Defense Technology Systems, Inc. Announces Expansion to $1 Million of Agreement to Supply and Support Tactical Computer System f
July 14 2005 - 11:48AM
Business Wire
Defense Technology Systems Inc. (OTCBB:DFTS) today announced the
expansion of an agreement to supply a custom tactical computer
system for military operations. The total contract value has now
reached $1 million and all associated revenue will be realized in
calendar year 2005. The terms include providing replacement parts
for the system. The contract was initially executed in May 2005 by
Defense Technology's majority-owned subsidiary, DCI, and a major
defense industry contractor. The contract terms require
confidentiality regarding the details of the solution and the
parties. This contract is an example of Defense Technology's
recently announced revitalization and redirection plan. The Company
has endeavored over the last year to leverage its experience in
providing digital communication infrastructure solutions to Fortune
1000 companies and expand into providing overall Homeland Security
solutions to major metropolitan municipalities. To accelerate the
plan, Defense Technology recently acquired a majority interest in
an established defense engineering firm with 20 years of experience
and a portfolio of proprietary technologies. Through acquisition,
Defense Technology has trailing twelve month revenue of $5 million.
Management intends to build a Homeland Security product portfolio
through acquisition that could add substantial annual revenue
through potential acquisitions. Defense Technology Systems has
developed a strategy that includes bringing market definition to
the Homeland Security Industry. The Homeland Security marketplace
is currently spattered with various gadget technologies. Defense
Technology has developed a framework to deliver integrated
Preemptive, Early Warning and Resilient Response Solutions to
Critical Path Terrorist Targets. A PowerPoint presentation on the
Company's Homeland Security Solution Framework is available by
contacting Investor Relations at LCgroup@mindspring.com. About
Defense Technology Systems, Inc. Defense Technology Systems, Inc.
is an international provider of security solutions focused on the
Homeland Security and Defense industries. The Company offers a
broad portfolio of security-related products, including ballistic
glass, video surveillance, infrastructure security and associated
security systems. The Defense Systems team, working in
collaboration with its partners, will design, develop, manufacture,
install and market specialty products, equipment, and systems for
the safety and security needs of all sectors of the domestic and
international marketplace. In addition, DFTS recently acquired a
majority interest in DCI Corporation (www.dci-corp.com), a leading
edge technology company with over 15 years of experience in
engineering specialized hardware and software solutions when
commercial-off-the-shelf (COTS) products do not fulfill the
critical requirements of enterprise, military or government
organizations. DCI's experience has earned them the reputation as a
respected Homeland Security solution provider with a broad
portfolio of innovative proprietary technologies. This press
release contains statements (such as projections regarding future
performance) that are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties, including but not limited to those
detailed from time to time in the Company's filings with the
Securities and Exchange Commission. For more information on Defense
Technology Systems, Inc. visit: www.DefenseTechnologySystems.com
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