Corporate News
Working Capital Statement
The Company acknowledges that the balance sheet conditions that existed at year end, announced on June 23, 2009, have not yet been remedied. Efforts are underway to do so and all other aspects of the announcement of preliminary results remain as previously stated. Success in some of these efforts in the next few months is necessary to rectify the situation. The Company has a high degree of confidence that these efforts will be successful and that the position will be resolved in the next few months. The Company will keep the market updated as to its progress.
For further information please contact:
| Armor Designs, Inc. | |
| Phil Clement, Interim CEO | Tel: +1 602 275 4633 |
| Phil.Clement@armordesigns.com | www.armordesigns.com |
| ZAI Corporate Finance Limited | |
| Graeme Thom / Thilo Hoffman | Tel: +44 (0) 20 7398 2900 |
| thiloh@zimmint.com | www.zimmint.com |
Media enquiries:
| Brunswick Group LLP | |
| Michael Harrison / Chris Blundell / Camilla Gore | Tel: +44 20 7404 5959 |
| adi@brunswickgroup.com | www.brunswickgroup.com |
Notes to editors:
Armor Designs, Inc. ("ADI") is a knowledge-based company specializing in next-generation composite material design, manufacture, prototyping and testing for applications and products for the armor industry. ADI uses a proprietary design and manufacturing process called VCM to rapidly develop new composite armor products of superior ballistic, weight and flexibility. The VCM process is protected by patents and trade secrets licensed to ADI in perpetuity for use in field of armor. For more information on Armor Designs, Inc., please go to www.armordesigns.com
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