Defense Industries International Reports Second Quarter 2007 Financial Results.Second Quarter Revenues Increased by 209% Year-over-Year; Second Quarter Net Income Reached $661,000 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, announced its financial results for the second quarter ended June 30, 2007. Net revenues for the second quarter increased by 209%, from $1.8 million in the second quarter of 2006 to $5.7, million in the second quarter of 2007. The increase in revenues in mostly due to an increase in sales in the local military and export military markets, the company's major market segments. Total sales to the local military market reached $4.2, million in the second quarter of 2007, compared with sales of $1.4 in the second quarter of 2006. Gross profit for the second quarter of 2007 was $2.4 million compared to $218,000 for the second quarter of 2006. The increase in gross profit is principally attributable to the general increase in sales. Selling expenses for the second quarter of 2007 increased to $315,000 from $82,000 in the second quarter of 2006. The increase in selling expenses is attributed to the increase in export military market sales. General and administrative expenses for the second quarter of 2007 increased to $658,000 from $612,000 for the second quarter of 2006. Net income for the second quarter of 2007 reached $661,000 as compared to a net loss of $549,000 for the second quarter of 2006. Commenting on the results, Joseph Postbinder, 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, said, "We are extremely pleased with our second quarter results. Our results for the quarter reflect both our strength in the domestic military market as well as our global reach. Our enhanced sales and marketing efforts are already paying off, as we are receiving new orders from new significant customers world-wide. An example of this is our recently announced order for a 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 product from a new client from a CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S country." 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, bomb disposal suits and bullet-resistant vests and jackets; ballistic wall covers, ceramic armor plates and lightweight armor UHMW-PE UHMW-PE Ultra High Molecular Weight Polyethylene plates; personal military equipment, battle pouch pouch (pouch) a pocket or sac. abdominovesical pouch one formed by reflection of the peritoneum from the abdominal wall to the anterior surface of the bladder. units and combat harness units; dry storage units, liquid logistics Liquid Logistics is a special category of logistics that relates to liquid products, and is utilized extensively in the "Supply Chain for Liquids" discipline. Standard logistics techniques are generally used for discrete or unit products. , 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. The Company has three principal subsidiaries, Export Erez Ltd., Achidatex Nazareth Elite ltd. and Owen Mills in the USA. 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 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. 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 publicly release updates to these forward-looking statements made to reflect new events or circumstances after the date hereof. Neither the Company nor its agents assume responsibility for the accuracy and completeness of the forward-looking statements. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] |
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