BlastGard International, Inc. Announces Name Change from Opus Resource Group, Inc, Completion of 5-for-1 Reverse Stock Split, and New Stock Symbol.Business Editors CLEARWATER, Fla.--(BUSINESS WIRE)--March 31, 2004 BlastGard International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLGA) is pleased to announce that effective today it has completed its name change from Opus Resource Group, Inc. and a 5 for 1 reverse split of the Company's outstanding common stock. The new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors for the company's common stock is "BLGA". The Shareholders had authorized these transactions at a Special Shareholder Meeting held on March 12, 2004. The reverse split will be effective at the opening of business on March 31, 2004. As a result of the split, Shareholders of record at the close of the business day on March 30, 2004 will receive one common share for every five shares currently held. No fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. will be issued by the Corporation as a result of the Reverse Split. Any fractional shares created as a result of the split shall be rounded into one whole share. About BlastGard International BlastGard International, Inc. was created to design, develop, manufacture and market proprietary blast mitigation materials. The Company's patent-pending BlastWrap(TM) technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology can be used to create new finished products or to retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in to existing products. While the need for this technology has always been present, the security and safety concerns resulting from the September 11, 2001 acts and the subsequent development of Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States make the timing of the Company's emergence even more important. The Company's core market focus is on blast effects mitigation for the commercial sector, military, law enforcement and government agencies. BlastWrap(TM) is based upon well-defined principles and suppresses blast pressures by 50% or more. BlastWrap(TM) products are made from two flexible films arranged one over the other and joined by a plurality The opinion of an appellate court in which more justices join than in any concurring opinion. The excess of votes cast for one candidate over those votes cast for any other candidate. Appellate panels are made up of three or more justices. of seams filled with attenuating filler material (volcanic glass volcanic glass Any glassy rock formed from lava or magma that has a chemical composition close to that of granite. Such molten material may reach very low temperatures without crystallizing, but its viscosity may become very high. bead or other suitable two-phase materials), configurable (designed for each application) with an extinguishing coating that offers a revolutionary blast protection system against blast and fire/burn threats. BlastWrap(TM) is a blast mitigation assembly that can be wrapped around or conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" any shape. BlastWrap(TM) is a concept (not a chemical compound) from which blast protection products are built to save lives and reduce damage to valuable assets from explosions. Additional information on BlastGard can be found at http://www.blastgardintl.com "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: the Company's ability to market its products; the Company's ability to obtain additional funding; the Company's ability to obtain regulatory approvals on new products, the general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The Company takes no obligation to update or correct forward-looking statements. |
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