Defense Technology Systems, Inc. Announces Management Change as Part of Revitalization Plan to Increase 2005 Revenue; Board Initiates CEO Search; Current CEO to Step Down as Company Builds Defense Industry Management Depth.HAUPPAUGE, N.Y. -- Defense Technology Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DFTS DFTS Defence Fixed Telecommunications Service DFTS Directory File Transfer System (Owl Computing Technologies) DFTS Dual-Queue, Fifo, Timeout, Statistical TDM Scheme ) announced today that the Board of Directors, which includes current 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. Daniel McPhee, has voted unanimously to initiate a search for a new Chief Executive Officer. The Board's goal is to bring defense industry leadership depth into the Company. The Company has recently implemented a revitalization re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. and redirection plan to leverage its experience in providing digital communication infrastructure solutions to Fortune 1000 companies and expand into providing overall 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 solutions to major metropolitan municipalities The term "Metropolitan Municipality" is used officially and generically to mean a number of different types of local governments. In the United States, Canada, and like jurisdictions, "metropolitan municipality" can mean one or more of the following: "Dan McPhee and his team created a timely Homeland Security vision and did well to direct a Company with limited resources toward achieving this vision, "said Philip Verges, a recent addition to the Company's Board of Directors and a graduate of the United States Military Academy United States Military Academy, at West Point, N.Y.; for training young men and women to be officers in the U.S. army; founded and opened in 1802. The original act provided that the Corps of Engineers stationed at West Point should constitute a military academy, but at West Point. "With the Company's 2004 restructuring and the recent acquisition of a majority interest in a defense industry engineering firm, Mr. McPhee and his team have positioned Defense Technology for significant growth in 2005. I am confident that as a continuing Board member, Mr. McPhee will continue to bring great value and vision to the Company in his ongoing leadership role." "The Company's prior focus had been in providing voice and data communication solutions" said Mr. McPhee, the current CEO of Defense Technology. "The increase of global terrorism changed the landscape of our customer's communication requirements and changed the world's priorities in regard to business, government and individual decision making. Our Company's focus needed to change as well. The technology economy has made finding necessary resources to fuel any change very difficult, but we persevered and have positioned the Company to grow into a leading Homeland Security solution provider. I believe the shareholders will best be served at this juncture in our Company's development with an experienced Defense industry professional in the role of CEO. I look forward to continuing in a vital role with the Company on the Board of Directors." About Defense Technology Systems, Inc. Defense Technology Systems, Inc. is an international provider of data and security solutions with three operating divisions. The Company's DWS DWS Dallas Wind Symphony (Dallas, TX) DWS Department of Workforce Services (Wyoming) DWS Division of Workforce Solutions (Wisconsin) DWS Driving While Suspended Defense Systems division was created in response to growing international security concerns. DWS offers a broad portfolio of security-related products, including ballistic glass, video surveillance, infrastructure security and associated security systems, The highly skilled DWS Defense Systems team, working in collaboration with its partners, will design, develop, manufacture, install and market specialty products, equipment, and systems for the safety and security needs of all sectors of the domestic and international marketplace. DFTS recently acquired a majority interest in DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. Corporation, a leading edge technology company with over 15 years of experience in engineering specialized hardware and software solutions when commercial-off-the-shelf (COTS) products do not fulfill the critical requirements of enterprise, military or government organizations. DCI's experience has earned them the reputation as a respected Homeland Security solution provider with a host of innovative proprietary technologies. The Company's Data division is a multi-regional manufacturer of electronic cable assemblies used in providing connectivity solutions for customers operating a wide range of data systems. The Data division adds value by providing connectivity solutions, which may also include distributed sales of passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels A group of sockets used to connect incoming and outgoing lines in communications and electronic systems. Patch panels allow for manually wiring the connections with small cables (patch cords), rather than automatic switching. , and active components including hubs, bridges, routers, gateways and modems. For more information on Defense Technology Systems, Inc. visit: www.defensetechnologysystems.com. DCI Corporation information is available at www.dci-corp.com. This press release contains statements (such as projections regarding future performance) that 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. 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. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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