Defense Industries International Acquires Operations Of Chemoplast Industries; Acquisition a Milestone in Achieving Long-Term Growth.ASHKELON, Israel -- Defense Industries International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DFNS), a leading manufacturer and global provider of personal military and civilian protective equipment and supplies, today announced that it has acquired the operations of Chemoplast Industries (1994) Ltd. Chemoplast Industries is a leading Israeli provider of dry storage systems. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the purchase agreement dated December 20, 2005, Defense Industries acquired Chemoplast Industries' machinery, systems, inventory, name and goodwill. Defense Industries plans to leverage the synergy between Chemoplast Industries and its subsidiary, Achidatex, which is engaged in the production of long term storage systems, to enhance its offerings in its target markets and to increase its market share. Chemoplast Industries is a producer of high quality plastic products. For over forty years, Chemoplast Industries has introduced a diversified product range, innovative production processes and technologies. It acquired international know-how and expanded its manufacturing capabilities, becoming one of Israel's industry leaders in the field of sheet plastic and laminate fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. production. Chemoplast Industries currently specializes in the production of controlled dry storage systems for tanks, armored personnel carriers and other military vehicles Military vehicles include all land combat and transportation vehicles, excluding rail-based, which are designed for or are in significant use by military forces. See also list of armoured fighting vehicles. and of equipment that require battlefield readiness and quick deployment such as collapsible liquid storage tanks, mobile silos for storage of grains, liners for tanks shipping systems, custom-made covers for artillery, vehicles, communication equipment, tarpaulins, various technical products and special-purpose defense items. "This acquisition, is another major milestone in our long-term growth strategy," said Joseph Fostbinder, 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. of Defense Industries "Chemoplast Industries' operations and expertise in dry storage systems will enable us to increase our market share, enhance our offerings to our target markets, improve our financial position and will provide us with a platform for future growth." "With the expected reduction in size of the Israeli military forces, we believe that the demand for dry storage systems, a field-proven solution for quick deployment and battle-field readiness will increase. As a result of the acquisition of the operations of Chemoplast Industries, we are positioned to take advantage and capitalize upon this trend. We believe that the combined expertise and the synergy between our company and Chemoplast Industries will enable us to offer the best solutions for the benefit of all customers." About Defense Industries International, Inc. Defense Industries International, Inc. is a leading manufacturer and global provider of personal military and civilian protective equipment and supplies. Defense Industries' main products include body armor Noun 1. body armor - armor that protects the wearer's whole body body armour, cataphract, coat of mail, suit of armor, suit of armour armet - a medieval helmet with a visor and a neck guard , bomb disposal suits and bullet-resistant vests and jackets; ballistic wall covers, helmets, plates and one-way protective windows; personal military equipment, battle pouch units and combat harness units; dry storage units, liquid logistics, tents and vehicle covers; winter suits, sleeping bags and backpacks. The Company's manufacturing facilities meet American EQNET EQNET Earthquake Information Network and international ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 standards. Main customers include the Israel Defense Forces, the North Atlantic Treaty Organization North Atlantic Treaty Organization (NATO), established under the North Atlantic Treaty (Apr. 4, 1949) by Belgium, Canada, Denmark, France, Great Britain, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal, and the United States. (NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. ), the United Nations Peacekeeping Forces and other U.N. organizations. The Company has two main subsidiaries Export Erez Ltd. and Achidatex Nazareth Elite (1977) Ltd. For additional information, please visit the Company's web site at www.defense-industries.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 This press release contains forward-looking statements as defined in 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. Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. |
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