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Force Protection, Inc. Announces Reverse Company Stock Split; Armored Vehicle Manufacturer Opens Door for More Diverse Public Investment.


LADSON, S.C. -- Force Protection, Inc., (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:FRCP FRCP Fellow of the Royal College of Physicians.

FRCP
abbr.
Fellow of the Royal College of Physicians
), the leading manufacturer of blast-protected vehicles deployed with U.S. forces in Iraq, announced today a 12-for-1 reverse split of the company's common stock. Shareholders approved the action at the company's annual meeting on December 30, 2004.

"The reverse split is the next important step for Force Protection as it continues its robust growth," said 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.  Scott Ervin. "It will result in the conversion of all Series B and C stock to common stock and enable us to reduce the number of outstanding shares."

The split will be effective when the market opens on February 4, 2005. Force Protection's ticker symbol Ticker Symbol

An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors
 will change to FRPT FRPT Force Protection, Inc. (stock symbol) . The Board of Directors has amended the company's restated Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof.  to effect the split, which will affect all outstanding shares of Force Protection common stock, including those shares underlying outstanding stock options immediately prior to the effective date.

"We are confident the reverse split is in the best interest of both Force Protection and its shareholders," said Chief Financial Officer Tom Thebes. "It is our strong desire that shareholders benefit from a capital structure more appropriate to the company and its future potential. This change will open the door to a more diversified and serious investment interest, and will position the company for future growth."

Ladson, S.C.-based Force Protection, Inc. produces two classes of armored 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.
 series is a family of medium-size mine-protected vehicles that can be supplied in four-wheel or six-wheel models. The vehicles can be configured for a wide range of tasks including troop transport of up to 10 personnel, Explosive Ordnance Disposal The detection, identification, on-site evaluation, rendering safe, recovery, and final disposal of unexploded explosive ordnance. It may also include explosive ordnance which has become hazardous by damage or deterioration. Also called EOD.  (EOD EOD

abbreviation for every other day; used in medical records.
), command and control, reconnaissance and lead convoy vehicle.

The Buffalo, a clearance vehicle, has been approved by the Pentagon to be part of a newly devised hunter-killer team concept that will lead convoys against the threat of mines and IEDs. The Buffalo incorporates blast protection technology with automotive components made by such companies as Caterpillar Inc. (NYSE NYSE

See: New York Stock Exchange
:CAT), Allison Transmission, a division of General Motors (NYSE:GM) and Mack Trucks, Inc., a division of Volvo Group (Nasdaq:VOLVY). More than 20 Buffalo vehicles are in active operation in Iraq.

(This release replaces the Force Protection, Inc. February 3, 2005 release to include the correct ticker symbol.)

About Force Protection, Inc.

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 technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information, visit http://www.forceprotectioninc.com.

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. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other 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). 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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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 4, 2005
Words:593
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