BlastGard International Announces Special Meeting in Lieu of Annual Shareholder Meeting
June 30 2011 - 9:00AM
BlastGard International, Inc. (OTCBB:BLGA) ("BlastGard" or the
"Company") and its recently acquired subsidiary HighCom Security,
Inc. ("HighCom"), a worldwide security equipment manufacturer,
announce that its Special Meeting in Lieu of Annual Shareholders
Meeting will be held at 10:00 a.m. local time on Friday, July 29,
2011, at the National Properties Trust Building, 2451 McMullen
Booth Road, Clearwater, Florida 33759. In order to attend the
Annual Meeting, you need to be a registered shareholder or a
beneficial holder as of the close of business on the record date,
June 27, 2011. You may also attend if you hold a valid proxy for
the Annual Meeting.
All attendees should be prepared
to present photo identification for admission.
BlastGard is also pleased to announce the successful
reorganization and consolidation of HighCom Security operations
which draw on BlastGard and HighCom's core strengths to ignite
further innovation, strengthen competitiveness, improve
profitability, and position BlastGard as a major contender for
military and defense armor and blast mitigating programs. A number
of key initiatives have been completed since BlastGard took over
ownership and control of HighCom. At the heart of the key
initiatives were the restrictions placed on HighCom's export
authority and the listing as an excluded party. As of March 29th
2011 HighCom received notification from the U.S. State Department,
Directorate of Defense Trade Controls, of their decision to
reinstate HighCom's export authority based on the actions taken to
restructure and improve future controls for compliance. As of April
26th 2011 HighCom received notification from the Department of the
Army, Army Legal Services Agency, of their decision to reinstate
HighCom's export authority based on the actions taken to
restructure and improve future controls for compliance. Other key
events were completed as well. As of March 1st 2011 BlastGard
relocated and consolidated the research, development, testing, and
distribution to a single site facility in Columbus, OH. The
new facility is located minutes from the Columbus International
Airport and less than five miles from the U.S. Government DFAS
Columbus center. As of March 21st 2011 HighCom received continuing
assessment and approval of their ISO certification. As of April
29th 2011 BlastGard secured an exclusive contract agreement from a
key sub contract facility where they will continue to produce hard
armor products and ballistic shields. As of May 1st 2011 BlastGard
completed the closure and relocation of HighCom's San Francisco
corporate office to BlastGard's Clearwater, FL location. The
company considers this a major victory in cutting all non-essential
spending and refocusing capital investment towards strategic key
products and sales opportunities to generate long term growth for
the combined companies.
Michael Bundy, COO for BlastGard stated, "The steps taken in the
past ninety days show the true strength and commitment by the new
BlastGard management team to revitalize a U.S. based armor
producer. Our shared vision and determination has been a major
reason why we have been able to reach our restructuring goals much
quicker than originally anticipated. Now, with these key
initiatives completed, we are prepared to hit the global market
tomorrow with Made in the USA NIJ certified ballistic plates and
other defense related products."
About BlastGard International, Inc.
BlastGard International, Inc., doing business as BlastGard
Defense Group, manufactures and markets proprietary blast
mitigation materials through BlastGard International and designs,
manufactures and distributes a unique range of leading security
products and personal protective gear through HighCom Security. The
Company's patent-pending BlastWrap® technology effectively
mitigates blast effects and suppresses post-blast fires. This
unique technology can be used to create new, finished products or
be used to retrofit to existing products. BlastGard's core market
focus is on blast effects mitigation for the commercial sector,
military, law enforcement and government agencies. HighCom provides
a wide range of security products and personal protective gear
(including tactical armor) that are tailored and offer protection
solutions to specific customer requirements. Given the equipment
and ballistic protection solutions provided by HighCom, compliance
with the U.S. Department of Commerce, U.S. Department of State,
U.S. Department of the Treasury and all other governmental
agencies' regulations is a high priority. HighCom has sold its
products in the defense and law enforcement sectors and is known
for innovative technology, exceptional customer service and
superior quality performance. Additional information on BlastGard
Defense Group's companies can be found at
http://www.blastgardintl.com; http://www.highcomsecurity.com; and
http://highcomonline.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.
CONTACT: BlastGard International, Inc.
Michael J. Gordon
(727) 592-9400
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