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Defense Industries International Announces a $2.2 M Order from The Israeli Defense Ministry
(ASHKELON, Israel, February 22, 2007) -- Defense Industries International, Inc. (OTCBB: DFNS), a leading manufacturer and global provider of personal military and civilian protective equipment and supplies, today announced that it has received orders totaling $2.2 million for tactical vests from the Israeli Defense Ministry. The orders are the result of winning tenders and are expected to be delivered by July 2007. These orders follow the $4.7 million orders from the Israeli Defense Ministry for: bulletproof vests, personal gear and dry storage units, which was already announced on January 17th.
Joseph Postbinder, CEO of Defense Industries, said: "We are pleased with this new orders. We believe that there is a very good chance that we will be granted with an additional share of app. 20% in excess to the $2.2M we were granted. As we noted about a month ago when we announced the first round of orders from the Defense Ministry, we are witnessing a shift in attitude from the Israeli Defense Ministry towards the significance of personal military protective equipment. We are optimistic and continue to foresee significant growth opportunities in the domestic market segment in 2007 and beyond."
Source : Defense Industries International
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