Defense Technology Systems (CE) (USOTC:DFTS)
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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