Corporate News
Director's share dealings
Armor Designs, Inc., ("ADI", or the Company"), the developer of next-generation composite armour, announces that Hawthorne & York International, Ltd.("HYI"), principal shareholder, is transferring 3,000,000 of its ADI shares, equal to 11% of the total shares outstanding in the Company, into a securities investment portfolio account. HYI has not divested any shares. HYI is owned and controlled by Dr James St Ville, the Chairman of the Board of Directors of ADI.
The securities investment portfolio account into which the shares have been transferred enables borrowing against all shares within this portfolio account and, therefore, from time-to-time, some or all of the shares within this portfolio account, including some ADI shares, could be subject to creditor liability.
For further information please contact:
| Armor Designs, Inc. | |
| Charles Snyder, CEO | Tel: +1 602 275 4633 |
| charles.snyder@armordesigns.com | www.armordesigns.com |
| Zimmerman Adams International Limited | |
| Graeme Thom / Mira Shukanayeva | Tel: +44 20 7060 1760 |
| Alexander David Securities Limited | |
| David Scott / Nick Bealer | Tel: +44 20 7448 9820 |
| Brunswick Group LLP | |
| Michael Harrison/ Chris Blundell/ Camilla Gore | Tel: +44 20 7404 5959 |
Notes to editors
Armor Designs, Inc. ("ADI") is a knowledge-based company specialising in next-generation composite material design, manufacture, prototyping and testing for applications and products for the armour industry. ADI uses a proprietary design and manufacturing process called VCM to rapidly develop new composite armour 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 armour.
For more information on Armor Designs, Inc., please go to www.armordesigns.com
Disclaimer - important
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