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Point Blank accepts U.S. Army's offer on corrective action

02
Dec '08
Point Blank Solutions, Inc., a leader in the field of protective body armor, today announced that the Company is back in consideration for possible awards under the Army's Solicitation W91CRB-07-R-0079 (the “Solicitation”).

Following a hearing and discussions between the U.S. Army's contracting office and the United States Government Accountability Office (“GAO”), the U.S. Army decided to do additional testing and based on the results of the testing to reconsider its decision to eliminate Point Blank from further consideration for awards under the Solicitation. As a result, Point Blank withdrew its protests, the first of which was filed on September 5, 2008.

Larry Ellis, President and CEO stated, “We are pleased with the Army's decision and look forward to continuing our relationship as one of their most trusted suppliers. We remain steadfast in our belief that we have a high quality, proven solution and most important, a competitive bid that will put us in position for consideration.

We are currently producing the Improved Outer Tactical Vest (“IOTV”) for the U.S. Army and remain committed to providing the world's best protection to America's soldiers.”

ABOUT POINT BLANK SOLUTIONS:
Point Blank Solutions, Inc. is a 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 believes 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.



Point Blank Solutions


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