DHB Inc provides update on a variety of corporate matters
25 Dec '06
3 min read
The Company also is negotiating now with lenders and other financing parties to make sure the Company's capital structure is appropriate for its business needs, while working with both internal and external auditors to complete the review of potential restatements of prior periods.
The Company has made significant progress in this effort and is now in a position to provide some updates on its financial performance through October 31, 2006 and to communicate a timeline for making financial statements available.
"Several shareholders have asked me why I have stayed with this Company given the uncertainty and the challenges we have faced. The Company's underlying business is solid, and I want to develop its full potential. On a personal note, as some of our shareholders may know, I retired from the U.S. Military after more than 35 years of service."
"As a soldier, I wore our products; my daughter is a soldier currently serving in Afghanistan and is wearing our products; a majority of the men and women of this nation with whom I have had the honor to serve wear and trust our products. We have received many letters from soldiers and law enforcement officers thanking us for saving their lives. That's why I will continue to stand by this company. We are making a difference, and I believe strongly in our future."
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