Armor Designs Inc Armor Designs Provides Update on Legal Matters

 
TIDMADID 
 
Armor Designs Provides Update on Legal Matters 
 
TEMPE, Ariz., Nov. 18, 2014 -- Armor Designs, Inc. (LSE: ADID) 
("Armor" or the "Company"), a leading designer, integrator and manufacturer of 
armor solutions for military, government and commercial use, today provided an 
update on the recent hearing at the Court of Chancery of the State of Delaware 
(the "Court") held on Friday, November 7, 2014. The board of directors of the 
Company is pleased to report that the Court rebuffed the action of written 
consent by the Company's former Chairman of the Board and Chief Executive 
Officer, James St. Ville ("St. Ville"), acting through his wholly-owned 
company, Hawthorne & York International Ltd ("HYI"), to replace the incumbent 
board of directors. 
 
Under consideration by the Court is the legality of St. Ville's actions under 
the Relationship Agreement entered into by St. Ville, HYI and the Company. The 
Court concluded that the Relationship Agreement was put in place to protect the 
rights of minority shareholders, and future hearings are expected to focus on 
that agreement. A timetable has yet to be set in relation to further hearings 
to consider the issue. 
 
It is anticipated that trading in the Company's shares on AIM will remain 
suspended pending further updates in relation to these matters as well as 
notification of the Company's interim results to June 30, 2014 which have been 
delayed due to the aforementioned matters. 
 
Further announcements will be made as appropriate. 
 
For further information please contact: 
 
 
Dennard - Lascar Associates, LLC.   Tel: [phone] 
M. Carol Coale 
[e-mail] 
 
Ken Dennard 
[e-mail] 
 
Armor Designs, Inc.                 Tel: [phone] 
David L. Oliveira 
 
S. P. Angel Corporate Finance LLP   Tel: [phone] 
Stuart Gledhill 
Tercel Moore 
 
 
About Armor Designs, Inc. 
 
Armor Designs, Inc. (ADI) is a knowledge-based, technology-innovation company 
that develops and manufactures the highest quality, lightest and most 
cost-effective armor solutions to serve the military, government and commercial 
sectors on a global basis. We are an international company headquartered in 
Phoenix, Arizona, and our commitment to state-of-the-art innovation is driven 
through the application of Finite Elemental Analysis. This methodology 
eliminates the trial-and-error approach and instead provides a robust platform 
for a rapid development of armor solutions that can be tailored for any 
application. 
 
For more information, please visit the Armor Designs web site at 
www.armordesigns.com. 
 
Safe Harbor Statement and Disclaimer 
 
This news release includes "forward looking statements" within the meaning of 
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the 
Securities Exchange Act of 1934, as amended. Forward looking statements give 
our current expectations, opinion, belief or forecasts of future events and 
performance. A statement identified by the use of forward looking words 
including "may," "expects," "projects," "anticipates," "plans," "believes," 
"estimate," "should," and certain of the other foregoing statements may be 
deemed forward-looking statements. Although Armor Designs believes that the 
expectations reflected in such forward-looking statements are reasonable, these 
statements involve risks and uncertainties that may cause actual future 
activities and results to be materially different from those suggested or 
described in this news release. Investors are cautioned that any 
forward-looking statements are not guarantees of future performance and actual 
results or developments may differ materially from those projected. The 
forward-looking statements in this press release are made as of the date 
hereof. The Company takes no obligation to update or correct its own 
forward-looking statements, except as required by law, or those prepared by 
third parties that are not paid for by the Company. 
 
Electronic versions of the materials you are seeking to access are being made 
available on this website by Armor Designs, Inc. ("Armor Designs") pursuant to 
the AIM rules for companies published by the London stock exchange as a 
consequence of the fact that the common shares of armor designs are admitted to 
trading on the AIM market of the London Stock Exchange. 
 
Non-U.S. persons 
 
These materials are not directed to nor are they intended for access by persons 
located or resident in the United States. None of the securities of Armor 
Designs discussed or referred to in the materials you are seeking to access 
have been registered under the US securities act 1933, as amended ("securities 
act") and may not be offered, sold, pledged or otherwise transferred except (1) 
in an offshore transaction meeting the requirements of rule 903 or rule 904 of 
regulation S under the securities act, (2) pursuant to an effective 
registration statement under the securities act, or (3) pursuant to an 
available exemption from the registration requirements of the securities act, 
in each case in accordance with all applicable securities laws. 
 
 
SOURCE  Armor Designs, Inc. 
 
 
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