Force Protection, Inc. Announces Move to NASDAQ Capital Market.LADSON, S.C. -- Force Protection, Inc. today announced that it has been approved to list its securities on the NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for . The armored vehicle manufacturer will retain its FRPT FRPT Force Protection, Inc. (stock symbol) trading symbol Trading symbol See: Ticker symbol . The Company's 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 listing will be effective and commemorated by Force Protection at an Opening Bell Ceremony in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on January 18, 2007. "We are extremely excited about this move," said Force Protection 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. Gordon McGilton. "The NASDAQ listing is the result of our on-going efforts to provide what we believe will be a more stable investment opportunity in our Company." Force Protection, which has traded on the Over the Counter Bulletin Board since 2003, has experienced substantial corporate growth in the past year. Partnering agreements with other leading defense industry manufacturers such as Armor Holdings and BAE Systems, as well as a recently announced joint venture company with General Dynamics Land Systems, have been made to merge Force Protection's proprietary designs with the manufacturing capacity necessary to meet increasing demand. Shareholders do not need to take any action as a result of the NASDAQ Capital Market listing. Company stock certificates will remain valid. Force Protection's Buffalo and 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. mine-protected vehicles have been deployed with U.S. and Allied forces since 2003. About Force Protection Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, go to www.forceprotection.net. This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov) and the company's other public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law. |
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