Force Dynamics, LLC Announces New Board Appointments.Damon Walsh named as Chairman Daniel Busher named as Director LADSON, S.C. -- Force Dynamics, LLC-the joint venture company of Force Protection, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FRPT FRPT Force Protection, Inc. (stock symbol) ) and General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. Land Systems (NYSE NYSE See: New York Stock Exchange :GD)-today announced that Damon Walsh has been named Chairman, and that Daniel Busher has been unanimously selected as a new member of its board of directors. The appointments were effective March 3, 2008. The remaining members remain unchanged with Mark Roualet as Vice Chairman; Susan Young as Treasurer, and; Richard Hamilton and John Gonias as members at large. Mr. Walsh served as a career officer in a wide variety of U.S. Army staff and command positions before joining Force Protection. He is a Level III Certified Acquisition Professional as well as a Certified Professional Contracts Manager with more than 25 years experience in both the operational Army and Acquisition communities. Mr. Walsh holds a Master's Degree in Management from the U.S. Naval Postgraduate School The Naval Postgraduate School is a graduate school operated by the United States Navy. Located in Monterey, California, it grants primarily master's degrees plus some doctoral degrees to its students, who are mostly active duty officers from U.S. and foreign military services. and is a graduate of the Army Command & General Staff College. He is also a veteran of Operations Desert Shield/Desert Storm, Provide Comfort, Uphold Democracy, and Iraqi Freedom. "Damon's leadership in Force Protection's customer operations has been critical to our success," said Michael Moody, Chairman and Chief Executive Officer of Force Protection. "His expertise gleaned from decades of experience in the military's acquisition and contracts operations are invaluable to our continued successful customer relationships. We look forward to his leadership on the Force Dynamics board." "I am honored by this position with Force Dynamics," said Walsh. "Force Dynamics is uniquely positioned to bring Force Protection's best-in-class blast protection technology and General Dynamic's unmatched production infrastructure to bear in supporting the war fighter with the best blast and ballistic protected products available. Working with Mark, Dan, and the other board members, we look forward to a bright future and continuing to find ways to broaden the scope of our success by expanding our customer base and taking advantage of the tremendous enterprise we've created to date." Mr. Busher has more than 20 years of international business experience in the automotive industry. Prior to joining Force Protection in 2006, he was an executive of materials for North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Automotive Operations within Alcoa. He also served as a member of the GM Saturn Corporation start-up team that implemented revolutionary new labor agreements and lean manufacturing methods from early concept to full production. Mr. Busher earned his Bachelor's of Science Degree in Mechanical Engineering from the University of Wisconsin. He also holds an Executive MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , Beta Gamma Sigma Beta Gamma Sigma or ΒΓΣ is an honor society for business students and scholars. Founded in 1913 at the University of Wisconsin, it has over 580,000 members, selected from 460 chapters in AACSB-accredited business schools. honors, from the Owen School at Vanderbilt University. "We are very pleased with Dan's contributions to Force Protection's operations management," said Moody. "His expertise and record of success in the automotive industry, particularly in implementing innovative technology, is a crucial fit for Force Dynamics' ongoing objectives and will help ensure that the company maintains its competitive advantage in producing the finest tactical wheeled vehicles possible." About Force Protection, Inc. Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability sur·viv·a·ble adj. 1. Capable of surviving: survivable organisms in a hostile environment. 2. That can be survived: a survivable, but very serious, illness. equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company's specialty vehicles, the Cougar cougar: see puma. cougar or puma or mountain lion or panther Species (Puma concolor) of large, graceful cat that lives in a wide variety of habitats in the Americas, from southern Alaska to Patagonia. and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire In insurance law, a combustion that cannot be controlled, that escapes from where it was initially set and confined, or one that was not intended to exist. A hostile fire differs from a friendly fire, which burns in a place where it was intended to burn, such as one confined , and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military's Mine Resistant Ambush Protected, or MRAP MRAP Mine Resistant Ambush Protected (military vehicle) MRAP Mouvement contre le Racisme et Pour l'Amitié entre les Peuples (French antiracism movement) MRAP Melanocortin-2 Receptor Accessory Protein , vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net. 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. Language This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements, including statements relating to the Company's ability to diversify its business, the Company's ability to improve its performance, and the change of the culture of the Company. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company's future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law. |
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