Force Protection's Statement on PVI's Response to Lawsuit.LADSON, S.C. -- Force Protection Industries, 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) ) announced today that its lawsuit against Protected Vehicles, Inc. for computer fraud, misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of trade secrets, and copyright infringement Noun 1. copyright infringement - a violation of the rights secured by a copyright infringement of copyright plagiarisation, plagiarization, piracy, plagiarism - the act of plagiarizing; taking someone's words or ideas as if they were your own was answered by a lengthy list of "meaningless counterclaims that misrepresent mis·rep·re·sent tr.v. mis·rep·re·sent·ed, mis·rep·re·sent·ing, mis·rep·re·sents 1. To give an incorrect or misleading representation of. 2. the facts and distract from the serious particulars of the case," according to John Wall, attorney for Force Protection. "Force Protection's suit against Protected Vehicles is simple and unambiguous," said Wall. "It is about former principals of Force Protection who took property -- both physical and intellectual -- from the company when they resigned to allegedly form a competitive enterprise, and then used that property in violation of copyright laws and other fair business practices." Attorneys for Force Protection dismiss the answers and counterclaims made by Protected Vehicles as an "attempt to obfuscate To make unclear or confuse. See obfuscator and e-mail obfuscator. the facts and threaten" the leading manufacturer of blast-protected vehicles for U.S. armed forces. "Principals of Protected Vehicles have already admitted on record to taking property belonging to Force Protection, including computer hard drives with intellectual property," said Wall. "This was property purchased and developed by Force Protection. This case is no more complex than that, and the counterclaims made by Protected Vehicles are nothing more than stale accusations that have already been addressed thoroughly and satisfactorily by Force Protection and outside agencies." About Force Protection Inc Force Protection, Inc. (NASDAQ: FRPT) is a leading manufacturer of Mine Resistant Ambush Protected vehicles (MRAP), which have been used to support armed forces and security personnel in Iraq, Afghanistan, Kosovo and other hot spots around the world. . Force Protection, Inc., first to answer the call to duty for the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat and an American company whose vehicles, 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 Buffalo, have a proven track record where it matters most; in the battlefield, manufactures ballistic- and mine-protected vehicles through its wholly-owned subsidiary. These specialty vehicles protect against 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). 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, visit www.forceprotection.net. 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. 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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