Point Blank Solutions Announces $18.2 M Body Armor Contract

(Pompano Beach, Fla., August 31, 2009) -- Point Blank Solutions, Inc. ("PBSI", OTC Pink Sheets: PBSO), 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."

Source : Point Blank Solutions