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Chief Financial Officer Departing Force Protection, Inc.


LADSON, S.C. -- Force Protection, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: FRPT FRPT Force Protection, Inc. (stock symbol) ), the leading U.S. manufacturer of specialty-armored vehicles, announced today that Thomas H. Thebes, Jr. has stepped down as Chief Financial Officer. His resignation was accepted by 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.  Gordon McGilton, and was effective Tuesday (10/17).

"We appreciate Tom's contribution during a time of enormous growth for our company and wish him well as he moves on to new ventures," said CEO Gordon McGilton. "His decision marks an important step in the development of Force Protection for which we have prepared and anticipated for some time, and coincides with the final stages of a previously-initiated search for a new CFO See Chief Financial Officer.  with the qualifications and experience necessary to take the company to the next level."

"Force Protection has the infrastructure, skilled personnel and knowledge in place to fully support operations while the final selection of the new CFO is made," said McGilton. "We will do everything necessary to ensure that the company continues to supply life-saving blast-protection technology to our men and women in conflict, as well as address the needs of our customers and shareholders during this brief interim."

Force Protection currently produces two vehicle series - the Buffalo and Cougar cougar: see puma.
cougar
 or puma or mountain lion or panther

Species (Puma concolor) of large, graceful cat that lives in a wide variety of habitats in the Americas, from southern Alaska to Patagonia.
 - that have been actively used in mine clearance and explosive ordnance disposal The detection, identification, on-site evaluation, rendering safe, recovery, and final disposal of unexploded explosive ordnance. It may also include explosive ordnance which has become hazardous by damage or deterioration. Also called EOD.  (EOD EOD

abbreviation for every other day; used in medical records.
) team missions in Operations Iraqi Freedom and Enduring Freedom for more than two years. Company sales have risen dramatically from $2 million in 2002 to more than $24 million in the first six months of 2005 and its workforce has increased to more than 270, as it has become the leading center for blast protection technology and counter IED Noun 1. IED - an explosive device that is improvised
I.E.D., improvised explosive device

explosive device - device that bursts with sudden violence from internal energy
 research in the U.S.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information, visit http://www.forceprotectioninc.com.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 21, 2005
Words:485
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