EXHIBIT 99.1
DHB NEWS FROM DHB INDUSTRIES INC
INDUSTRIES INC. 2102 SW 2nd Street * Pompano Beach, FL 33069
LOGO Tel: 954-630-0900 * www.dhbindustries.com
COMPANY CONTACT: Media Relations/Investor Relations
Glenn Wiener
212-786-6013
pr@dhbt.com or ir@dhbt.com
FOR IMMEDIATE RELEASE
DHB INDUSTRIES ANNOUNCES THE APPOINTMENTS OF
DAVID BELL AND MAURICE HANNIGAN TO ITS BOARD OF DIRECTORS
POMPANO BEACH, FLORIDA, NOVEMBER 28, 2006 - DHB Industries Inc. (OTC
Pink Sheets: DHBT.PK), a leader in the field of protective body armor, announced
today the appointments of David Bell and Maurice ("Maury") J. Hannigan to its
Board of Directors.
DAVID BELL - Mr. Bell is Chairman Emeritus of the Interpublic Group, a
public company and one of the world's leading organizations of advertising
agencies and marketing services companies, a position he has held since January
2005. Mr. Bell was Chief Executive Officer of Interpublic from 2003 to 2005 and
joined the Company as Vice Chairman in 2001. Previously, Mr. Bell was Chairman
and Chief Executive Officer of True North Communications Inc., a public company,
and prior to that was President and CEO of Bozell Worldwide. He came to Bozell
in 1975 when the agency acquired Knox Reeves Advertising, where he had been
President since 1972.
A member of the Ad Council's Board of Directors since 1997, Bell served
as its Chairman from June 2002 until May 2003. Bell also served as Chairman of
the American Association of Advertising Agencies in 1996-1997 and was a two-time
Chairman of the American Advertising Federation. He is currently Chairman of the
Advertising Educational Foundation and of PRO-AD PAC, the industry's Political
Action Committee. Additionally, Mr. Bell serves on the Board of Directors of
Primedia Inc. and as an independent director for Warnaco Group, Inc., both
public companies. Mr. Bell is a graduate of Macalester College in St. Paul,
Minnesota and went on to become the college's youngest trustee. He received both
the Macalester College Distinguished Alumni Award and its Charter Centennial
Medallion.
MAURICE HANNIGAN - Mr. Hannigan enjoyed a thirty-one year career with
the California Highway Patrol, holding a variety of positions, including the
last 7 years as Commissioner, before retiring in 1995. Since his retirement, Mr.
Hannigan has been involved in a number of academic and advisory programs and
currently sits on the Board of Directors of the National Executive Institute
Associates of the Federal Bureau of Investigation Academy in Quantico, Virginia.
He is a member of the Advocates for Highway Safety Committee, California Peace
Officer's Association and the State and Provincial Division of the International
Association of Chiefs of Police, where he served as Chairman from 1993-1995.
Mr. Hannigan also was Chairman of the NAFTA Law Enforcement
Sub-Committee of the U.S. Department of Transportation from 1993-1995, Chairman
of the 1988 U.S. Surgeon General's Workshop on Driving Under the Influence, Law
Enforcement Group and Chairman of the Occupant Restraint Committee, a Traffic
Safety Summit sponsored by the U.S. Secretary of Transportation. He holds a
Bachelor of Arts from Golden Gate University in the Administration of Justice
program, in addition to several other educational honors.
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Senator William Campbell, DHB's Chairman of the Board stated, "We are
honored to have added both David Bell and Maury Hannigan to our Board of
Directors. David's expertise in the areas of business management and marketing
will be a tremendous asset to our organization, and he is recognized as a highly
distinguished and reputable business executive. Maury has enjoyed a long and
diverse career in the law enforcement community and has strong ties within our
target market, both with law enforcement personnel and federal agencies. We are
delighted to have them on board as we continue to strengthen our organization
and position our company as a leader in our industry."
Concurrent with these two appointments, DHB Industries elected to
increase the Board of Directors from six to eight members, of which seven are
independent Directors.
ABOUT DHB INDUSTRIES INC
DHB Industries Inc.'s highly recognized subsidiaries, Point Blank Body Armor,
Inc. (www.pointblankarmor.com) and Protective Apparel Corporation of America
(PACA) (www.pacabodyarmor.com) are in the protective body armor industry and are
focused on the design, manufacture, and distribution of bullet resistant and
protective body armor for military, law enforcement, and corrections in the U.S.
and worldwide. Company subsidiary NDL Products, Inc. (www.ndlproducts.com)
produces and markets a comprehensive line of athletic supports and braces which
are merchandised through national superstore chains, as well as through private
label distributors.
The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL,
Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about DHB
Industries Inc. visit the website at (www.dhbindustries.com).
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: THE STATEMENTS WHICH ARE NOT HISTORICAL FACTS CONTAINED IN THIS PRESS
RELEASE ARE FORWARD-LOOKING STATEMENTS, WHICH ARE BASED LARGELY ON THE COMPANY'S
EXPECTATIONS AND ARE SUBJECT TO VARIOUS BUSINESS RISKS AND UNCERTAINTIES,
CERTAIN OF WHICH ARE BEYOND THE COMPANY'S CONTROL. WORDS SUCH AS "EXPECTS,"
"ANTICIPATES," "TARGETS," "GOALS," "PROJECTS," "INTENDS," "PLANS," "BELIEVES,"
"SEEKS," "ESTIMATES," VARIATIONS OF SUCH WORDS, AND SIMILAR EXPRESSIONS ARE
INTENDED TO IDENTIFY SUCH FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING
STATEMENTS ARE ONLY PREDICTIONS THAT SPEAK AS OF THE DATE HEREOF AND ARE SUBJECT
TO RISKS, UNCERTAINTIES AND ASSUMPTIONS THAT ARE DIFFICULT TO PREDICT.
THEREFORE, ACTUAL RESULTS MAY DIFFER MATERIALLY AND ADVERSELY FROM THOSE
EXPRESSED IN ANY FORWARD-LOOKING STATEMENTS. FACTORS THAT MIGHT CAUSE OR
CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, (1) EXPECTATIONS
AS TO THE TIMING OF THE FILING OF THE REPORT ON FORM 10-K FOR THE FISCAL YEAR
ENDED DECEMBER 31, 2005 AND THE QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY
PERIOD ENDED MARCH 31, 2006, (2) ANY LISTING REQUIREMENTS WHICH MAY BE
PRESCRIBED OR ANY DETERMINATION WHICH MAY BE MADE BY THE AMERICAN STOCK
EXCHANGE, (3) UNCERTAINTY OF FUTURE FINANCIAL RESULTS, (4) ADDITIONAL FINANCING
REQUIREMENTS, (5) DEVELOPMENT OF NEW PRODUCTS, (6) GOVERNMENT APPROVAL
PROCESSES, INCLUDING APPROVAL OF THE SETTLEMENT BY THE COURT, (7) THE IMPACT OF
COMPETITIVE PRODUCTS OR PRICING, (8) TECHNOLOGICAL CHANGES, (9) THE EFFECT OF
POLITICAL AND ECONOMIC CONDITIONS, (10) THE OUTCOME AND IMPACT OF LITIGATION TO
WHICH THE COMPANY IS A PARTY AND THE SECURITIES AND EXCHANGE COMMISSION AND
OTHER INVESTIGATIONS REGARDING THE COMPANY, AND (11) OTHER UNCERTAINTIES
DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.
YOU ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING
STATEMENTS THAT SPEAK ONLY AS OF THE DATE HEREOF. THE COMPANY UNDERTAKES NO
OBLIGATION TO REVISE OR UPDATE PUBLICLY ANY FORWARD-LOOKING STATEMENTS TO
REFLECT ANY CHANGE IN THE EXPECTATIONS OF OUR MANAGEMENT WITH REGARD THERETO OR
ANY CHANGE IN EVENTS, CONDITIONS, OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS
ARE BASED.
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