BlastGard International Announces New Products.CLEARWATER, Fla. -- BlastGard International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLGA), a leading provider of proprietary blast mitigation materials, is pleased to announce that the first complete BlastGard Barrier System ("BBS (1) (Bulletin Board System) A computer system used as an information source and forum for a particular interest group. They were widely used in the U.S. ") has been constructed for demonstration purposes and initial reaction from the Middle Eastern market has been very exciting. We have a number of agents on the ground in this market and based on the overwhelming response to the product, we anticipate that it will become one of our highest volume products. In addition, the company has also completed a technical presentation for our PipeWrap product per our agreement with Orasi, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Orasi") of Nevada to the Saudi Ministry of Interior and Saudi Aramco Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production. and received an excellent review from the participants. Saudi Aramco is the state-owned national oil company of Saudi Arabia Saudi Arabia (sä `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. and the largest oil corporation in the world. We
have appointed an Agent in Saudi to represent this product and are in
final stage negotiations with a leading Saudi owned
distributor/contractor to handle all installation responsibilities for
PipeWrap and BlastGard Barrier Systems. We are very pleased with the
progress we have made in the commercialization of our core product over
the past year and we now stand ready to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. these new product opportunities. Andrew McKinnon, Chief Executive Officer and Board member, says: "BlastGard has agreed to assist Orasi with its efforts to commercialize Orasi's PipeWrap products and services specifically for an immediate opportunity in the Middle East. The financial arrangement in the agreement calls for the parties to split 50/50 the net revenues developed from the sales of the product over the next year and also gives BlastGard `first right of refusal' for the purchase of the product." About BlastGard International, Inc. BlastGard International, Inc. creates designs, develops, manufactures and markets proprietary blast mitigation materials. The Company's patent-pending BlastWrap([R]) technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology is being 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 existing products. BlastWrap([R]) is a market leading product from which blast protection solutions 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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`dē ərā`bēə, sou`–, sô–)
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