RNS Number : 3486X
  Armor Designs, Inc.
  24 June 2008
   

 Press Release   24 June 2008

    

    Armor Designs Inc

    ("Armor Designs" or "the Company")

    Placing

    Armor Designs (AIM:ADID, ADIS), the designer and manufacturer of composite armour products targeting numerous sectors, is pleased to
announce that its Broker Alexander David Securities Limited has today placed 700,000 new Common Shares of US$0.001 each at US$10 (�5) per
share ('the Placing') with existing and new investors and as a result has raised US$7.0 million (�3.5 million) before expenses of the issue.
 The new Common Shares, which will represent approximately 2.63% per cent of the enlarged issued share capital of 26,622,500 Common Shares
of the Company, will rank pari passu in all respects with the existing Common Shares in the Company. The new Common Shares are to be
allotted as follows: 235,000 are Reg S Shares and 465,000 are Reg D Shares.

    Application has been made to the London Stock Exchange for the 700,000 new Common Shares to be admitted to trading on AIM and dealings
in the new Common Shares are expected to commence on 27 June 2008.

    Exchange rates for the Placing have been calculated at US$2 : �1.

    Charles Snyder, Chief Executive of Armor Designs, commented:  "We are delighted to have raised further funds from new and existing
investors.  These funds have further strengthened the Company's ability to continue our development and international growth strategies, and
to take Armor's products to the stage of commercialisation, and therefore enhance shareholder value."

    - Ends -

      For further information, please contact:
 Armor Designs, Inc.
 Charles Snyder, CEO  Tel: +1 602 275 4633
                      www.armordesigns.com

 Zimmerman Adams International Limited
 Graeme Thom/Charity Walmsley           Tel: +44 (0) 20 7060 1760
 graemet@zimmint.com                              www.zimmint.com

 Alexander David Securities Limited
 David Scott / Nick Bealer           Tel: +44 (0) 20 7448 9800
 david.scott@ad-securities.com           www.ad-securities.com

    Media enquiries:
 Abchurch
 Henry Harrison-Topham / Joanne Shears  Tel: +44 (0) 20 7398 7709
 joanne.shears@abchurch-group.com          www.abchurch-group.com

    Notes to Editors

    Based in Phoenix, Arizona, Armor Designs specialises in the research, testing, development and commercialisation of composite armour
products.

    Each of the products being developed by Armor Designs, in whole or in part, is based upon a generic synthetic manufacturing process
called volumetrically controlled manufacturing ("VCM"). The VCM process was originally developed by Dr. James St. Ville and involves the
creation of a computerised model into which can be inputted the specific tolerances and design constraints of a proposed product. The model
then adjusts the composition of the material until the required properties are achieved, through 3D design optimisation. The VCM process
gives Armor Designs the potential to rapidly develop new composite armour products which might consist of various materials, such as metals,
ceramics, resins and/or fibres, which in combination might share the same or better resistance to penetration as existing armour equivalents
but which are, potentially, lighter and more versatile.

    The VCM technology is the subject of several US and international patents and patent applications, which are exclusively licensed to
Armor Designs' subsidiary, Armor Designs LLC, in the field of use of synthetic armour.


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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