Defense Technology Systems Inc. Announces New CEO Russell Medina; Company Repositions as Homeland Security Innovator with Annual Report to Show 1st Revenue from Recent Acquisition.DALLAS -- Defense Technology Rebuilds through 2005 and Enters Strategic Relationship to Grow Aggressively with NewMarket Technology Inc. in 2006 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 ) today announced Russell Medina as the new Chief Executive Officer. Mr. Medina's appointment represents another landmark event in Defense Technology's rebuilding and repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. as a 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 Innovator. Mr. Medina will also join the Defense Technology Board of Directors. Mr. Medina has consulted with NewMarket Technology Inc. (OTCBB:NMKT) over the last two years and was instrumental in the development of NewMarket's Homeland Security strategy that led to the combination of NewMarket and Defense Technology's Homeland Security operations earlier this year. Revenue from this acquisition will be reflected in Defense Technology's upcoming Annual Report filing. Mr. Medina brings a wealth of defense industry experience to the Company as a retired career Army Officer and 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, N.Y. His distinguished military career is highlighted by his experience procuring special systems for various projects with the Department of Defense (DoD) that included integration with all military services, as well as other government agencies. His military experience in battlefield communications led him to a successful post-military telecommunications career concentrated in the introduction of new products and services. Mr. Medina has 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. experience with an emphasis in early financing of new business ventures. "Mr. Medina is the right choice to lead Defense Technology Systems' repositioning as a Homeland Security Innovator," said Dan McPhee, the outgoing CEO. "His military systems experience combined with his background in high growth new ventures is the right set of skills to lead Defense Technology in its next stage of development and growth." "I am excited to join Defense Technology's team," said Mr. Medina. "The terrorist threat has changed defense strategies and the defense system requirements To be used efficiently, all computer software needs certain hardware components or other software resources to be present on a computer system. These pre-requisites are known as (computer) system requirements and are often used as a guideline as opposed to an absolute rule. to support new strategies. A need for a nimble defense technology innovator has arisen. The Defense Technology team has identified and repositioned for that need. I have the good fortune of coming into a business already poised for rapid growth." About Defense Technology Systems, Inc. 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 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: 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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