EXHIBIT 99.1
NEWS FROM DHB INDUSTRIES, INC.
2102 SW 2nd Street * Pompano Beach, FL 33069
Tel: 954-630-0900 * www.dhbindustries.com
COMPANY CONTACT: Media Relations/Investor Relations
Glenn Wiener
212-786-6013
pr@PBSInc.com or ir@PBSInc.com
DHB INDUSTRIES ANNOUNCES NAME CHANGE
POMPANO BEACH, FLORIDA, OCTOBER 2, 2007 - Today, DHB Industries, Inc. (OTC Pink
Sheets: DHBT.PK), a leader in the field of protective body armor, announced it
changed its corporate name to Point Blank Solutions, Inc. Shares of the
Company's common stock will continue to trade in the over-the-counter market and
quoted on the Pink Sheets under the symbol DHBT.PK until further notice. The
Company adopted the new URL of www.PointBlankSolutionsInc.com.
The name change was effected pursuant to Section 253 of the Delaware General
Corporation Law, by the merger of Point Blank Solutions, Inc., a wholly owned
subsidiary of the Company, with and into the Company. The merger became
effective on October 1, 2007 at the time of a Certificate of Ownership and
Merger was filed with the Secretary of State of the State of Delaware.
In addition, the Company changed the name of NDL Products, Inc. (one of its
operating subsidiaries) to Life Wear Technologies, Inc., effective immediately.
Life Wear Technologies manufactures and distributes sports medicine, health
support devices and other products for use by serious athletes, weekend sports
enthusiasts and general consumers.
Larry Ellis, President and CEO stated, "Over the past year we developed and
began implementing a strategy to enhance current operations into a strong
platform for future growth. In changing the name of the Company to Point Blank
Solutions, Inc, we are aligning our corporate name with our vision to become the
global leader in safety apparel and protective solutions. The planned growth in
sports medicine and health support products is an important facet of the overall
corporate strategy. As such, we changed the name of the business to Life Wear
Technologies, Inc. By doing so, we seek to give the Company a name and brand
that will afford great opportunities in the future and become an excellent
moniker for our planned product line expansion."
ABOUT POINT BLANK SOLUTIONS, INC.
Point Blank Solutions, Inc. is a worldwide leader in the design and production
of technologically advanced body armor systems for the U.S. Military, Government
and law enforcement agencies, as well as select international markets. The
Company is also recognized as the largest producer of soft body armor in the
U.S. With state-of-the-art manufacturing and laboratory testing facilities,
strategic technology and marketing alliances, and an ongoing commitment to drive
innovation, Point Blank Solutions has proven that it can deliver the most
advanced body armor solutions, quicker and better than anyone in the industry.
The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL,
Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about Point
Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.
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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... 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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