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PACA bags body armor contract from GSA
23
Apr '08
Point Blank Solutions Inc a leader in the field of protective body armor, announced that it received a new, $13.5 million contract from the U.S. Department of the Army, Joint Contracting Command-Iraq.

The Company's wholly owned subsidiary, Protective Apparel Corporation of America (PACA) received the award through the U.S. General Services Administration (GSA) and will begin production immediately.

This new purchase and delivery order is for approximately 42,500 Level IIIA concealable, ballistic vests, along with Level IV plates that can be utilized with any level and model soft body armor vest.

The packages produced are designed to stop small arms fire, and are equipped with large, integrated front and rear plate pockets for protection against high velocity rifle rounds. The Company expects to complete the order by August
2008.

Larry Ellis, President and CEO, stated, "We are proud that our protective solutions continue to be chosen by the United States and our allies.

This particular award is one of many international and domestic solicitations our Company is actively pursuing and I am confident that our strategy will result in increased orders in both the near and long-term.

Through 2008, PACA has received approximately $17.5 million in new orders, ahead of its forecast for the full year. All of our subsidiaries are well positioned to capture increased market share, and I am confident that we have the right plan in place to unlock our Company's full potential."

Point Blank Solutions Inc


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