Archives

Below are our past announcements. Please refer to our Investor Information page for more archived press releases.

PSP announces debt reduction and working capital strength - August 20, 2007 ...more

PSP surpasses revenue and net profit before tax targets - August 13, 2007 ...more

PSP announces sale of building and elimination of long term debt - June 28, 2007 ...more

PSP today announced financial results for its third quarter of fiscal 2007 - May 16, 2007 ...more

PSP announces corporate update - May 11, 2007 ...more

PSP announces $2.75 Million in new orders - May 7, 2007 ...more

PSP completes Gator Hawk asset acquisition - May 1, 2007 ...more

PSP announces conditions of acquisition have been satisfied - April 27, 2007 ...more

PSP announces extension of completion of Gator Hawk assest acquisition - April24, 2007 ...more

PSP announces confirmation of contract extension - April 19, 2007 ...more

PSP announces further details of U.S. Acquisition - April 9, 2007 ...more

PSP announces U.S. Acquisition and Appointment of Scotyy Wylie - April 9, 2007 ...more

PSP announces the completion of a $4.5 million private placement of subscription receipts - March 27, 2007 ...more

PSP announces change in management - March 8, 2007 ...more

PSP advises correction to Press Release March 5, 2007 - March 7, 2007 ...more

PSP announces advance notice on Canadian Government contract extension - March 6, 2007 ...more

PSP increases financing - March 5, 2007 ...more

PSP announces intention to complete U.S. acquisiion and $2.5M private placement - March 5, 2007...more

PSP announces creation of Centres of Excellence - February 22, 2007 ...more

PSP delivers $1 Million Profit before taxes in first half of year - February 13, 2007...more

PSP announces confirmation on Canadian Government Contract Extension - February 8, 2007 ...more

PSP announces advance notice on Canadian Government Contract Extension and U.S. Subsidiary Milestones - January 26, 2006 ...more

PSP announces price reservation for ESOP - January 16, 2007 ...more

PSP announces $500,000 order extension - January 5, 2007 ...more

PSP secures new DND contract - January 3, 2007 ...more

PSP Announces advance order from Canadian Government - December 4, 2006 ...more

PSP announces re-election of Directors and stock option grant - November 23, 2006 ...more

PSP announces first quarter results - November 22, 2006 ...more

PSP announces Fiscal 2006 Year End Results - September 29, 2006 ...more

PSP announces new member of the Board of Directors - September 25, 2006 ...more

PSP announces grant of stock options to board member - September 21, 2006 ...more

PSP announces grand opening of Sentry Armor Systems Inc. - September 18, 2006 ...more

PSP announces grant of stock options - August 31, 2006 - Pacific Safety Products Inc. announces the grant of stock options to the COO and CFO ...more

PSP announces appointment of David Scott as CEO - August 30, 2006 - The Board of Directors of Pacific Safety Products Inc. announced the appointment of David E. Scott as Chief Executive Officer ...more

PSP wins Correctional Services of Canada Contract - August 22, 2006 - Pacific Safety Products has been awarded a contract worth an estimated $2.067 million ...more

PSP Fiscal 2007 Outlook - August 17, 2006 - Pacific Safety Products will enter fiscal 2007 with a strong backlog, solid opportunities for future growth and an improved balance sheet. ...more

Introducing www.sentryarmor.com. PSP has launched this website for its wholly owned subsidiary, Sentry Armor Systems, located in Dover, Tennessee. Sentry Armor will develop, market, and manufacture armor systems, clothing and accessories for customers including the U.S. Federal Government, the Department of Defense, and State and Law Enforcement agencies. The production plant has commenced operations and initial orders will be fulfilled by Sentry during this quarter.

Preliminary Year End Results - August 9, 2006 - Pacific Safety Products today announced its preliminary financial results for fiscal year 2006. ...more

Corporate Update and New Business Opportunities - July 24, 2006- David Scott, CEO of Pacific Safety Products provides the following corporate update: ...more

PSP Increases Order Book with $549,000 win - June 9, 2006 - PSP announced today it has been awarded an order valued at $549,000 for defence related products ...more

PSP Corporate Update - May 26, 2006 - PSP announces that it has been awarded a contract modification for its fragmentation vest contract, the retirment of Lori Field, Corporate Secretary and the addition of Lecia Stewart as a strategic planning consultant...more

PSP Announces Establishment of U.S. Business - May 23, 2006 - PSP today announced that it is establishing a wholly owned subsidiary, Sentry Armor Systems ...more

PSP Posts Record Sales and a Profitable 3rd Quarter - May 16, 2006 - PSP announced financial results for the 3rd quarter of Fiscal Year 2006 ...more

PSP Announces Debt Reduction and Improved Financial Arrangements - May 12, 2006 - PSP today announced the results of improved financial arrangements...more

PSP Wins Border Services Agency Contract - April 27, 2006 - PSP today announced that it has received a contract from Public Works and Government Services Canada ...more

PSP announces Negotiations to Establish a Business in Dover, Tennessee - April 24, 2006 - PSP has entered into definitive negotiations with the County of Dover, Tennessee ...more

PSP announces Partnership with i-systems
April 5, 2006 - PSP has been selected to distribute i-systems advanced system of clothing products on an exclusive basis ...more

PSP announces Retirement of Founder, Brad Field
April 4, 2006 - PSP today announced that Brad Field, its founder, will retire from the company at the end of April 2006. ...more

PSP announces Recent Orders and Product Launch
March 23, 2006 - PSP announced orders in excess of $1.2 million for its armor products from Provincial and Municipal agencies in Western Canada ...more

PSP announces Stock Options Granted
March 2, 2006 - PSP announces the granting of stock options to employees and executive management ....more

PSP announces Second Quarter Results and Stock Option Approval -- February 27, 2006 - Highlights of the report included record sales of $7,204,500 and a net income of $520,055 or $0.027 a share. EBITDA for Q2 was $816,134....more

PSP introduces Sigma Six ™ and Delta Five ™ Armor Systems - February 16, 2006 - These advanced systems were designed after conducting extensive research into the issues and concerns of Law Enforcement regarding current armor designs...more

Results of Employee Share Ownership Plan for 2006
February 2, 2006 - A total of 80,066 shares were purchased by 73 employees at a price of $0.43 per share for total proceeds of $34,428. ...more

$5.8 Million increase in Fragmentation Protective Vest Contract - February 2, 2006 - PSP has been awarded a contract amendment from the Canadian Department of National Defence (“DND”) which increases its Fragmentation Protection Vest contract value by $5.8 million. ...more

Price Reservation for Employee Share Ownership Plan - January 16, 2006 - In accordance with the Company's ESOP, the purchase price for the next offering period, being January 15, 2006 to January 31, 2006 , has been set at the closing price of the shares on the TSX Venture Exchange effective today...more

Termination of Agreements - December 14, 2005 - PSP announces the termination of agreements with Armorkworks...more

Grant of stock options to Mr. Gerald Bush and Ms. Valerie Dougans December 9, 2005 - PSP announces the granting of Stock Options in conjunction with officer appointments ...more

Appointment of President and Chief Financial Officer November 24, 2005 - PSP announces the appointment of Mr. Gerry Bush as President and Ms. Valerie Dougans as Chief Financial Officer ...more

First Quarter Results November 23, 2005 -
PSP announces the results for its first quarter financial statements ending September 30, 2005 . ...more

Appointment of Executive Vice President , US Operations October 19, 2005 - PSP announced today that Cynthia Mooney has been appointed as Executive Vice President , US Operations. ...more

Organizational Update. October 5, 2005 -
Ross Langford, Chair of the Corporate Governance Committee announced that the Board of Directors of PSP has retained David Scott in the role of Chief Executive Officer (CEO) and President for the Company's organizational transformation period, expected to take approximately six months ...more

MEDIA RELEASE:
Pacific Safety Products Celebrates Two Milestones On September 21, 2005 PSP and the Montreal Police Special Operations Division celebrated a life saved by a PSP Vest. Dan Ripchensky, Executive Vice President of Sales and Marketing presented a new tactical vest to one of the Montreal Urban Community Police SWAT team members. The new armour replaced a PSP vest that absorbed the impact of a bullet during a recent police action.

“Our tactical vest did everything it was expected to do in such a situation and while the officer was bruised, he was very much alive and well and deeply grateful for the quality of our products.” says Mr. Ripchensky. “All of us at PSP have one primary objective which is to do everything required to allow all who have to respond to critical and hostile situations the opportunity to accomplish their mission and be alive and well at its completion. This was a terrific example of how PSP contributes to the real world.”

One day earlier, a ceremony was held to present the Department of National Defence (DND) with the First Issue Release of the Canadian Military Fragmentation Protection Vest (FPV). The event was attended by members of the Department of National Defence, members of various Government Agencies, the Mayor of Arnprior – Terry Gibeau, supplier representatives, local business leaders, and PSP employees.

Brad Field, Vice-Chairman of PSP, presented to Brigadier General Giguère, Director General Land Equipment Program Management, the First Issue Fragmentation vest. Brigadier General Giguère in turn presented the vest to Brigadier General Christopher Davis, currently Director General Land Capability Development. General Davis then provided Fragmentation Protection Vests to four solders in attendance from CFB Petawawa 2 nd Regiment Royal Canadian Horse Artillery. The ceremony was held at PSP's Arnprior , Ontario facility where the vest is being manufactured.

“This represents a real milestone for the Company and continues to build the history of a strong and successful relationship between PSP and DND.” says Mr. Field. “We were honoured to officially release the FPV to the Army and its soldiers. The ceremony itself had a huge impact and really drove home to us all the importance of the work we are doing.”

The Fragmentation Protection Vest is being built by PSP under contract to the Department of National Defence. The current contract is valued at $24.1 million with options for a potential additional $8 million. To date PSP has delivered approximately 10,000 vests to the Canadian Military.

NEWS RELEASES:
Financial results for the fiscal year ended June 30, 2005. - September 22, 2005 – Sales for the year were $16.7 million, which represents an increase of $4.1 million, or 33.0% over last year's sales of $12.5 million. Revenue generated from the two Canadian Military government contracts totaled $6.3 million for the year, or just over 10% of the total revenue expected over the life of the contracts. The Company incurred a loss of $2,555,671 or $0.153 per share, compared to a loss of $613,868 or $0.050 per share last year. ...more

Pacific Safety Products Inc. Announces the appointment of Mr. John R. Brodie to PSP's Board of Directors - September 15, 2005 – Mr. Brodie, has been President of John R. Brodie Capital since September 2003. Previous to this he was a partner with KPMG, an international accounting firm. During his 28 years with KPMG, he held a number of senior management positions with the firm. He currently serves as Chair of the Audit Committee of Far West Mining Ltd., Rubicon Minerals Ltd. and Ag Growth Income Fund. In addition he serves on the Board of two private companies. He was recognized by the British Columbia Institute of Chartered Accountants as a Fellow in 2003 for his distinguished service to the community and his profession. ...more

Pacific Safety Products Inc. Announces the resignation of Mr. Brad Ditchfield, Executive Vice President US Business Development, effective October 15, 2005. - September 9, 2005 – "Mr. Ditchfield has been a valued member of the Executive Leadership Team at PSP for the last five years and made many contributions to the growth of the Company," stated David Scott, Interim CEO. "On behalf of PSP, I wish to thank Mr. Ditchfield and wish him well in his future endeavors." ...more

Pacific Safety Products Inc. Reports Preliminary 2005 Financial Results and Changes to Executive Leadership Team - August 31, 2005 – Preliminary results for fiscal 2005, ending June 30th, report sales for the year of $16.7 million, representing an increase of $4.1 million, or 33.0% over last year's sales of $12.5 million. ...more

Pacific Safety Products Releases Update on Strategic Initiatives - August 9, 2005 –  “At the nine-month mark we reported on a number of our strategic initiatives and now at the end of our fiscal year it is time to review our progress,” stated Brad Field, President and CEO. ...more

PSP Announces Stock Option Grant - June 3, 2005 – The Company announced the granting of Stock Options to Mr. Gerald Bush and Mr. Brad Ditchfield in conjunction the Company's recent re-organization announcement of May 12, 2005.  ...more

Pacific Safety Products Inc. - Reports Third Quarter Results - 123% revenue increase over same quarter last year - May 16, 2005 - "We are proud to report record breaking sales volumes for the month of March - the highest shipment volume in any other month in our 21 year history", comments Brad Field, Chief Executive Officer.Sales of $5.4 million for the three months ended March 31, 2005 represents an increase of $3.0 million, or 123.8% over the comparative period last year with sales of $2.4 million. Sales for the nine months ended March 31, 2005 of $10.7 million are up from $9.1 million for the same period last year. ...more

Pacific Safety Products Inc. - Announces Corporate Re-organization - May 12, 2005 - PSP is pleased to announce that Mr. Gerald Bush has been named Chief Operating Officer (COO) for PSP’s Canadian operations.   ...more

Pacific Safety Products Inc. Releases Update on Stategic Initiatives - April 6, 2005
“As a public company, it is important to provide regular updates to our stakeholders.” states Brad Field, founder and CEO of Kelowna's Pacific Safety Products Inc.   ...more

PSP recognized at the Silicon Vineyard awards held by the Okanagan Science & Technology Council (OSTEC) - April 4, 2005
PSP was the proud recipient of the " Innovative Organization of the Year" award at the Silicon Vineyard Innovation Awards held by the Okanagan Science & Technology Council (OSTEC) . Brad Field was also recognized as "Innovator of the Year" at this event. OSTEC is an organization that fosters an environment that supports science and technology initiatives. The awards have been developed as a program to recognize excellence in industry of both innovative individuals and organizations from the Shuswap, Okanagan and Similkameen Valleys.

Pacific Safety Products Inc. Receives $2.6 Million Increase in Canadian Military Fragmentation Protective Vest Contract Value - March 2, 2005
Pacific Safety Products Inc. announces it has received an amendment increasing the value of the contract with the Canadian Department of National Defence for Fragmentation Protective Vests by $2.6 million.  ...more

Pacific Safety Products Inc. Signs agreements with Armorworks Enterprises LLC - February 28, 2005
Pacific Safety Products Inc. announces it has signed two agreements with ArmorWorks Enterprises, LLC (“ArmorWorks”) of Tempe , Arizona ...more

Pacific Safety Products Inc. Announces its intention to make a Normal Course Issuer Bid - February 22, 2005
Pacific Safety Products Inc. proposes to renew its Normal Course Issuer Bid ( the “Bid”) effective February 23, 2005 . The bid allows the Company to purchase up to a total of 400,000 common shares ...more

Pacific Safety Products Inc. Reports Second Quarter Results - February 11, 2005
Pacific Safety Products Inc. announces its financial results for the three months and six months ended December 31, 2004......more

Pacific Safety Products Inc. Announces a private placement of shares through its Employee Share Ownership Plan - February 1, 2005
Pacific Safety Products Inc. has filed with the TSX Venture Exchange for approval of a private placement of 54,790 common shares to be issued in conjunction with its Employee Share Ownership Plan (“the Plan”). ...more

Pacific Safety Products Inc. Announces price reservation for its Employee Share Ownership Plan - January 17, 2005
The Company has applied for a price reservation through the TSX Venture Exchange to set the price for shares being offered to employees for purchase through its Employee Share Ownership Plan. ...more

Pacific Safety Products Inc. Announces the completion of a $4.8 million equity financing with Acumen Capital Partners - January 6, 2005
Pacific Safety Products Inc. is pleased to announce that the Company has completed a second private placement financing (“the Financing”) with Acumen Capital Finance Partners Limited (“Acumen”), as underwriter. The Company received aggregate gross proceeds of $4,812,500 in consideration for the issuance of 1.750 million units of the Company. ...more

Pacific Safety Products Inc. and Armorworks Enterprises Llc. extend closing date of Letter of Intent
KELOWNA , British Columbia , Canada – January 4, 2005 – Pacific Safety Products Inc. (“PSP”) and ArmorWorks Enterprises Llc (“AW”) have jointly agreed to extend the closing date of the Letter of Intent signed on October 26 th , 2004 . The initial closing date for the LOI was December 31 st 2004 , it has now been extended to February 28 th , 2005. ...more

Pacific Safety Products Inc. Announces increase in number of units under private placement
KELOWNA , British Columbia , Canada , December 15, 2004 – Pacific Safety Products Inc. - (PSP: TSX Venture Exchange) - (“PSP” or “the Company”)  has amended its previously disclosed agreement with Acumen Capital Finance Partners Limited (“Acumen”).  In addition to the $2,062,500 bought deal private placement at a price of $2.75 per unit (the “Units”), Acumen's option, exercisable until 48 hours prior to closing, has been increased to up to an additional 1,000,000 Units, on a best efforts basis, increasing the aggregate offering to a maximum of $4,812,500. ...more

Pacific Safety Products Inc. Announces bought deal financing with Acumen Capital Partners
KELOWNA, British Columbia, Canada, December 15, 2004 – Pacific Safety Products Inc. - (PSP: TSX Venture Exchange) - (“PSP” or “the Company”) - is pleased to announce that it has entered into a “bought deal” financing agreement with Acumen Capital Finance Partners Limited (“Acumen”), pursuant to which Acumen has agreed to purchase 750,000 units of the Company (the “Units”) at a price of $2.75 per Unit for aggregate gross proceeds to the Company of $2,062,500. In addition to the $2,062,500 bought deal, Acumen has the option, exercisable until 48 hours prior to closing, to offer up to an additional 500,000 Units, on a best efforts basis, for additional gross proceeds of up to $1,375,000, increasing the aggregate offering to a maximum of $3,437,500. ...more

Pacific Safety Products Inc. Announces Re-election of Board of Directors and Stock Option Grant
KELOWNA, British Columbia, Canada – November 29, 2004 – Pacific Safety Products Inc. (PSP:TSX Venture) (“PSP” or “the Company”) held its Annual General Meeting on November 26, 2004, at which all Board members were re-elected for a further one year term. Mr. David Scott , Mr. Mel Cooper , Mr. Brad Field, Mr. John Jennings , Mr. Mel Kotler , Mr. Ross Langford , Mr. Bob Lunney and The Honourable Roy MacLaren were elected by acclamation. ...more

Pacific Safety Products Inc. to Team with U.S. Based ArmorWorks Llc
KELOWNA, British Columbia, Canada – November 8, 2004 - Pacific Safety Products Inc. (PSP: TSX Venture Exchange) ("PSP" or "the Company") announces it has signed a Letter of Intent with ArmorWorks Llc. of Tempe, Arizona to jointly explore business opportunities in the rapidly growing safety and defense markets. ...more

Interview on Canada's Business Report
Listen to most recent interview with Brad Field, President and CEO Pacific Safety Products Inc. ...more

Pacific Safety Products Inc. Announces the completion of a $2.8 Million Equity Financing with Acumen Capital Finance Partners
KELOWNA , British Columbia , Canada , September 23, 2004 – Pacific Safety Products Inc. - (PSP: TSX Venture Exchange) - (“PSP” or “the Company”) - is pleased to announce that the Company has completed a private placement financing (“the Financing”) with Acumen Capital Finance Partners Limited (“Acumen”), as underwriter. The Company received aggregate gross proceeds of $2.8 million in consideration for the issuance of 4.0 million units of the Company. . ...more

Pacific Safety Products Inc. Reports 2004 Financial Results
KELOWNA , British Columbia , Canada, September 17, 2004 - Pacific Safety Products Inc. (PSP: TSX Venture Exchange) ("PSP" or "the Company") announces its financial results for the year ended June 30, 2004. ...more

Pacific Safety Products Inc. Announces new Executive Vice President, Sales and Marketing
KELOWNA, British Columbia, Canada, August 31, 2004 – Pacific Safety Products Inc. - (PSP: TSX Venture Exchange) - (“PSP” or “the Company”) - is pleased to announce that as of September 1, 2004 Mr. Daniel Ripchensky has been hired as Executive Vice President, Sales and Marketing. His 20 years of senior management experience, within the realm of domestic and international sales and marketing, will be a strong addition to PSP’s executive leadership team. ...more

Pacific Safety Products Inc. Announces a $2.8 million Equity Financing with Acumen Capital Partners
KELOWNA, British Columbia, Canada, August 31, 2004 – Pacific Safety Products Inc. - (PSP: TSX Venture Exchange) - (“PSP” or “the Company”) - is pleased to announce that management has entered into a “bought deal” financing agreement with Acumen Capital Partners to provide aggregate gross proceeds of $2.8 million in consideration for 4.0 million units of the Company. ...more

Pacific Safety Products Inc. Wins Contract Valued at $24 Million
KELOWNA, British Columbia, Canada, August 30, 2004 – Pacific Safety Products Inc. - (PSP: TSX Venture Exchange) - (“PSP” or “the Company”) is pleased to announce that Public Works and Government Services Canada has awarded PSP a $24 million contract to supply chemical warfare protective coveralls to the Canadian military. ...more

Pacific Safety Products Inc. Wins $21.6 million Military Contract
KELOWNA, BC, March 3, 2004 – Pacific Safety Products Inc. - (PSP: TSX Venture Exchange) -(“PSP” or “the Company”) is pleased to announce the award of a $21.6 million (including GST) clothing contract for the provision of a Fragmentation Protective Vest to the Department of National Defence....more