BlastGard International Reports Second Quarter 2009 Results
August 14 2009 - 4:00PM
Marketwired
BlastGard International (OTCBB: BLGA) reported financial results
for the quarter ended June 30, 2009.
Revenues for the second quarter were $707 compared to $8,324
reported in the second quarter of 2008. For the second quarter of
2009, BlastGard International reported a net loss of $194,577 or
$(0.00) per share based on the weighted average of 46,765,900
shares outstanding compared to a net loss of $387,717 or $(0.01)
per share reported in the second quarter of 2008 based on the
weighted average shares outstanding of 40,013,544. Our ability to
continue as a going concern requires the immediate raise of capital
from the sale of capital stock, debt borrowings and/or immediate
revenues from operations. We can provide no assurances that we will
be able to raise capital from the sale of our capital stock or
borrow money on terms satisfactory to us, if at all, or obtain
sufficient cash flow from operations.
About BlastGard International, Inc.
BlastGard International, Inc. creates designs, develops,
manufactures and markets proprietary blast mitigation materials.
The Company's patent-pending BlastWrap® technology effectively
mitigates blast effects and suppresses post-blast fires. This
unique technology is being used to create new, finished products or
to retrofit to existing products. BlastWrap® is a market leading
product from which blast protection solutions are built to save
lives and reduce damage to valuable assets from explosions.
Additional information on BlastGard can be found at
http://www.blastgardintl.com.
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by
management are not necessarily the most likely and may not
materialize. In addition, other important factors that could cause
actual results to differ materially include the following: the
Company's ability to market its products; the Company's ability to
obtain additional funding; the Company's ability to obtain
regulatory approvals on new products, the general economy;
competitive factors; ability to attract and retain personnel; the
price of the Company's stock; and other risk factors. The Company
takes no obligation to update or correct forward-looking
statements.
Company Contact: BlastGard International, Inc. Michael J. Gordon
(727) 592-9400
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