News Flash

DHB Industries announces name change

02 Oct '07

2 min read

DHB Industries Inc 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 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."

DHB Industries Inc

More DHB Industries Inc News... More Apparel/Garments News - United States Of America...