Defense Technology Systems's DCI Subsidiary Awarded Server Development Contract By German Integrator For Armored Personnel Carrier.HAUPPAUGE, N.Y. -- Initial Contract Valued at $100,000 with Potential for $1 Million In Additional Revenue for 2005 Defense Technology Systems (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 its newly acquired 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. subsidiary, has been awarded an initial order by a German integrator for $100,000 to design, engineer and develop a server for use in a French military armored personnel carrier (APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ). The servers are currently undergoing evaluation by the end-user which may lead to a follow-on production order for an additional 90 units for delivery in late 2005. The follow-on contract value is projected to be $1 million. Daniel McPhee, 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 Technology Systems, said, "We are please about this acquisition for the company and our shareholders. We anticipate that this order will represent the first of many exciting opportunities. Most of the revenue of this initial order will be recognized in the current quarter." Bud Maciekowicz, President of DCI, added, "We are in negotiations on several additional contracts internationally and domestically, which we hope to announce this quarter. It is clear that DCI has a tremendous opportunity to build a rapidly growing business in the 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 and Defense sectors along with DFTS." 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 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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