Corporate News
Extension to Warrant Exercise Term
Armor Designs Inc. (the "Company"), the knowledge based designer and manufacturer of composite armour, announces that the Board of Directors has agreed to extend the exercise term of the outstanding pre-IPO (prior to December 31, 2007) warrants ("Warrants") over 1,822,500 common shares of US$0.001 each in the Company ("Common Shares") from 31 December 2009 to 31 December 2010.
The Warrants are exercisable at a subscription price of US$12.50 per Common Share and were granted to the holders of Bonds that converted into common shares of the Company upon the Company's first admission to AIM on 31 December 2007.
For further information please contact:
| Armor Designs, Inc. | |
| Phil Clement, Interim CEO | Tel: +1 602 275 4633 |
| Phil.Clement@armordesigns.com | www.armordesigns.com |
| Shore Capital and Corporate Ltd | |
| Guy Peters | 020 7408 4090 |
| Guy.peters@shorecap.co.uk |
Media enquiries:
| Brunswick Group LLP | |
| Michael Harrison/Chris Blundell/Ekaterina Alferova | Tel: +44 20 7404 5959 |
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 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
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