BlastGard International, Inc. Enters Into Exclusive License Agreement With Blast & Fire Technology, Inc.CLEARWATER, Fla. -- BlastGard International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLGA) is pleased to announce that it has entered into an exclusive license agreement with Blast & Fire Technology, Inc. ("Blast & Fire") for the sale of BlastGard's products to the Petrochemical and Oil & Gas Industry. Blast & Fire, which is headquartered in El Campo, TX, has been granted an exclusive license for the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and surrounding international waters. In the exploration and production of and the refining of oil and gas, the prevention and containment of vapor cloud explosions ("VCE's") are high priorities. In situations where VCE's are a risk, BlastGard and Blast & Fire are working jointly on a new proprietary, versatile process to produce a revolutionary approach to mitigating explosions. Under the Agreement, BlastGard expects to more rapidly penetrate various key market opportunities by the use of Blast & Fire's contractual arrangements and marketing operations with the Petrochemical and Oil and Gas industries for BlastGard products and associated services. In addition, Blast & Fire Management will provide, as necessary, office space, administrative support and other technical support to this effort. When asked to comment on the new relationship, Bobby Vasquez, President of Blast & Fire stated that: "Our goal at Blast & Fire is to use our expertise and new technologies to design ingenious, cost-efficient solutions, especially for VCE's in the Petrochemical and Oil and Gas industries. We are committed to developing innovative solutions for our customers. BlastGard's blast mitigation products offer a new technology for protection against VCE's and fireballs that we want to help bring to market. Blast & Fire has started extensive testing of BlastWrap(TM) to develop a cost-effective solution where none exists today. Blast & Fire has achieved 42% mitigation in initial testing of VCE's with the optimum goal of achieving 50% or better in full scale tests." BlastGard CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jim Gordon comments that: "We are excited to be working with Blast & Fire. The skills of the individuals, the synergies between the two companies and the considerable resources brought together by this agreement significantly elevate our opportunity to provide meaningful safety and service to many new customers for our innovative products and systems. The periodic occurrence of large-scale, potentially disastrous accidents involving fire in hazardous environments, such as oil well blowouts and petrochemical explosions, highlights the need for an integrated approach to fire and explosion safety engineering." About Blast & Fire Technology Blast & Fire Technology, Inc. was created to market innovative Blast & Fire management technologies to major oil companies in the USA market. Blast & Fire designs and markets blast threat solutions for and installs mitigation materials for the Petrochemical and Oil and Gas industries where major VCE's are a threat, especially in large-volume offshore oil and gas production platforms and in major refining facilities. The company's principal focus is the design of both OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and 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 solutions for mitigation of damage from VCE VCE Victorian Certificate of Education (State of Victoria, Australia) VCE Virginia Cooperative Extension VCE Volvo Construction Equipment VCE Venice, Italy - Marco Polo (Airport Code) events. 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 Destruction of or damage to structures and personnel by the force of an explosion on or above the surface of the ground. Blast effect may be contrasted with the cratering and ground-shock effects of a projectile or charge that goes off beneath the surface. and suppresses post-blast fires. This unique technology can be used to create new, finished products or to retrofit 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 & 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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