Defense Technology Systems (CE) (USOTC:DFTS)
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Initial Contract Valued at $100,000 with Potential for $1
Million In Additional Revenue for 2005
Defense Technology Systems (OTCBB:DFTS) announced today that its
newly acquired DCI subsidiary, has been awarded an initial order by a
German integrator for $100,000 to design, engineer and develop a
server for use in a French military armored personnel carrier (APC).
The servers are currently undergoing evaluation by the end-user which
may lead to a follow-on production order for an additional 90 units
for delivery in late 2005. The follow-on contract value is projected
to be $1 million.
Daniel McPhee, CEO of Defense Technology Systems, said, "We are
please about this acquisition for the company and our shareholders. We
anticipate that this order will represent the first of many exciting
opportunities. Most of the revenue of this initial order will be
recognized in the current quarter."
Bud Maciekowicz, President of DCI, added, "We are in negotiations
on several additional contracts internationally and domestically,
which we hope to announce this quarter. It is clear that DCI has a
tremendous opportunity to build a rapidly growing business in the
Homeland Security and Defense sectors along with DFTS."
About Defense Technology Systems, Inc.
Defense Technology Systems, Inc. is an international provider of
data and security solutions with three operating divisions.
The Company's DWS Defense Systems division was created in response
to growing international security concerns. DWS offers a broad
portfolio of security-related products, including ballistic glass,
video surveillance, infrastructure security and associated security
systems, The highly skilled DWS 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. DFTS recently acquired a majority interest
in DCI Corporation, 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 host of
innovative proprietary technologies.
The Company's Data division is a multi-regional manufacturer of
electronic cable assemblies used in providing connectivity solutions
for customers operating a wide range of data systems. The Data
division adds value by providing connectivity solutions, which may
also include distributed sales of passive components such as
electronic connectors, electronic wire and cable, cabinets and racks
and patch panels, and active components including hubs, bridges,
routers, gateways and modems.
For more information on Defense Technology Systems, Inc. visit:
www.defensetechnologysystems.com.
DCI Corporation information is available at www.dci-corp.com.
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.