DHB Industries Chairman & CEO on paid administrative leave

11 Jul '06

3 min read

The Company does not intend to appeal the Amex staff's determination and can give no assurance that trading in its stock will continue on the Pink Sheets or in any other forum. However, it has contracted the services of AlixPartners to assist it in completing its financial statements and is working to fulfill its obligations to regain compliance on other matters, as filed with the SEC, and may seek relisting on the Amex or another exchange when these processes are complete.

Commenting on today's announcement, General (Ret.) Larry Ellis, President, CAO and acting CEO, stated, "All of us at DHB are working diligently to address the issues at hand and restore confidence in our company and its leadership. I fully believe in the quality of our products and our importance to the United States Armed Forces and law enforcement personnel who wear our protective body armor each and every day.

That is why I have agreed to take on the role as acting CEO. Collaboratively, with the support of the talented and committed leaders of our organization, it is our goal to restore shareholder value over the long-term."

DHB Industries Inc is in the protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc and Protective Apparel Corporation of America (PACA), 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.

DHB Industries Inc

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