND CONTRACTING PROCESSES, (6) THE IMPACT OF COMPETITIVE PRODUCTS OR PRICING, (7) TECHNOLOGICAL CHANGES, (8) THE EFFECT OF POLITICAL AND ECONOMIC CONDITIONS, (9) THE OUTCOME AND IMPACT OF LITIGATION TO WHICH THE COMPANY IS A PARTY AND THE SECURITIES AND EXCHANGE COMMISSION AND OTHER INVESTIGATIONS REGARDING THE COMPANY, (10) TURNOVER IN THE COMPANY'S SENIOR MANAGEMENT AND (11) OTHER UNCERTAINTIES DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING, WITHOUT LIMITATION, THOSE UNCERTAINTIES AND RISKS DISCUSSED IN DETAIL IN "RISK FACTORS," IN THE COMPANY'S PERIODIC REPORTS ON FORMS 10-K AND 10-Q. THE COMPANY UNDERTAKES NO OBLIGATION TO REVISE OR UPDATE PUBLICLY ANY FORWARD-LOOKING STATEMENTS TO REFLECT ANY CHANGE IN THE EXPECTATIONS OF OUR MANAGEMENT WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS, OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED.

Tables Attached–

Press release clip

May 11, 2009

POINT BLANK SOLUTIONS ANNOUNCES FILING OF FORM 12B-25

Pompano Beach, FL, May 11, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that it has postponed its 2009 first quarter earnings release and filed a Form 12b-25 (Notification of Late Filings) with the Securities and Exchange Commission (“SEC”) with respect to its Quarterly Report on Form 10-Q for the quarter ended March 31, 2009.
The Company is unable to file its Quarterly Report on Form 10-Q within the prescribed time period because all procedures necessary to finalize its financial statements and related disclosures to be included in the Form 10-Q could not be completed within the prescribed time period without unreasonable effort or expense. As part of that process, certain information considered to be needed from the Company’s lender to complete the financial statements could not be secured within the prescribed time period. The delay in filing this Form 10-Q is not due to any change in or disagreement with the Company’s independent registered public accounting firm. The Company expects to file the Form 10-Q within the prescribed time period afforded by the extension.

May 7, 2009

POINT BLANK SOLUTIONS SETS DATE FOR 2009 FIRST QUARTER RESULTS
AND CONFERENCE CALL

Pompano Beach, FL, May 7, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that it intends to file its Form 10-Q for the period ended March 31, 2009 on Monday, May 11, 2009, after market close. The Company also disclosed that it will be hosting a teleconference and webcast to discuss its financial results on Wednesday, May 13, 2009 at 11:00 a.m. EST.

Parties can listen to the webcast on the Point Blank Solutions website at http://www.pointblanksolutionsinc.com and by clicking on “Investor Relations” or by dialing:

Domestic Call-in Number: 800-638-5439
International Call-in Number: 617-614-3945
Participant Pass Code: 48066740

Replay Number: 888-286-8010
International Replay Number: 617-801-6888
Access Code: 74616890

April 17, 2009

POINT BLANK SOLUTIONS APPOINTS JAMES R. HENDERSON
AS ACTING CHIEF EXECUTIVE OFFICER

Pompano Beach, Florida, April 17, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced that its Board of Directors voted to remove Larry R. Ellis as President and Chief Executive Officer, effective as of April 16, 2009. The Company also announced that James R. Henderson, Chairman of its Board of Directors, has been asked by the Board to assume the role of Acting Chief Executive Officer until a replacement is found.

“General Ellis and his team helped Point Blank rectify many of the legacy issues the Company has faced while building a strong platform for growth. The Board’s actions are in no way a reflection of General Ellis’ past leadership, but rather a desire to move in a different direction at this time.”

“Point Blank has some of the industry’s most talented people and produces quality, life-saving products for the most important customers in the world. I look forward to taking on the role of CEO and will do everything in my power to help improve our market position, productivity, and our financial performance. Most important, management and the Board will continue to focus on generating higher returns for all shareholders and will pursue all avenues that will help us achieve this shared goal,” Henderson continued.

Mr. Henderson was elected to the Board of Directors at the Company’s 2008 Annual Meeting of Stockholders held on August 19, 2008 and elected to serve as Chairman of the Board on August 28, 2008. He has more than 27 years of experience as an operating executive with various companies, including defense companies such as ECC International Corp., Aydin Corp. and with the defense and military division of UNISYS Corp. He also serves as Chairman of the Board of GenCorp Inc., a technology-based manufacturing company in the fields of aerospace and defense, and has served and currently serves as a Director for other public and private companies.

ABOUT POINT BLANK SOLUTIONS, INC.
Point Blank Solutions, Inc. is a leader in the design and production of technologically advanced body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company is also recognized as the largest producer of soft body armor in the U.S. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, Point Blank Solutions believes that it can deliver the most advanced body armor solutions, quicker and better than anyone in the industry.
The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL, Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about Point Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.

March 16, 2009

POINT BLANK SOLUTIONS REPORTS
2008 FOURTH QUARTER AND YEAR END RESULTS

Pompano Beach, Florida, March 16, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today its results of operations and financial position as of and for the three months and year ended December 31, 2008.

For the quarter ended December 31, 2008, net sales were $73.6 million, compared to net sales of $63.3 in the quarter ended December 31, 2007, an increase of 16.2%. This increase is primarily related to higher sales to international markets, as sales to this segment were up $13.9 million over the fourth quarter last year. Additionally, sales to the U.S. Military and Federal Government were up 2.0% compared to the 2007 fourth quarter and 446.0% sequentially as production for the Improved Outer Tactical Vests (“IOTVs”) and OTV Ballistics and Components resumed. Offsetting this increase were lower sales to the Company’s Domestic/Distributor market. Sales to this segment were $5.9 million in the 2008 fourth quarter compared to $10.1 million in the comparable period last year, primarily as a result of lower statewide spending and the delayed transition to new National Institute of Justice (“NIJ”) standards.

Gross profit for the 2008 fourth quarter was ($6.0) million, or (8.1)% of net sales, as compared to $14.6 million or 23.0% of net sales for the comparable 2007 period. The decline in gross profit margin as a percentage of net sales is due to lower than planned volume as a result of production delays, constraints on price increases due to the competitive market and higher raw material costs. During the fourth quarter of 2008, the Company recorded an inventory impairment charge of $8.2 million for materials that the Company’s internal quality control process determined was not suitable for its intended use in the ordinary course of business. Excluding the impact of this charge, gross profit for the fourth quarter was $2.2 million or approximately 3.0% of net sales.

Total operating costs were $8.6 million or 11.7% of net sales for the three months ended December 31, 2008 as compared to $14.2 million or 22.4% of net sales for the comparable 2007 period. This decline in operating expenses, both on a dollar basis and as a percentage of sales is a result of cost reduction and efficiency initiatives put in place during the second half of 2008. As a result, selling, general and administrative expenses in the 2008 fourth quarter were $7.6 million as compared to $11.9 million in the comparable year-ago period, a decline of 36.1%. This was directly attributable to lower legal and professional fees in the current year quarter and lower salaries due to reductions in incentive compensation and personnel. Additionally, litigation and cost of investigation expenses were approximately $1.0 million in the 2008 fourth quarter as compared to $2.3 million in the period ended December 31, 2007.

The Company reported an operating loss of $14.6 million in the quarter ended December 31, 2008, compared to operating income of $0.4 million in the quarter ended December 31, 2007. The net loss for the 2008 fourth quarter was $9.3 million ($0.19 per share) versus a net loss of $0.2 million ($0.00 per share) in the comparable period last year.

As of December 31, 2008, the Company’s backlog stood at approximately $94 million. These contracts are all firm, fixed price contracts with the U.S. military and other customers. The Company anticipates it will complete production on these contracts and recognize sales in both the 2009 first and second quarters.

Larry Ellis, President and CEO of Point Blank Solutions, Inc. commented, “The fourth quarter was our largest sales period of the year, though it did not compensate for the lower production volumes in prior quarters as a result of contract delays. Today, we have significant backlog in place and a number of large solicitations that should be awarded in the second and third quarters. I believe we are well positioned to capture a large percentage of future awards among all of our customer segments.”

Ellis continued, “Cost reduction programs began in the second half of last year and are progressing according to plan. Our overhead is down and we continue to take out costs in our effort to operate more efficiently. We fully expect to see a rise in our gross margins given the contract mix moving forward and with the expected contributions from LifeStone Materials. We are also working very closely with our key suppliers to improve our competitive and financial position.”

For the twelve month periods ended December 31, 2008 and 2007, respectively:

Net sales were $164.9 million compared to net sales of $320.8 million in 2007. This decline was primarily related to lower sales to the U.S. Military and Federal Government due to numerous contract award delays, as well as lower sales to the Domestic/Distributor market as a result of deteriorating economic conditions and the impact to statewide budgets, and the delayed transition to new NIJ standards. This decline was partially offset by higher sales to the international markets, resulting in 2008 net sales of $25.0 million as compared to $0.7 million in the comparable prior year.
Gross profit was $5.8 million or 3.5% of net sales, compared to $61.5 million or 19.2% of net sales in 2007. Gross profit margin in 2008 was impacted by numerous delays in contract awards, constraints on price increases due to the competitive market, higher raw material costs and under-absorbed overhead costs. Additionally, included in our 2008 gross profit was an $8.2 million inventory impairment charge. Cost of goods sold and gross profit reported in 2007 were also positively impacted by an adjustment to reduce our vest replacement program obligation, resulting in an adjustment of $3.5 million, or a $3.5 million reduction of cost of sales.
Total operating costs were $13.5 million or 8.2% of net sales versus $49.8 million or 15.5% of net sales in 2007. The decrease of $36.3 million was related to several factors:

General and administrative expenses in 2008 were $4.5 million lower than 2007, primarily as a result of lower legal and professional fees. Additionally, there was a decrease in salaries of $2.5 million in 2008 compared to 2007 principally due to reductions in incentive compensation and personnel and litigation and cost of investigations were down $2.4 million year over year.
During 2008, the statute of limitations for the major portion of the 2004 employment tax withholding obligations expired and the charge and related liability originally recorded during 2004, totaling $26.0 million, was reversed during the second quarter of 2008. Operating costs for the year ended December 31, 2007 include a credit to earnings of approximately $0.7 million for the employment tax withholding obligation related to that period.
The decrease in 2008 operating costs was partially offset by an increase in equity-based compensation of $2.9 million due to a change in the majority of the Board of Directors.

Operating loss was $7.7 million in 2008 as compared to operating income of $11.7 million in 2007.
Net loss was $5.4 million or a loss of $0.11 per basic and diluted share versus net income of $6.2 million or earnings per share of $0.12, both basic and diluted in 2007.

Larry Ellis continued, “The demand for body armor over the next two years will be significant; we intend to retain and grow our market leadership position, with a better cost basis. We have a number of new products on the horizon for the Domestic and International markets and continue to look at areas along the value chain to enhance profitability and generate higher returns for our shareholders. Despite our 2008 performance and the obstacles we faced, I believe we are on the right track to post higher sales and profits in the coming year.”

Conference Call Information

The Company will be hosting a teleconference and webcast to discuss its 2008 fourth quarter and year end financial results on Tuesday, March 17, 2009 at 11:00 a.m. Eastern Time. Parties can listen on the webcast on the Point Blank Solutions website at http://www.pointblanksolutionsinc.com and by clicking on “Investor Relations” or participate on the teleconference by dialing 866-730-5765 (International: 857-350-1589) and entering the pass code: 87574536. Additionally, a replay of the webcast will be available on the Company’s website in the “Investor Relations” section or via teleconference within 24-hours after the completion of the call. The domestic replay number is 888-286-8010 (International: 617-801-6888), pass code: 67225016.

ABOUT POINT BLANK SOLUTIONS, INC.

Point Blank Solutions, Inc. is a leader in the design and production of technologically advanced body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company is also recognized as the largest producer of soft body armor in the U.S. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, Point Blank Solutions believes that it can deliver the most advanced body armor solutions, quicker and better than anyone in the industry. The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL, Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about Point Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.

NON-GAAP FINANCIAL DISCLOSURE

This press release contains information regarding Adjusted EBITDA. Adjusted EBITDA is computed as net income, plus the sum of interest expense, depreciation and amortization, income taxes, equity based compensation, litigation and cost of investigations and employment tax withholding charge (credit). This measure is a non-GAAP financial measure, defined as numerical measures of financial performance that exclude or include amounts so as to be different than the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles, or GAAP, in our statements of operations, balance sheets or statements of cash flows. Pursuant to the requirements of Regulation G, we have provided a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure.

SAFE HARBOR STATEMENT

POINT BLANK SOLUTIONS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31,
(In thousands, except share data)

ASSETS	2008	2007
Current assets:
Cash	$1,707	$213
Restricted cash	-	35,200
Accounts receivable, less allowance for doubtful
accounts of $279 and $296, respectively	33,620	25,144
Inventories, net	38,700	43,550
Income tax receivables	11,951	20,285
Deferred income taxes	14,829	21,468
Prepaid expenses and other current assets	2,782	3,150
Total current assets	103,589	149,010
Property and equipment, net	10,742	5,967
Other assets:
Deferred income taxes	10,931	1,312
Deposits and other assets	113	78
Total other assets	11,044	1,390
Total assets	$125,375	$156,367

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Revolving line of credit	$39,207	$16,254
Note payable – Related Party	2,950	-
Income taxes payable	285	-
Accounts payable	23,310	15,416
Accrued expenses and other current liabilities	4,927	8,384
Reserve for class action settlement	4,172	39,372
Vest replacement program obligation	410	527
Employment tax withholding obligation	8,154	34,176
Total current liabilities	83,415	114,129
Long term liabilities:
Unrecognized tax benefits	11,239	11,134
Other liabilities	418	525
Total long term liabilities	11,657	11,659
Total liabilities	95,072	125,788
Commitments and contingencies
Minority and non-controlling interests in consolidated subsidiaries	411	406
Contingently redeemable common stock (related party)	19,326	19,326
Stockholders’ equity:
Common stock, $0.001 par value, 100,000,000 shares authorized, 51,446,585 and 51,044,609 million shares issued and outstanding, respectively	48	48
Additional paid in capital	89,673	84,552
Accumulated deficit	(79,155)	(73,753)
Total stockholders’ equity	10,566	10,847
Total liabilities and stockholders' equity	$125,375	$156,367

POINT BLANK SOLUTIONS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31,
(In thousands, except per share data)

	2008	2007	2006

Net sales	$164,922	$320,796	$254,105
Cost of goods sold	159,103	259,289	196,154
Gross profit	5,819	61,507	57,951
Selling, general and administrative expenses	32,359	40,921	42,539
Litigation and costs of investigations	7,199	9,647	13,886
Employment tax withholding charge (credit)	(26,034)	(737)	4,407
Total operating costs	13,524	49,831	60,832
Operating income ( loss)	(7,705)	11,676	(2,881)

Interest expense	1,255	791	1,946
Other (income) expense	(411)	(110)	127
Total other expense	844	681	2,073
Income (loss) before income tax expense (benefit)	(8,549)	10,995	(4,954)
Income tax expense (benefit):
Current	658	(10,865)	(772)
Deferred	(3,051)	15,501	1,058
Total income tax expense (benefit)	(2,393)	4,636	286
Income (loss) before minority and non-controlling interests of subsidiaries	(6,156)	6,359	(5,240)
Less minority and non-controlling interests of subsidiaries	(754)	153	82
Net income (loss)	$(5,402)	$6,206	$(5,322)
Basic and diluted earnings (loss) per common share	$(0.11)	$0.12	$(0.12)

POINT BLANK SOLUTIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,
(In thousands)

	2008	2007	2006

CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (loss)	$(5,402)	$6,206	$(5,322)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	1,482	637	643
Amortization of deferred financing costs	118	88	41
Deferred income tax expense (benefit)	(3,051)	15,501	1,058
Gain on sale of fixed assets	(3)	-	(94)
Minority and non-controlling interests in consolidated subsidiaries	(245)	153	82
Equity-based compensation	5,156	3,649	1,615
Changes in assets and liabilities:
Increase in restricted cash	-	-	(35,200)
Accounts receivable	(8,476)	12,943	2,957
Accounts receivable from insurers	-	-	12,875
Inventories	4,850	(11,340)	(5,385)
Income tax recevable	8,334	(20,285)	-
Prepaid expenses and other current assets	250	(912)	(784)
Deposits and other assets	(35)	16	7
Accounts payable	7,526	814	2,229
Accrued expenses and other current liabilities	(3,457)	(4,528)	4,178
Vest replacement obligation	(117)	(5,527)	(3,658)
Income taxes payable	356	(5,905)	(636)
Unrecognized tax benefits	105	11,134	-
Employment tax withholding obligation	(26,022)	(2,307)	4,407
Other liabilities	(107)	(327)	(632)
Net cash provided by (used in) operating activities	(18,738)	10	(21,619)

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of property and equipment	4	38	572
Purchases of property and equipment	(3,758)	(4,817)	(458)
Net cash provided by (used in) investing activities	(3,754)	(4,779)	114

CASH FLOWS FROM FINANCING ACTIVITIES
Bank overdraft	368	(3,024)	5,531
Contribution from minority owners	250	-	-
Loan from minority owners	450	-	-
Net proceeds from revolving line of credit	22,953	7,829	8,425
Repayment of notes payable – bank	-	-	(15,000)
Issuance of contingently redeemable common stock (related party)	-	-	19,326
Repurchase of common stock	-	-	(3,133)
Payment of payroll taxes from option exchange for employees	(120)
Proceeds from exercise of stock warrants	85	-	5,250
Net cash provided by (used in) financing activities	23,986	4,805	20,399
Net increase (decrease) in cash and cash equivalents	1,494	36	(1,106)

Cash and cash equivalents at beginning of year	213	177	1,283
Cash and cash equivalents at end of year	$1,707	$213	$177
Supplemental cash flow information:
Cash payments for interest	$966	$703	$1,905
Cash payments for income taxes	$983	$4,224	$-
Property and equipment acquired by issuing a notes payable	$2,500	$-	$-

POINT BLANK SOLUTIONS, INC. AND SUBSIDIARIES
ADJUSTED EBITDA FOR THE YEARS ENDED DECEMBER 31,
(In thousands)

	2008	2007
Net Income	$(5,402)	$6,206
Add back:
Depreciation	1,482	637
Interest	1,255	791
Income Taxes	(2,393)	4,636
Equity based compensation	5,156	3,649
Litigation and cost of investigations	7,199	9,647
Payroll Tax Withholding Credit	(26,034)	(737)
Adjusted EBITDA	$(18,737)	$24,829

POINT BLANK SOLUTIONS, INC. AND SUBSIDIARIES
ADJUSTED EBITDA FOR THE THREE MONTHS ENDED DECEMBER 31,
(In thousands)

	2008	2007
Net Loss	$(9,278)	$(156)
Add back:
Depreciation	539	170
Interest	581	326
Income Taxes	(5,527)	319
Equity based compensation	100	733
Litigation and cost of investigations	979	2,283
Payroll Tax Withholding Credit	-	-
Adjusted EBITDA	$(12,606)	$3,675

March 10, 2009

POINT BLANK SOLUTIONS SETS DATE FOR 2008
FOURTH QUARTER AND YEAR-END RESULTS AND CONFERENCE CALL

Pompano Beach, FL, March 10, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that it will be filing its Form 10-K for the period ended December 31, 2008 on Monday, March 16, 2009. The Company also disclosed that it will be hosting a teleconference and webcast to discuss its financial results on Tuesday, March 17, 2009 at 11:00 a.m. EST.

Parties can listen to the webcast on the Point Blank Solutions website at http://www.pointblanksolutionsinc.com and by clicking on “Investor Relations” or by dialing:

Domestic Call-in Number: 866-730-5765
International Call-in Number: 857-350-1589
Participant Pass Code: 87574536

Replay Number: 888-286-8010
International Replay Number: 617-801-6888
Access Code: 67225016

SAFE HARBOR STATEMENT

January 30, 2009

POINT BLANK SOLUTIONS TO PRESENT AT COWEN AND COMPANY’S
30TH ANNUAL AEROSPACE AND DEFENSE CONFERENCE

Pompano Beach, Florida, January 30, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced that Larry Ellis, president and chief executive officer will be presenting at Cowen and Company’s 30th Annual Aerospace and Defense conference. Point Blank Solutions will be presenting on Wednesday, February 4, 2009 at 8:35 a.m. EST. The conference will be held at the InterContinental The Barclay in New York, NY on February 4th and 5th, 2009.

The Company’s presentation is being Webcast by Thomson Financial-CCBN and can be accessed on our website, www.pointblanksolutionsinc.com under the investor relations section.

Cowen and Company’s Aerospace and Defense conference is recognized as one of the leading industry events attracting top institutional investors and industry personnel. This invitation-only conference will feature management presentations from over 45 leading aerospace and defense companies. For more information on the conference, please see www.cowen.com.

SAFE HARBOR STATEMENT

January 21, 2009

POINT BLANK SOLUTIONS SUBMITS NEW BID FOR IMPROVED OUTER TACTICAL VESTS IN RESPONSE TO U.S. ARMY’S REQUEST FOR MODIFICATION ON EXISTING SOLICITATIONS

Pompano Beach, Florida, January 21, 2009 – Point Blank Solutions, Inc. (“PBSI”, OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, today announced that the U.S. Army Research, Development and Engineering Command Contracting Center (“RDECOM”) issued a Request for Proposal (“RFP”), extending the existing contract for Improved Outer Tactical Vests (“IOTVs”). On January 20th, in response to a letter received from RDECOM, the Company submitted its bid to produce an additional 75,000 IOTVs at a rate of 25,000 IOTVs per month for the three months beginning April 2009.

The proposed modification to W91CRB-07-C-0085 (“the Solicitation”) was issued as a “Bridge Buy” in order to meet ongoing fielding requirements. Point Blank Body Armor (“PBBA”), the Company’s wholly-owned subsidiary and one other company are the only two recognized sources that have US Army tested and approved ballistic material packages, are proven producers of the IOTV, and have the manufacturing capabilities to meet the current IOTV production and performance requirements. The award will be based on the lowest priced technically acceptable proposal.

Point Blank Body Armor continues to produce IOTVs under the first $86.2 million extension of the current “Bridge Buy for the production of 150,000 IOTVs. . Production is expected to be completed by March 2009. The Government has indicated that IOTVs produced under the existing and future bridge buy are in addition to the 736,000 IOTVs and 238,000 Deltoid and Axillary Protection Systems (DAPS) currently awaiting an award decision under solicitation W91CRB-07-R-0079 in the second quarter of 2009.

January 09, 2009

NEWEST BODY ARMOR SOLUTIONS FROM POINT BLANK TO BE SHOWCASED
AT SHOT SHOW 2009

Company to Demonstrate Cutting-Edge Tactical Equipment and Electroshock Protection Gear at the Industry’s Premier Outdoor Expo

Pompano Beach, FL, January 9, 2009 – Point Blank Solutions, Inc. (OTC Pink Sheets: PBSO.PK), a leader in the field of protective body armor, announced today that the Company will exhibit its innovative solutions at the 2009 Shooting, Hunting, Outdoor Trade Show and Conference (SHOT Show). The expo runs from Thursday, January 15th to Sunday, January18th at the Orange County Convention Center in Orlando, Florida.

Among the latest products that will be on display from Point Blank and PACA Body Armor, are the industry’s first Police Duty Gloves with ThorShield™ electroshock weapon protection; an advanced stainless steel knife collection; and state-of-the-art tactical vests including the SVIII Front and Side Opening vests, the Four Star vest, the NATO™ Front Opening vest, and the Ranger vest. These new solutions incorporate the latest technologies and designs that offer superior protection, high-performance, and optimum comfort in the most challenging environments.

ThorShield™ Police Duty Gloves are constructed from extremely durable, soft cowhide leather engineered with a patented, ultra-thin conductive material lining that protects officers from being incapacitated by electroshock weapons. Designed for superior feel and dexterity while shooting, searching, handcuffing or using a TASER device or stun gun, this high-performance glove allows an officer to work with total confidence and safety.

The new stainless steel knife collection with smooth, one-handed folding and fixed capabilities was engineered for a broad range of duty operations. Both advanced functionality and safety are incorporated into this top-of-the-line collection. The knives are composed of an N690 stainless steel, heavy-duty and wear-resistant blade. The ergonomically designed handle provides superior grip and hand protection, while a detachable clip supports all possible carry options.

The SVIII Front Opening vest has more than 12 integrated design features which provide superior functionality. It is ideally suited for response teams who require convenient load bearing capabilities combined with the flexibility to adapt to any tactical mission. Exceptionally comfortable and ruggedly durable, the SVIII offers brute force protection and more customer features than any other tactical vest believed to be available today.

The SVIII Side Opening vest features a fully-integrated modular design that offers instant adaptability, time-tested reliability and the most innovative ballistic system believed to be available today. Designed for the active assaulter, this performance-driven carrier allows instant donning and doffing, retractable groin and removable bicep protection, a maximum load bearing MOLLE system and exceptional side and shoulder adjustability to adapt to any weather condition.

The Four Star vest provides maximum protective coverage, extreme versatility in fit and enhanced flexibility for greater mobility. Ideal for tactical officers who need functional load-carrying capabilities with the versatility to adapt to any operation, this body armor system will hold up to the toughest demands while offering superior protection and comfort.

The NATO Front Opening vest is ideally suited for First Responders who require immediate protection in high threat circumstances. Modular in design and exceedingly adaptable under any condition, this lightweight vest offers exceptional coverage at an extraordinary value.

The Ranger vest is streamlined and highly effective; blending the functionality of a tactical vest with a simple carrier construction that’s geared for high performance. This comprehensive package accommodates soft ballistic panels, hard armor plates, an hydration system, and multiple PACA-exclusive design features.

These products, among other flagship solutions such as the Dragon Fire™, Assault-1, Spider™, and SWAT CERT Plus protective systems, will be on display at the Point Blank and PACA Body Armor booth (#8889) in the main exhibit hall. Visitors are welcome to meet with executives for one-on-one demonstrations.

“Point Blank Solutions remains committed to making the highest-performing, most comfortable and safest products for our end-users in the line of duty,” stated Sam White, EVP and Head of Global Sales. With the release of the new NIJ 0101.06 standard, the most stringent standard established to date for enhancing officer safety, Point Blank and PACA Body Armor have developed new ballistic solutions to meet today’s challenges. These innovations will be featured at our booth at SHOT Show and we look forward to meeting with attendees and sharing hands-on information about latest developments.”

Sponsored by the National Shooting Sports Foundation, the SHOT Show is the largest and most comprehensive trade show for all professionals involved with the shooting sports and hunting industries. It is the world's premier exposition of combined firearms, ammunition, archery, cutlery, outdoor apparel, optics, camping and related products and services. Buyers from all 50 states and more than 75 countries attend the show each year. For more information, visit www.shotshow.org.

The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL, Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about Point Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.

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